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Credit score affects your loan prospects - final. How to protect your credit score.
Obviously, the best way to protect your credit score and have good Credit Report is to pay your bills on time. Put yourself on a strict budget and stick to it. If you have more money going out than coming in, look for ways to trim your expenses, like joining your utilities' budget plans which spread out your payments over an extended period. Take advantage of a CREDITOR's automatic online credit bill paying programs.
If you find yourself a little short one month, or if you are having trouble paying your credit bills, don't hide from your CREDITORs - call them. Perhaps they'll be willing to wave a late fee or two and agree not to report your tardiness to the credit bureaus. Or maybe they'll agree to restructure your credit debt to make it easier for you to handle your payments.
Finally, protect yourself by reviewing your credit history on an annual basis with all three credit-reporting companies.
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