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25 Ways to Get Out of Debt Fast

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For example, if you have a $73 credit card payment, add $7 to make it an even $80. In addition to making double payments next month, you’ll have to pay a late fee money you could have used to reduce your balance. Setting up automatic payments on your accounts is the easiest way to avoid late fees. Bankruptcy.

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10 Best Credit Cards for Fair Credit

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There are different metrics for measuring a credit score, but many banks and lenders use the Fair Isaac Corporation (FICO) model to calculate it: Poor: 300-579 Fair: 580-669 Good: 670-739 Very good: 740-799 Exceptional: 800-850 A fair credit score is below average, but it’s an excellent springboard for having better credit in the future.

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Is There a Minimum Credit Score for Business Loan Eligibility?

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But it’s highly likely that credit bureaus will take the following factors into consideration: . Payment history. Credit capacity. Length of credit history. The number of credit accounts you have. Tax liens, judgments, bankruptcies, collections. Hard credit inquiries . Card utilization .