With the average credit score among twenty years only being a 662, it is safe to say that consumers are looking for quick, legal, and safe ways to raise their credit score. However, in an era where the opportunities seem endless, it is easy to get boggled down and confused about what opportunities exist.
Fortunately, we did the research for you, and put together a list of three easy ways for you to increase your credit score. It is important to note, that these ways are used by millions of Americans every year. They are regulated by the Government, legal, and 100% legit. Shall we begin?
- Consider Purchasing a Tradeline
Do you struggle with paying your payments on time? What about paying your balance down each month? These are just a few issues consumers around the world face on a monthly basis. With a purchased tradeline, you essentially ‘buy’ your way into someone else’s credit and piggy back off their strong credit habits. Ultimately, with a tradeline, your credit score will increase overtime as your credit feels the positive effects of paying off your credit card debt each month, making routine payments, and not overspending. However, it is important to note that three credit bureaus frown upon this practice, but it is 100% legal and a rapidly growing industry. In fact, the three credit bureaus are starting to accept this practice as more and more consumers are turning to tradelines to bolster their overall credit health.
- Work with a Credit Repair Company
Ever heard of a credit repair company? I hope so. Believe it or not, you may have negative items on your credit report that are holding down your credit score. Whether it is a late payment, repossession, or bankruptcy, a credit repair company can help remove these negative items from your credit report. On your behalf, they will draft and file disputes with all three credit bureaus. Additionally, they will open up their repository of financial information to help educate and train you, so you can start forming strong credit habits.
It is important to note, that partnering with a credit repair company is never a guarantee. However, they bring years of industry experience and have results to back up their claims. Make sure you partner with a company that has been in service for years, has positive customer reviews, and is within your budget.
- Try Out Credit Repair Software
Like a credit repair company, credit repair software will guide you through the repair process. While the software will not fix your credit, it will walk you through each step to successfully repair your credit yourself. This option is best for those who prefer a ‘do it yourself’ approach. However, the best credit repair software is often expensive and time consuming. Nevertheless, it is still a great option if you are struggling to raise your credit score.
Benefits of Raising Your Credit Score:
As you can imagine, there are quite a few standout benefits of raising your credit score. First, a good credit score will allow you to refinance your loans for a more competitive interest rate, and you can apply for a credit card with better benefits. Furthermore, employers are increasingly turning towards reviewing an applicant’s credit. So, if you want to set yourself up for your dream job, then you better hope your credit score is good. While it may seem nerve-racking at first, these are the best options for consumers when it comes to raising their credit score. Make sure to do your research, read previous customers responses, and analyze each option carefully. But remember, the earlier you start the better. You want to resolve your credit issues immediately and begin forming good credit habits.