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What you need to do to rebuild bad credit, or shore up a good score

Simon Prefontaine, a financial planner with Lafond Financial Services, lays out the three most important steps to achieve a better credit score. He says establishing a line of credit, maintaining a low outstanding balance relative to the borrowing limit and making loan and bill payments on time are all key. Over the past two decades, Canadians' credit card debt relative to income has grown steadily higher.

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