Are you in debt and feeling panicked about your credit score?

Take a few deep breaths.

Thats why its important to be mindful of your use of credit in your personal finances.

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And, if youre faced with an unexpected expense, credit can help you stay afloat financially.

There are other steps it’s possible for you to take to improve your situation.

Making progress with improving your credit doesnt have to be overwhelming.

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Lower your credit utilization ratio.

One small but impactful action is lowering your credit utilization ratio, Sokunbi said.

This means using less of your available credit.

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The good news is that lowering your credit utilization rate can help boost your scores in a short time.

Make purchases with cash or debit instead.

Prioritize paying down credit card balances early and often.

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Consider asking for a credit limit increase as well.

And in general, have a go at keep your nonessential spending down as you pay off debt.

Pay your bills on time.

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He urged people to prioritize paying their bills and doing it on time to avoid negative consequences.

Declutter your credit card collection.

Thats why its helpful to prioritize one card as your main payment method.

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But avoid closing long-standing accounts.

Avoid closing old accounts, Sokunbi said.

Dont apply for new forms of credit.

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This typically occurs with applications for a new credit card, mortgage or other jot down of loan.

Transfer your balance.

Become a secondary user on a trusted loved ones account.

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Sign up as a secondary user on a trusted family member or friends credit card account, Woroch suggested.

Of course, not everyone has this option.

Consider a secured credit card.

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A secured credit card can help you establish or reestablish credit with a down payment, Pan explained.

Assess whether the potential long-term benefits for your credit score outweigh this short-term dip.

Check your credit report regularly.

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Checking your credit report regularly for errors is key, Sokunbi said.

Sometimes mistakes can lower your score, and disputing these can give you a quick boost.

At least once a year, take the time to look for any discrepancies in your credit history.

You may discover errors or even fraud.

you might requestfree credit reportsfrom Equifax, Experian and TransUnion, Woroch said.

She also recommended monitoring your credit score even more regularly.