Building Credit Archives - Moving 2 Brevard

Jan202021 by Ian JensenNo Comments

How to Start Building Credit Once You Turn 18

Building Credit, Credit Cards, Debt, Hard Money Loans

Good credit is crucial to unlocking many financial opportunities in life. When you have aÂ great credit score, you can get lower interest rates on car loans, credit cards and mortgages. Some employers and landlords even check credit reports before they make a job offer or approve a resident application. While developing a solid credit history takes time, follow some of these tips on how to establish credit once you turn 18 to get started as soon as possible. 1. Understand the Basics of Credit Make sure you understand the basics of how credit works. Your credit reports are maintained byÂ three major credit bureausâExperian, TransUnion and Equifax. It contains data on your current and past debts, payment history, residential history and other facts. This data is supplied by lenders, credi...

Boost Your Credit Score: 8 Helpful Credit Monitoring Apps

Building Credit, Debt, Hard Money Loans

Maintaining a healthy credit score requires a good bit of focus, determination and hard work. Thereâs a lot to keep up with: We need to pay ourÂ bills on time, reduce debt and maintain a low debt-to-credit ratio, among other requirementsâall to ensure a top-notch credit score. We can use all the help we can get! To that end, here are eightÂ credit monitoring appsÂ that can help keep your credit building on track. 1. Credit.com One of the only truly free credit monitoring appsâmost others require you to have a paid subscription to their digital service in order to use the âfreeâ appâthe Credit.com mobile app allows you to access your entire credit profile, including your credit score and insight into how it compares to your peers. Youâll see where you currently stand, see how...

How to Use Your Cable Bill to Build Credit

Building Credit, Hard Money Loans

Cable companiesÂ aren’t in the habit of reporting your payments to the credit bureaus, at least when it comes to your traditional credit reports. But if that’s something you want, there is a way to getÂ those monthly bills to helpÂ your credit score. Simply put, consider paying for cable with your credit card. Unlike cable providers, credit card issuers do generally report to the major credit reporting agencies, so using your plastic toÂ pay for a bill that you’re already in the habit of covering from month to monthÂ can help you build a payment history, the single biggest factor in establishingÂ credit scores. Find Your Card Now Privacy Policy Of course, for this strategy to work, you have to pay that credit card off on time and, ideally, in full. Otherwise, it will hav...