Rebuilding credit doesn't have to be hard. With s.m.a.r.t. credit goals and proper usage, you can have better credit. You could get every incorrect item on your credit deleted, but if you don't have positive tradelines or credit accounts, nothing will come of it.
Some credit tips to remember:
Keep your credit balance below 30% of the limit (Ie: $60 for a $200 credit limit)
Try not to borrow more than you can pay back in a month
Do not max out your credit cards
Be sure to pay your credit card bill early or on-time
Two (2)- three(3) positive credit lines and a Savings account credit builder can help you improve your score fast!
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In today's climate identity theft is more common than it was before. The best way to stay on top of that is to monitor your credit. The more you know the better you can prepare to overcome any situation that may come.
With our preferred credit monitoring provider, you will have access to your credit report and scores every 35 days. Plus you have the added benefit of seeing real-time changes to your credit report.
Stay ahead of the game and monitor your credit today!
Savings account credit builders
Savings account credit builders are a great way to save money for a down payment for a home, car or vacation without the risk of dipping in. This type of account allows you to save money while reporting the payment to your credit. How great is that? Once you are all done saving you get what you saved plus interest.
Secured Credit Cards
A Secured credit card is a credit card that requires the borrower to secure the credit limit with their own money. That money is held in a savings account until you prove that you can use credit properly. You are securing the credit limit with collateral. For example, if you are approved for a secured card and most people are, you would put $200 into a savings account. That deposit of $200 becomes your credit limit! You would not be able to use the money to pay the bill but would receive it back after you prove you can handle the card.
Secured credit cards, like Credit builder card,are an excellent way to rebuild credit. They can be used like a regular unsecured card after the deposit is made.
Unsecured Credit Cards
Unlike secured credit cards, unsecured credit cards do not require a deposit. This type of credit card can be used anywhere and has varying interest rates.
Some will have an annual fee and allow rewards a with usage.
Click below to learn more about these positive credit lines!