Building Credit: Beyond Purchasing Tradelines

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Building Credit: Beyond Purchasing Tradelines

May 14, 2024 pthnw 0 Comments

Purchasing tradelines can provide a quick boost to your credit score, but building and maintaining good credit requires more than this. Understanding the importance of a healthy credit mix is crucial (see “Understanding Credit Mix: A Crucial Element in Your Credit Score”). Additionally, the average age of your accounts plays a significant role in your credit profile (see “Overlooking the Impact of Average Age of Accounts”). It’s also essential to avoid last-minute tradeline purchases, as they can often do more harm than good (see “Avoid Last-Minute Tradeline Purchases”). Diversify your efforts by managing your credit utilization ratios and maintaining good payment histories on various accounts.

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