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.
Start improving your credit history with this new card
The Secured Chime Credit Builder Visa® Credit Card lets you build credit with everyday purchases and on-time payments. And it works even if you don’t have any credit history or you have bad credit history. 1
Just apply for Chime Credit Builder and move your direct deposit bank account to your Credit Builder secured account. Then, add money and spend with it like normal. 1
Unsure if Chime Credit Builder actually works? Most users see an average FICO® Score increase of 30 points. 2 The card has no interest, no annual fee, no credit check to apply, and no minimum security deposit. 3
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 4 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.
Don’t try to fix your own credit
It’s true. You can 100% work to remove damaging errors on your credit report all on your own. You don’t “need” a credit repair service. But there’s one glaring issue with this approach.
While people are quick to point out that you can “DIY” your credit repair, they never tell you the drawbacks …
Like how aggressive debt collectors can be.
How you’re constantly “gaslit” by them.
Or how emotionally exhausting it is.
There’s a better, faster way: Sign up for Lexington Law Firm.
Yes, it costs a bit of money. But they know the laws and strategies to help you remove errors … and start working to help you get the score you deserve. You’ll never have to make calls or deal with harsh debt collectors yourself.
There’s no long term commitment and they even start you off with a free credit assessment so you can see any errors you currently have on your credit.
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.