Simple Tips to Improve Your Credit Score

Tuesday, April 9, 2019, 6:00 AM | Leave Comment

Let’s face it, many of us struggle with credit issues at some point in our lives. A sudden job loss or an unexpected bill can often cause us to make some hard decisions.

Choosing to buy groceries instead of paying your credit card bill is something that we may have to face in life.

If circumstances have made your credit score less than perfect there are some things that you can do to improve it.

Today we are going to learn some simple, yet effective tips that can get you back on track.

  • Know What Your Score Is

    Many people don’t even know what their credit score is. They are often shocked when they get turned down for a car loan. The truth is you can’t fix your credit if you don’t even know what your score is. If you fall in this category and you don’t know what your score is, all you have to do is check it. There are several websites that will allow you to know what your score is, without the danger of lowering your score.

  • Clear Up Collection Accounts

    If you have a lot of bills that have gone to collections it is a wise move to do something about them. Instead of letting them go you should contact the collection agency handling your case. Many of them will work with you so that you can pay off your old debt which will, in turn, improve your credit score. Some agencies will settle for a fraction of the debt you owe so it is really worth it to contact them.

  • Speak with a Financial Planner

    A great way to get yourself back on the road to good credit is by speaking with a financial planner. He or she will be able to give you valuable advice that you can use to improve your credit. Having an adviser will help you make personal goals that will not only improve your credit but also your overall financial situation. Find a nonprofit financial advisor online or in your local vicinity.

  • Sign Up for a Secured Card

    Another way that you can build your credit score is by signing up for a secured credit card. These cards are much like the traditional credit card but you need to load it with money before you can use it. You might be asking yourself why should I borrow my own money? The answer is simple; to build your credit score. Once you have gained the trust of the credit card company, they will often extend a line of credit which you can use to make everyday purchases. Next, you can sign up for an unsecured credit card that will help build your credit history.

  • Get a Loan and Pay It Back

    A great way to give your credit score a boost is to take out a loan. Getting deeper in debt may seem like a bad move on your part but it can be great for your credit score! The trick to using a loan to boost your credit is to pay the loan back in a timely manner. There are many online loans for you to choose from, such as 24 Cash. This lender is willing to work with cases with bad credit. They offer quick loans which require very little information from you.

Now that you know how to improve your credit score, why not take action? Remember that it is up to you to be proactive about your credit!

Throw us a like at Facebook.com/doable.finance


Post a Comment on Content of the Article

 

This is not a billboard for your advertisement. Make comments on the content else your comments would be deleted promptly.

CommentLuv badge