I’ve tried everything from saving to adding on without spending I just can’t seem to get it right I want to know what’s the best possible way to boost credit without adding on in debt dead could hold you in the future.
Everyone will have a different experience. What have been working for me is paying a a small portion every week in addition to my fixed monthly amount. I started on the card I owed the least amount first. Small steps trips big results.
One method that’s good is keeping your credit cards below 30%. Also if you have a loan for example and your payments are $150. You try to pay $20 extra because you know you pay towards the principal. This actually helps me. If in the event you can’t make a payment that extra money you need paying can go towards a payment. This is just an example.
Hope it helps
Paying your balance in full.
What if don't have credit card or credit card dept. Jus all the other kind of dept.
Hello new to this on here any good advice you all might have???
It is hard when there are so many different factors that affect your credit score but I've learned consistency will eventually pay off!
I can’t have a credit card. I’m not disciplined enough to use it wisely. I’m just trying to save and pay off past debt.
How are student loans going to affect my credit score since they have been in the mix of COVID programs for repayment relief?
My problem with credit is mostly student loans unfortunately
One week my score dropped bc of a late payment and the next week it went up significantly by I opened a cc.
Thanks for adding me to the group. My life is on ssdi so check to check never having enough still. All of you all have posting interesting views and facts per situations however these are very accurate great resources look forward to learning more as well as investing saving growing learning. Very important
Thanks for the tips
what about after bankruptcy? Credit card companies deny every request. What can I do?
yes
Secured credit cards
If you apply for a new credit card they will lower your credit.
Yep. And if you purchase a car with low credit? You'll receive a million rejection letters from institutions where each and every one of them checked your credit score, and each and every one of those checks lowers your credit. Catch 22. Yet, the car dealer will neglect to tell you that they apply en mass to many institutions simultaneously. They will very casually screw your credit up even further. Going to multiple dealerships? Prepare to be bombarded with rejection letters negatively affecting your credit score.
I hope to boost my credit score.
I’ve tried everything from saving to adding on without spending I just can’t seem to get it right I want to know what’s the best possible way to boost credit without adding on in debt dead could hold you in the future.
You can pay into a reverse loan. You take out a loan of $500. Instead of getting the money first, you make weekly, bi-weekly payments of an amount you can do say $50. Each payment on time builds credit. At the end you have paid off the loan and you get your $500 back.
What do you do once you've paid off your loan to continue to improve your credit?
yes
I boosted my credit by charging a small, regularly occurring and necessary monthly expense to a credit card, and then I paid the small charge every month. This method didn’t involve adopting any new debt, since I wasn’t making any purchases I wouldn’t have otherwise. To the best of my ability I didn’t charge anything else each month (I know everyone’s in a different situation and sometimes that may be unrealistic) which helped ensure that I could always make the payment. Over time those payments helped the “payment history” portion of my credit score.
I'm trying myself it's hard as can be
Same
