Your credit score is important when you need to borrow money. A higher score could mean the difference between an affordable and unaffordable payment.

What do you feel when you think about your credit score? For some it’s a source of private pride – for many it’s a pain point. Fixing your credit score takes time, so let’s get started by taking a look at some great tips and tricks you can use today!

Enroll in credit counseling. Where do you start when you don’t know where to start? GreenPath Financial Management Counseling! Their financial counselors are available by phone Monday through Saturday. As a member of Consumers, you are eligible for a free consultation!

Use a credit card. A credit card is a great way to keep that credit score train rolling. Worried about debt? Don’t! Put a tank of gas or a trip to the grocery store on the card and pay it off every month. You’ll help your credit score and won’t have to worry about another debt payment.

Get a small personal loan. A personal loan is a great way to build credit. If you’re looking at a small purchase and you were planning on paying cash, think instead about getting a loan. Set the cash aside and use it to make payments. Yes, you’ll pay interest on the items, but you’ll also build your credit.

 

Repairing your credit

Life never goes as planned. An emergency can throw off even the most tightly balanced budget. If your credit has been damaged, we can help you improve it with our Credit Smart Program. Give us a call or stop by an office today, and let’s get moving toward your goal of better credit!

 

Hungry for more information?

Experian has 7 easy to use tips to help you build up your credit score. For instance, when is the last time you checked your credit report for inaccuracies?

Credit.com offers 11 tips to help you repair your credit. Each time you apply for a new line of credit or loan, you lose 3 to 5 points!

Debt.org provides 12 more ways to build credit. Pay down those “maxed out” credit cards first!

 

Give it time!

Repairing your credit isn’t going to happen overnight. With discipline and hard work, you can typically expect to see an increase within six months. Don’t get discouraged! Working on your credit score not only means that you’ll get better rates on future loans, but it means you’re taking control of your finances, reducing stress and giving you peace of mind.

Stop by an office or give us a call at 1-800-991-2221 to start your journey today.

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