Learn about credit scores like your financial report card, ranging from 300 to 850. Explore key components: payment history (on-time payments boost, late payments hurt) and credit utilisation (maintain below 30% for a healthy score). Additionally, dive deeper into components like credit history length (longer the better), and credit types diversity (handle various credit responsibly). Avoid opening too many new accounts rapidly, signalling instability. Make sure you check reports for accuracy, pay bills on time, and manage credit wisely. Your credit score reflects your financial habits. Knowledge empowers financial control and a step toward empowerment.
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