Improving your credit score can save you money in the long run. The difference between a good credit score and a low score can cost thousands of dollars per year. That means you can accumulate more wealth during your lifetime by having a higher credit score. Here are 7 debt payoffs that boost your credit score the most by Tim Lemke of Wise Bread:
- Anything that’s on time
- Debt with the highest interest rates
- Credit cards with the lowest credit limits
- Anything that gets your credit utilization under 30%
- Your student loans
- Small balances on numerous credit cards
- Any past-due bills
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