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Keeping your credit score healthy

Reference: FCC

Numerous pitfalls exist that can lower credit scores, and some are easier to identify than others, agricultural financial experts say.

Credit history
How long credit has been in use and how it’s been used represents 15 per cent of credit score weighting, says farm management consultant Denise Filipchuck.

She notes making above minimum payments will improve a credit score.

“The account activity is also considered, so be sure to revolve the account monthly and keep it active,” Filipchuck says...Read More