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The best way to restore bad credit is to pay it off. Pay off all debts, emphasizing ones with higher interest rates or penalties. It may help to move debts from one account to another with a lower interest rate. By communicating with creditors, it may also be possible to restructure debts to include smaller payments. Finally, continue to buy items on credit, but pay off the balance each month. Establish a history of consistent payment. Credit unions may offer loans when banks will not.

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Q: What are some tips to restore my credit?
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