5 Ways to Raise Your Credit Score without Paying.
Is your credit score stuck in a downward spiral and your either making the same money or less? Well
Good news you don’t have to worry there are in fact a few methods that can help at no cost to you!
A lot of you are probably wondering is this even a possibility? Yes, it is. Now these tips may not apply to everyone but to most of you of course.
- Registering to vote
This is something that anyone one with United States Citizenship can do if they do not have a criminal record depending on the law of the state the individual resides in. If you’re thinking I don’t want to vote you do NOT have to, just register, as you will see that your credit score will soar up. Many may wonder why is this important to lenders, this is because this helps lenders identify you as participating member of your community and with address verified by the electoral roll will present a less chance of fraudulent.
- Increase your credit limit
You might sit there and scratch your head trying to guess isn’t have to much credit the problem? No If you spend above 30 percent of your total available credit then you will negatively impact your credit rating, however the higher your credit limit becomes the less percentage of credit is utilized get it? The next question that comes to mind is will increasing your credit limits hurt your credit score? The answer is no in fact they may help you. In the world of today countless lenders and financial intuitions such as banks will provide you with apps where you can simply request for a credit increase at the push of a button from your phone.
- Close credits that you’re not using
Have any lines of credit from those retailers that sweet talked you into opening them so you could get an amazing percentage off on the products I am sure you do? I myself have fallen for some but after paying the money I owed I shut them down. Why? Simple the longer you keep lines of credit opened the more it becomes a factor of your credit rating yet try not to close your older accounts of credit since it may have a more of a mark on your score; Key phrase: Old is Gold!
- Become an Authorized User
This one may require you to swallow your pride and ask for help from friends and family. Do you have a parent, relative or a friend with good credit that you really trust, and who trust you back? Ask them to add you on add you on to an existing credit card in their possession, if they stay consistently responsible than you shall see your credit rating gradually rise. There is no reason for you to keep a copy of the credit card so that way you don’t use it against their wishes and let them know you don’t need one. Here is where this method can act as a double-edged sword if this generous acquaintance is to fall behind on payments for any reason you will not be required to pay any of the due balance back to the lender but if will make your credit score drop down. Now some people may be standoffish about this due to frauds and trust issues with even their own family members which is understandable, so if they decline feel empathic towards them as they are just looking out for themselves since you could call the lender after they have added you and have a copy of the card she to your place.
- Pay your medical bills last
In 2017 it was declared that your medical debt is no longer reported on your credit but beware of past due medical bills. Fair warning there are many downsides to this as an unpaid medical bill debt may be sold to a collection agency who can report this on your credit report once there they can stay up to seven years from the day of delinquency.
Master of Apps 