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The following are ways you can avoid running into common credit issues:

1. Lack of enough credit history- Practice making on-time payments that are reported to the credit reporting companies. You may use secured credit cards, credit builder loans, or retail store credit cards.
2. Denied Credit Application – Find out why- Review your credit reports. Make sure the information in your credit reports is accurate. If you find errors, take steps to correct them.
3. Closing Old Credit Card Accounts- can lower your score. Account history is an important factor in your credit score.
4. Collections on your report- These could include unpaid parking tickets, speeding tickets, driving fines, cell phone bills, and utility bills. The good thing is that as soon as you pay these kinds of debt, you can ask the creditor to remove their collection notice from your credit report, and many will. Get them to agree in writing before you make the payment.

Building and rebuilding your credit will take time and planning. The steps above can guide you on your journey.

To learn more about fixing your credit issues, check the Mustard Seed Financial Series HERE:

https://mustardseedfinancialliteracyseries.com/

MSFLS- Learn more about Money, Get It, Grow It, Keep It!