Get your pencil, notebook, and brain ready – here’s a handful of tried and true methods to raising your credit score. Let’s get started.
Secured credit cards are those in which account holders must submit the value of their maximum balances to credit card issuers prior to using them. Being able to submit money to a financial servicer shows you’re responsible, and prevents the possibility of not being able to pay a credit card balance back.
Being an authorized user may be a painless way of boosting your not-so-great credit. Credit cards often have multiple users – think about parents of teenagers giving them cards to use when they’re out of town. Rather than bestowing unto them their own account, parents are able to monitor their spending and create limits if necessary.
Whether you’re currently in school or not, if a student loan balance is currently due, submitting payments prior to due dates can boost credit reports’ evaluations of your financial situation.
If you need a vehicle, are responsible, and have enough cash flow to cover monthly auto loan payments, consider financing a vehicle. Car payments are a big responsibility, and can quickly make your score rise through the proverbial roof.
Finally, even though it might not make sense, make sure not to close any accounts. Keeping them open shows you might use them soon. Closing them cuts down on credit history, making you look bad to credit bureaus. For more info about us: https://www.freedomdebtrelief.com/ click here.
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