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5 Long-Term Financial Goals and How to Achieve Them

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The timeline of a long-term goal generally isn’t strict, giving you plenty of time to review and adjust your goals as you go. Pay off major debts Expected time: 5+ years Account types: Credit card debt, mortgage, student loans, car loans Getting out of debt is essential to the success of your other long-term financial goals.

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How Can I Boost My Credit Score?

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It helps lenders determine the likelihood that you’ll be able to repay what you borrow. Those with a lower credit score might be a greater risk since they may not have managed credit responsibly in the past or don’t have enough credit history to help the lender make an informed decision. However, it does factor into your credit score.