From buying insurance to getting a mortgage, your credit score is your financial DNA. Personal Finance Editor Gerri Willis is here with her dos and don’ts of establishing good credit.

1. Don’t close credit card accounts

If you are trying to improve credit scores, don’t close credit card accounts. That’s because your score takes into account the difference between what credit you have available to you and what you’re using.

If you shut down a credit card account, the total amount of your available credit is lowered, and your balances look much larger in comparison. This ratio then hurts your score.

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