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How to Improve Your Credit Score

Last week, we talked about why your credit score is important, and what it can do for you. This week, we’re taking a look at how you can improve your score if you’re just now becoming aware of it.

All in all, it’s not a hard or complicated process, but it does take some time to see improvements. Unless you make a few drastic changes, you’re looking at taking a few months to a year to make amazing progress.

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How I Accrued and Paid Off $25,302 in Debt in 3.5 Years

I remember the last few months before I graduated college. Many of my friends were frantically applying for jobs or planning exciting travel. People were pledging undying friendship and partying harder than ever.

Strangely enough, I felt a strong sense of calm. I knew I was going to move home and work for a year at whatever I could find. I wasn’t trying to be ambitious in any way, and for a very good reason: I had no money and a boatload of debt.

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Why Debt is Not Normal

I live with three housemates. Three of us also have significant others, meaning there are seven people in and out of my house regularly.

Of those seven people, five of us have some kind of debt: student loans, credit cards or a mortgage. Sadly, our numbers reflect the average American: the average American household carries $15,611 in credit card debt, $155,192 in mortgage debt, and $32,264 in student loan debt. 

Despite the fact that everyone seems to have some kind of debt, debt is not normal.

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