Credit is a process by which one person obtains money, goods or services and agree to return it with some interest at a later date. Before a credit providing company gives you money, they will put in place certain terms to make sure that you will be able to repay it. Before taking credit or after taking credit you may follow some tips to repay it or reduce the burden.
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Yes, if you want the new line of credit, like your credit card to help you improve your credit score, you should never make any late payments on these cards. Moreover, you should also take note of the fact that you should never spend more than 30% of your credit limit, as increased debt to credit ratio also lowers your credit score.