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Using credit responsibly is an integral part of personal financial health. Not only is credit a key factor in securing loans for a home, vehicle or other major purchases, landlords often look at credit before approving new renters, as well.
"Improving and maintaining a positive credit history is important for people of all backgrounds, ages and life phases," says Mike Sullivan, director of education for Take Charge America, a national nonprofit credit counseling and debt management agency. "A few credit missteps can set back your financial goals significantly, even years in some cases."
To do just that, Sullivan recommends the following tips.
1. Limit the Number of Cards
People are bombarded with dazzling credit card offers, but applying for too many can negatively impact credit w...
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