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Did you know that your credit score determines your interest rate when you are looking for a loan to buy a house or a car? The higher your credit score, the lower your interest rate. The lower your credit score, the higher your interest rate.

Even if you’re not looking to buy a house or car, you should know your credit score. Review your score to check for errors. Mistakes are made. You can raise your credit score by fixing these errors. Check your credit score for free once a year at www.annualcreditreport.com or www.myfico.com

If you need to clean up your credit and raise your score, there are things that you can do:

1. If you find errors, you can contact the lenders directly to get them taken care of.

2. Don’t close any of your credit cards even if you aren’t using them and don’t open any new ones unless you need to start building credit

3. Do not make any big purchases.

4. Pay down your credit cards.

5. Pay your bills on time.