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.
See if you can raise your credit scores in real time
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.
Save an average of $560/year on car insurance
You don't need to have excellent credit to get a better deal on car insurance. With driving and auto insurance claims down, insurance companies are offering discounts.
With Insure.com, you fill out one simple form, and in minutes, you'll get a selection of personalized quotes. You'll be able to see the best prices from top insurance companies, all in one place, then pick the one that saves you the most for the coverage you want.
On average, drivers save $560/year when they use Insure.com.
Pay off your debt without breaking a sweat
Wouldn't it be nice to finally get out of debt? It's possible if you save a little bit (only what you can afford!) every day with Digit.
Digit is like your smart financial assistant, dedicated to helping you achieve your financial goals. Just tell Digit what your goal is — maybe it's paying off credit card debt or finally building that emergency fund — then let their sophisticated algorithms do the rest.
Digit will analyze your spending habits then automatically move the perfect amount to your secure Digit account. You'll start saving without even thinking about it or changing your lifestyle.
Digit has already helped its users pay off over $150 million in debt!
Budget better and trim up to $720 from your bills
Missed payments can spell trouble for your credit. A budgeting app like Truebill can help you take control of your money — spend intentionally on the things you value and stop missing payments.
Once you have a complete picture of your finances, it's easy to spend smartly and work towards better credit. And Truebill can also help you find ways to save money. Their expert negotiators can call the cable company and phone company to help lower your bills. They'll also help you cancel unwanted subscriptions and put that money back in your bank account where it belongs.
Truebill has already helped save its members over $50,000,000 on their bills without much time and effort.
Crush your debt with a historically low interest loan
If you’re looking for a chunk of change and earn more than $20,000/year, a personal loan could be a good option.
Our partner AmOne will match you with loan providers to fit your specific needs. In only 2 minutes, you could get matched for a loan up to $50,000 and rates as low as 3.49%.
Why not see if you qualify? It will NOT affect your credit score.
Boost your credit an estimated 53-187 points
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, The Credit People can help. They’re experts in credit help and know the laws and steps you need to take to improve your credit easily and efficiently.
Instead of charging wild fees, they keep their service simple — it costs just $79 per month — and they offer a 100% money-back guarantee. Most clients see results in less than 60 days, meaning your credit could go up an estimated 53-187 points in just two months.
Check your scores anytime, anywhere, without paying for it
Your credit score has a huge effect on your financial life, affecting your access to loans, credit cards, and favorable interest rates. But if you don’t know what your credit score is, you could be missing out big-time on boosting your credit and improving your finances.
Credit Karma makes it easy to check your credit score as often as you want (for free), without lowering your score. Inside the app, you’ll get a full overview of your credit history, along with active credit monitoring, where your credit is falling short, and recommendations on how to improve it.
Best of all, Credit Karma is totally free. With easy access to your scores and simple recommendations on how to improve your credit, Credit Karma could help you boost your credit with ease!
Build for your future - Get $5 to start investing
Taking steps to improve your credit can be a great way to build for future. Another great way: start investing. Even if you don't have a lot of money to invest, you don't have to let that stop you — you can start investing with just $1.
Stash was built to help beginner investors get started. You can buy fractional shares (partial shares) in companies that are household names like Apple, Google, Amazon, and more5. Normally a single share of these companies could cost hundreds or even thousands of dollars, but you only need $1 to get started with Stash.
If you're thinking about saving for retirement, you can start investing in an IRA and enjoy the tax benefits that come with retirement accounts. Stash also offers tools and guidance to help you along the way and you can use the Stash app to track your investments from anywhere.
As a bonus, Stash will give you $5 to invest after you deposit $5 or more into your personal portfolio.3
Bonus: Protect your credit and identity with up to $1 million in insurance
Identity theft can severely impact your life. If your identity is stolen and you don’t find out about it early enough, it could impact your credit and finances for years to come — and you could even be liable for the damages.
Identity Guard can help keep you informed about bad actors trying to steal your identity online. Their comprehensive service helps over 47 million customers stay protected and secure across all their online activities.
With Identity Guard, you get access to real-time monitoring and $1 million in identity theft insurance4 for as little as $6.67 per month. They’ll even alert you when potentially suspicious activity is detected so that you can keep your identity and credit safe for years to come.