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Suze says there are three ways you can start improving your FICO score today: 

1. If possible, pay more than the minimum every month on your credit cards. "If you're charging on your credit cards and all you're doing is paying the minimum, the credit cards are afraid now that you're not really being very smart with your money," Suze says. "And since you can't, it's not the FICO score that they're looking at to choose to close down your credit cards. It's the fact that you're paying just the minimum, and those are the cards that they're closing down."

2. Pay your bills on time. "Paying your credit card bills on time, essentially counts for 35 percent of your FICO score," Suze says.

3. Never go over your credit limit. "That's when they start to raise your interest rates, close you down," Suze says.

Another thing to keep in mind: Never close down a credit card. "It will hurt your credit score," Suze says.
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FROM: Best Life Week: Your Money Plan 2009
Published on January 22, 2009
Please note: This is general information and is not intended to be legal advice. You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action. Harpo Productions, Inc., OWN: Oprah Winfrey Network, Discovery Communications LLC and their affiliated companies and entities are not responsible for any losses, damages or claims that may result from your financial or legal decisions.

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