Having bad credit today doesn't doom you to have bad credit forever. It just means you've got a little work to do in order to see your credit score rise. By taking control of your finances and making smart moves, better credit can be in your future.
Luckily, there are new tools that can help you build better credit. Some could even help you improve your credit score today. We've rounded up some of our favorite ideas for anyone who is ready for better credit.
Use this little-known tool to get revolving credit, even if you can’t get approved for a credit card
One of the factors that impacts your FICO score most is your “revolving” credit — the type you get with a credit card or home equity line. The problem is, it’s hard to get approved for a credit card or loan if you don’t already have good credit.
Revolv could be a solution for that.
Revolv 1 adds up to $1,000 of revolving credit to your credit profile. No credit check required. This could help boost your credit score by improving your credit mix and optimizing your credit utilization.
If you’re serious about building your credit it could be right for you. The account does not have any set cost but if you pay a voluntary $20 or more per month (proving your ability to make on-time monthly payments), Revolv 1 will increase your revolving credit, AND 100% of each payment you make goes into savings for you to access later.
Increase your credit scores instantly, for free
Your credit scores affect whether you can get approved for a loan, a credit card, or even a new job. Usually it can take weeks or months to improve your credit scores, but there's an innovative new feature that could help you raise your FICO® Scores 2 instantly.
Experian Boost® can help you get credit for making on-time payments for your phone and utility bills. The process takes just minutes and if qualifying payments are identified, you can include this positive information in your Experian credit file. (Don't worry: If you have any negative marks, those won't count against you.)
Since launching, Experian Boost has collectively increased FICO® Scores across America by over 10 million points. It's 100% free and new potential credit scores take effect immediately.
Sign up for Experian Boost now
Start building credit without a credit check
To build credit, some experts recommend you open a credit card account and pay it off every month. But it’s hard to get good credit cards if you’ve accidentally overspent in the past.
If you want to build credit the straightforward and affordable way, check out Kikoff.
Kikoff helps you build credit by establishing a payment history and maintaining a low utilization rate, with no fees or interest. Purchase the credit builder service for just $5/month 4 and you’ll get a credit line reported as $750 5 to Equifax and Experian every month.
On average, Kikoff users starting with credit scores of 600 and below see a boost of 58 points. 6 Just enter your email here and you could get instantly approved. No credit pull required!
Cancel your car insurance
We've got bad news. You could be wasting $500 every year on overpriced, second-rate car insurance. And you should probably cancel your existing insurance right now, because there's something much better.
This new tool from FinanceBuzz can tell you if you're overpaying for your car insurance in just a few clicks. We match drivers with companies that report saving drivers up to $500 or more per year when they save! Each driver’s savings will vary by driving history and how many discounts you’re eligible for. And once you try it out, you'll never have to look for affordable insurance again because we find you the lowest rates that other companies can't match.
Oh, and it's also free. And come on — you can't tell us you don't want to save up to $500. To find out if you're losing up to $500 or more a year, just enter your zip code here, answer a few questions and see if you're overpaying. It takes less than 2 minutes.
CreditStrong Credit Builder Benefits
- Could positively impact factors that determine up to 90% of your FICO® Score
- Helps you build revolving credit without a credit card
- No hard credit pull required