It’s OK to have a low credit score, although the absence of a high, respectable score may result in fewer freedoms than your friends and family members. Those with high, 700-level scores might get better deals on insurance, rental homes, and much, much more. Fortunately for you, it’s always possible to raise your score, no matter how bad your financial situation is. Try these tips out.
While it’s painfully obvious paying bills on time proves beneficial for boosting your financial credibility, many people fail to pay bills on time, many of whom have enough money in their bank accounts – they simply forget. Set up reminders automated payments to reap the benefits of appropriate payment behaviors.
Stay away from opening oodles of credit cards, lines of credit, or other forms of debt simultaneously. If at all possible, only open one new account every few months, hopefully proving to credit bureaus that you’re more responsible than you used to be.
Ask a close friend, parent, or family member to add you as an authorized user to their credit card account – if they’re reliable. Even if they don’t provide you with a credit card, you’ll still reap the benefits of on-time, in-full payments.
Pay money down on a secured credit card prior to using one – you’ll never have an outstanding maximum balance again.
Even if you might not readily recall them, Freedom Debt Relief often runs commercials on popular television networks, offering potential clients the freedom of cutting their debts in half, if not further. Freedom Debt Relief was created in 2002, and has since helped over 100,000 clients lower their outstanding debts without filing bankruptcy. Despite what some may think, Freedom Debt Relief is a legitimate company, having earned an A+ rating with the Better Business Bureau.
For details: www.linkedin.com/company/freedom-financial