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Managing debt is a lot like managing a weight problem. There are no quick fixes. The only way to effectively deal with the problem is thoughtful, long-term thinking and actually following through with your debt management plan.
Managing your debt relative to your income is a critical part of maintaining a strong credit score. That said, the calculations behind your credit score involve a lot more than just comparing your current debt and income. Credit rating agencies consider a broad range of factors, including past debts, number of credit accounts, and even the kind . . .
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