3) Get a Credit Card
If you used a secured credit card to build credit, the next step is opening an unsecured credit card. These are the cards that give credit without a collateral cash deposit. The amount of your credit line will be based on your income, your credit history, limits on other cards, and several other factors. Some credit cards have a set limit that all their customers receive. It depends on the card. Regardless of the limit, the important part is making timely payments on your card. A history of late payments can hurt your credit score. The best way to do this is to keep the balance low and try to pay it off completely every month. Doing this will build your score. If the balance is too much to pay off every month then try to make more than the required minimum payment – doing this also boosts your score.
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