Pay more than the minimum. If possible, always make payments over and above the minimum
interest payment that is
due.
Credit bureaus not only look at the
amount of
debt an
individual has
outstanding, but also the length of time it takes to
pay off the debt. Unfortunately, there's no calculation that can be used to
measure exactly how much this will boost your score. There are a myriad of factors that go into
computing a
credit score, but accelerating payments and satisfying debts on a timely basis is recommended as a means of repairing credit by
lending institutions and well-known credit
counseling agencies such Credit Guard of America.
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