As the new year is now in full swing and we’re headed toward spring, there is still plenty of time to make this year a better one for your credit. Having a decent credit report is vital to your future opportunities. Lenders are quick to check out your credit when making decisions about your interest. They will also determine whether they will give you access to things you need or want. The good news is you may see a modest increase in your score if it’s low by implementing some simple fixes. Here are four tips for better credit in 2021.
One mistake a lot of people make is to ignore their credit score. When you don’t pay attention to your credit, there’s a chance something can slip through that shouldn’t be there. It could be a simple error, or it might be something worse, like fraudulent activity. Whatever the case may be, you can keep your eyes on your credit by using a credit monitoring service. This will ensure you are catching anything that shouldn’t be there.
Experian Boost has a service out that will give your credit a boost. This service allows you to add bills like your cell phone, Netflix, internet, utilities, and cable to your Experian credit report. If you are always paying your bills on time, this will help you with the credit bureaus. The great thing about Experian Boost is that it provides an instant boost because of the way it works. You connect your bank account to the system, and it analyzes your payment history for those bills. If you’ve been paying them on time, then you’ll see an increase in your score. Just make sure you only add the bills that you have been paying on time. You’ll also be glad to know this service is free.
Some people need a little help building their credit because they just don’t have any. Maybe their credit isn’t really bad; it’s more like non-existent. This could be more common with young people just starting out, but it is difficult if you want to purchase a house or car. However, you can build your credit from nothing to something by getting a credit card. Once you have it, use it every month and pay it off at the end of the month. For example, you could make it your auto fuel card or grocery expenses card. Then you won’t have any problems paying it off monthly.
Make sure you get a credit card that will be best for credit building, such as a secured credit card.
There may be things on your credit that need to be repaired. A credit repair business such as Credit Diva of Dallas can take a damaged credit report and repair it for you. Through an aggressive process, Credit Diva helps dispute errors, negotiate debt, and coach you all along the way. Getting your credit report repaired will save you money by ensuring you have the best interest rates. It also provides you with more opportunities to purchase the things you want and need.
There is no time like the present to get your credit in order. Reach out to Credit Diva of Dallas to get started with a no-obligation consultation. Find out how you can begin to make progress on your credit score now.