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.
Build your credit with a debit card
Bad credit history? That means credit anxiety… and not getting approved for things like car loans or apartment leases. But if you aren’t using the Extra Debit Card, you’re missing out. It lets you build your credit history every time you spend money. Don’t worry though… it’s an easy fix.
Extra helps you build credit history every time you swipe your card. Just sign up by connecting your existing bank account, and they’ll give you a spending limit based on your bank balance. No credit check is required. Then, just spend like normal. At the end of the month, they total up all of your transactions and report them to credit bureaus as credit-worthy payments.
In addition to building your credit history, you also get perks just like a credit card. You can earn up to 1% in points for everyday purchases like rideshares, coffees, and your phone bills. And there are no credit checks, interest rates, or deposits required.
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® Scores1 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.
Start working towards a 700+ credit score
If you want to buy a house, car, or make any other important purchase, it pays to have good credit. But what if you have damaging errors on your report, keeping your scores down? Credit help might be a good option to consider.
If you’re not sure where to start, Lexington Law might be able to help. They’re leaders in credit help and know the laws and steps you need to take to work towards improving your credit.
Get started with their free credit report consultation, and they’ll provide you with a free credit score, a credit report summary, and recommendations on how to work to improve your credit. If you find it’s right for you, pricing starts at just $89.85 per month and you could start your journey to improving your credit.
Ask this company to pay off your credit card debt
Credit card debt is suffocating. It constantly weighs on your mind and controls every choice you make. You end up being a slave to the debt. And even though you make regular payments, it feels like you can never make any progress because of the interest.
The Payoff loan is designed specifically to help you get out of credit card debt faster, without having to make drastic life changes. With a Payoff loan, you could pay off your credit card debt (with potentially way less interest) in one simple monthly payment. And rates are as low as 5.99% on loans up to $40k.
BONUS: 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. On average, we find around $500 a year in savings for drivers. 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.