Making your card and loan payments on time is another way to control your finances and improve your credit score. By focusing on your repayments, you can minimize the amount of money you pay towards interest rate and late payment penalties. This is a myth. You can check your credit score any number of times without it being affected in any manner. In fact, checking it before making a loan application is a wise step, as applying for a loan with a low credit score can lead to rejection and bring your score down.
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