This article discusses common mistakes to avoid if you aim to keep your credit score above 700. It emphasizes the importance of regularly checking your credit report for errors and promptly addressing them. Timely payments and responsible credit card usage, such as keeping balances below 30% of the limit, are crucial for maintaining a good credit utilization ratio. It also advises against applying for multiple credits in a short period to minimize the negative impact of hard inquiries. Additionally, it highlights the significance of keeping old credit accounts open to maintain a longer credit history.
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