Boost Your Credit Score: 5 Essential Steps to Escape the Danger Zone
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Moneycontrol•24-01-2026, 18:02
Boost Your Credit Score: 5 Essential Steps to Escape the Danger Zone
- •Pay all bills on time, as late payments severely damage your credit score. Prioritize minimum payments if cash flow is tight.
- •Reduce credit card utilization significantly; aim to use much less than your available limit to signal financial stability.
- •Avoid applying for new credit when your score is low, as each application can further decrease your score.
- •Regularly check your credit report for errors and dispute any inaccuracies, which can lead to quick score improvements.
- •Keep old, well-maintained credit accounts open to benefit from a longer credit history, which helps stabilize and improve your score.
Why It Matters: Consistent, disciplined financial habits are key to improving a low credit score and moving out of the danger zone.
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