If you’re looking to build or rebuild your credit fast, these are the 3 simple steps you’ll need to follow to ensure that your credit scores are headed in the right direction.
Building Credit isn’t a complicated process if you know what you’re doing and you have the right mentor to guide you through the process. So if you have a 0 credit score or bad credit and you’re looking to build your credit score and establish a better payment history follow the steps in the video above, they will help you to build your credit scores fast.
If you have negative items on your credit, you think you need credit repair or you want Jesse to create a customized plan of action for you. You can schedule a free no obligation consultation here: https://www.BetterCreditGuaranteed.com
Steps to Rapidly Build Credit
1. Authorized User Account:
An Authorized User Account is where a friend or family member adds you to their credit card as an Authorized User, then you adopt the entire history from that card. It can be a blessing or a curse, depending on who adds you. You don’t want to be added to someone’s card if they max out the card and miss payments. We did a Blog post that explains the pros and cons of Authorized User Tradelines: https://www.https://www.bettercreditguaranteed.com/authorized-user-tradeline/
2. Secured Loan / Self Lender
SelfLender.com is a great service that is similar to a savings account with a mandatory monthly payment that reports the payment history on your credit report. It’s considered a secured loan, so at the end of the loan term, you will get all your monthly payments returned to you. It’s a great way to save money while building credit. If you get an account with Self Lender at the same time as following step 1 & 3, your credit scores will start improving extremely fast!
3. Secured Credit Card
Get a secured credit card, I recommend the card from Discover.com/secured. A secured credit card will take a deposit from you of $200-$300 minimum – that deposit will be the new credit limit on your secured card. After you’ve made 9-12 on-time payments, Discover will turn the card into an unsecured credit card with a $2,000-$3,000 limit. This will help you significantly improve your credit and it will ensure that you are doing the right thing for long term gain.
Credit Building Mistakes
Don’t make these credit building mistakes. You want to stay away from Credit Cards that charge you high monthly or annual fees – because when you have good credit, they will still want you to pay these fees. If you close an open/active credit card, it will lower your credit score. So make sure that you follow the steps above to ensure that you are building your credit score the right way and you don’t make any mistakes.
If you have a questions or want to schedule a free credit consultation, where we review your credit report and create a plan of action, visit our website: BetterCreditGuaranteed.com
