Simple ways to improve your credit score will help you secure the best future plan possible. Who needs a great score?
Everyone, especially if you want to buy a house, car, or even have your lights turned on without a deposit. I’m going to give you a few suggestions on how to improve your score by doing very little.
Easy Credit Score Fixes
Credit Repair Programs
These programs are great if you have a serious credit score problem. Click here to find out more about what they can offer and how they can help you.
These programs can improve your score by fixing whats knocking your score down.
Once your credit is fixed remember to maintain good credit practices.
If you have little or no credit history this will not work for you, the next section will though.
Building Credit Worthiness
People with little or no credit history need to apply for credit, to gain credit worthiness.
Click here to apply for an auto loan and also to see what your credit score is. I won’t go car shopping without being pre-approved for a loan.
If a car dealer send enough clients to a certain lender they will earn preferred status and earn something for your referral. I prefer to do the shopping beforehand, so I know I’m getting the best rate.
Although your car loan may be $200 for 24 months, try paying $300 a month for 16 months. If you’re unable to do the $300 every time, just try to pay the loan off 4-6 months ahead of schedule.
This website can shop your credit for you and return with deals from multiple lenders at one time.
Secured Credit Programs
Another way to build credit worthiness is keeping money in an IRA, CD, or something you cannot withdraw from and then asking for a loan against it. For example, open a CD here for 9 months, when the 9 months are up ask the bank to do a personal secured loan against the CD.
After you have have done one secured loan, try for an unsecured loan. Personal loans help your credit out because it shows your ability to pay back without having something secured against it.
Your score only goes up if more companies are able to trust that you will repay what they have lent you.
Lastly, try a secured credit card, by giving a bank a set amount of money to hold while you have that limit on your credit card. Use this for a year and then apply for a regular credit card.
When you close out the secured card account, you’ll get your money back.
The most important thing to remember is you are always working on your credit, whether that be good or bad is based upon how you use it.
Try to always remember payment dates. Buy a planner to write them down in. If you miss a payment, that will hurt your score.