Whether you have bad credit or no credit, having your rent payment information reported to the 3 major credit bureaus — TransUnion, Equifax, and Experian — can be a great way to give your credit score a boost. But how do you get payment information to appear on your credit history? Rent reporting is not
Secured credit cards help build your credit history and improve your credit score in multiple ways. Below are 5 steps that you can take in properly managing your secured credit card to ensure you are achieving the maximum credit boosting benefits available. Step 1: Choose 3 Secured Credit Cards and 1 Credit Builder Loan To
Adding a tradeline to your credit report can significantly boost your credit scores. A single credit score could be easily increased by 20-100 points! Although, the exact point increase will depend on the current state of your credit reports and what kind of tradeline you are opening. When you are looking to add a tradeline
Do you have a credit score that you are trying to reach? If so, you are probably wondering how far a secured credit card can get you towards reaching that goal. While the exact score rise will depend on the individual makeup of your credit and overall financial well-being, you can expect something close to
Having a collection account reported to the credit bureaus is not good for your credit score. But having a collection account removed can be a good first step to take in credit repair. How much your credit score will increase after a collection is deleted from your credit report varies depending on how old the
Achieving the score you want may take a year or more, but it all depends on which secured credit card you choose and how well you manage it. Check out our article, What Is a Secured Credit Card?, to know more about secured cards in general. How Long Does It Take to Build Credit With a
Tradelines can stay on your credit reports for up to 10 years after you close the account. However, suppose you have any negative remarks on the account, like late payments. In that case, the negative information falls off of your credit report seven years from the initial delinquency date. A tradeline consists of any account
When you fill out a rental application for a new apartment or home, the landlord often runs a credit check. So you might expect that your rental payments are shown on your credit report, but they are not. When you are building credit, there are rent payment reporting options out there that can add your
Having collection accounts appear on your credit history is not good for your credit score. The repeated calls from debt collectors are not good for you mentally either. Paying the debt off will end the collection agencies’ incessant calls, but will it improve your credit score at all? Paying off collection accounts can be a
Do you pay for everything with cash or a debit card? If so, this is probably great for keeping your budget on track. Unfortunately, it also means you are not building credit history. If you are only ever using cash or a debit card for purchases, then you likely have bad credit or no credit.
