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Chapter 3. Improving Your Score—The Right Way > Step 2: Pay Your Bills on Time

Step 2: Pay Your Bills on Time

If you're new to the idea of credit scoring, you might have no idea how damaging just one late payment can be. I got this email from Brenda, a woman in Douglasville, Georgia, who was flabbergasted that all of her recent efforts to improve her credit score could be undone by one unpaid bill:

“I recently had a score of 640. I was late on a payment for a personal loan, and now it's 555. I now know that I can't afford to be late again, but that shouldn't have dropped my score that much, should it?”


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