What’s the best way to build credit? Over the years I’ve learned some really important lessons for building a high credit score with an overall strong credit rating and profile.
The secret to building and keeping a high credit score is done by forming good habits when it comes to managing your credit and overall finances.
Quick Note: A lot of people think that just using credit cards (or loans) and paying them off every month is all that is required for having and building good credit. The truth is this! It’s a good start, but there is much more you need to know about in order to keep a good credit rating and score once you get it! We’ll discuss what you need to know in the below lessons.
In this guide, you’ll learn how to increase your credit score by being fiscally responsible by doing the following:
- Limiting your credit applications
- Building a strong credit age and payment history
- Keeping a low credit utilization
- Using auto-payments to help make on-time payments
- How to fight the credit card companies by filing disputes etc., when errors appear on your credit report. The dispute process keeps the credit bureaus
… READ MORE
Establishing new credit can be a frustrating process. Rebuilding your bad credit after having it damaged by a bankruptcy, late payment, public record, foreclosure, or charge-offs can be even more frustrating!
Building up a strong payment history is the most important factor for raising your credit score and establishing better terms on new credit. There are many ways to do this, and we’re going to discuss each one of them in this guide.
We’ll review the process for rebuilding your poor credit by using Credit Cards, Revolving Lines of Credit, Fixed Loans, Tradelines, and a new trend where you loan money to yourself with Self Lender.
Did you know? Using credit cards is the most common way people rebuild new credit! However, there are many, many more options than that, learn them all below.
1) Getting A Credit Card or Revolving Line Of Credit
Opening a new Credit Card or Revolving Line of Credit (LOC) account is one of the most common ways you can rebuild or establish new credit for yourself.
Prepaid Credit Cards are not, however!
Also, it’s always a good idea to maintain at least 3 – 4 credit accounts, so that … READ MORE
Late payments can be reported on your credit report for all types of credit accounts. The most popular being Credit Cards, Personal & Auto Loans, Mortgages, and Student Loans.
In this guide, we are going to discuss the options available to you for removing late payments from your credit report.
Let’s get started!
There will come a time when you want to upgrade to a bigger home. Or refinance it and get a better rate, or even pull out some cash for a kitchen remodel.
You might even want to buy a new car or an investment property to start collecting rental income.
Sometimes you don’t want to buy anything at all; you just need the security of having some available credit to draw from in case of an emergency.
You’ll fill out an application for that new loan and then bam! The bank hits you with some bad news; they cannot give you the loan you wanted. Left in disbelief, you think to yourself “What is the problem? My credit is perfect, you need to rerun my application, or I’m going to a different bank!”
Upon further research and a quick look at your credit report, you … READ MORE