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Credit builders that report quickly
Building credit is an important part of improving your credit. Far too often the borrower does not have sufficient credit to establish history or allow for score growth. It may feel counterintuitive, but having well managed debt can be to your benefit. Prudent credit use shows that you can manage your finances well. Here are some examples of easy to obtain credit building tools –
Self Credit Builder: Build Credit. Build Savings. Build Dreams.
CreditStrong: Get a Credit Builder Loan that Builds Credit and Savings
Experian Boost – Improve Your Credit Scores Instantly for Free
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This discussion was modified 1 year, 8 months ago by
Eric Jeanette.
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This discussion was modified 1 year, 8 months ago by
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4 Replies
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Thank you for sharing this Michelle…
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I have helped dozens if not hundreds of borrowers get their credit scores to over 700 FICO from the date of their bankruptcy discharge. After helping countless borrowers with rebuilding credit after bankruptcy or those with bad credit rebuild credit, I helped myself after Chapter 7 bankruptcy as well. I waited filing bankruptcy since the financial crisis of 2007 but had no choice but to file bankruptcy in 2019 because my judgments got renewed. My bad credit was hindering me getting licensed in states for my mortgage license. Once I got my bankruptcy discharged, I opened up five secured credit cards, got three credit rebuilder cards, and got my credit scores to 720 in twelve months. Michelle McCue is correct. Get those secured credit cards and credit rebuilder accounts.
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Thanks Michelle on sharing the credit Rebuild links. Ww need more resources on rebuilding credit for our clients. We need tips on how to fix the late payments in the past 12 months. Late Payments in the past 12 months is the biggest issue facing borrowers.
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Quick Credit Builders for Improving Your Credit:
We all need credit at some point in our lives. Investments and loans are impossible without credit. So, how do you build such an important asset? Here are a few tips to help sustain and build your credit.
Secured Credit Cards: These are credit cards secured with deposits. Most banks offer these cards to people who want to build or repair their credit scores.
Check out Self Credit Builder. The platform allows you to take a loan only to place it in a CD (certificate of deposit) until it is completely paid back.
CreditStrong is a company that allows you to create “credit builder loans” that help people build both money and their credit.
Benefits: Like borrowing a monthly amount from self-insured funds, once the loan repayment is made, the borrower will get back the amount set aside.
Reporting: Payments are submitted to the credit archive, thus facilitating the elevation of one’s credit scores.
Experian Boost
Overview: This additional free service will allow heaters to allow heaters to report phone bills, utilities, and other monthly monthly payments to the user’s accountant accountant.
Benefits: Existing accounts can probably provide a quicker improvement in credit scores.
Reporting: Various changes appear shortly after the action, which allows the score to be improved simultaneously.
These mechanisms to improve credit ratings can positively change credit profiles, provided they are used prudently. They easily prove factors ahead of debt management and increase credit scores over time. Payments must always be remembered, as must timely submission of the credit report for progress.