10 Smart Things To Do After You've Been Turned Down For A Loan
Christina Rodgers
When one door closes another one opens! Not being approved for a loan isn’t the worse thing in the world. It can actually be a blessing in disguise. Now you have the amazing opportunity to get your credit on track or apply for a line of credit that may be right for you.
Here are 10 smart things to do if you’ve been denied a loan:
1. Apply For This Interest-Free -$2,500 Line Of Credit W/ NO FICO® Score Checks
Zebit is an online store that offers no interest, no membership fees, and no FICO® Score needed.
Zebit allows its customers access to a $2,500 line of credit to shop thousands of products on their site. Zebit offers members the flexibility to pay for anything they buy over time. This includes gift cards! Zebit members can finance gift card purchases to stores like Macy’s, Target, Lowes, Banna Republic, Old Navy, Gap, and more. Plus, you can also finance gift card purchases to some of your favorite restaurants. Members can use these gift cards to shop. It’s that easy.
Zebit offers every type of product you can imagine on their site. Electronics, computers, furniture, jewelry, clothing, baby items, and appliances. Shop directly from Zebit’s website for major brands like Apple, MCM, Samsung, Fitbit, Kitchenaide, Sony Playstation - you’re not getting cheap stuff!
To qualify for a Zebit account, you will need to be over 18, employed, retired, or disabled with benefits.
2. Register For This App & Try To Boost Your FICO® Score Instantly
Experian Boost™ is a free app by one of the largest credit reporting agencies on the planet.
All you have to do is sign up and verify that you have been paying your bills on time (cell phone bill, streaming services like Netflix, cable bill, or other utilities), and you could get an INSTANT credit score boost. Plus, it’s FREE! There’s no easier way to improve your credit. On average, users see a 13-point increase in their FICO® Score 8, based on Experian data.
Registering for Experian Boost is easy. Just connect the bank account(s) you use to pay your bills. Choose and verify the positive payment data you want to be added to your Experian credit file, and viola, receive an updated FICO® Score. Results will vary; see Experian’s™ website for full details.
3. Use This Service To Create An Emergy Fund & Boost Your Credit Score
Self was built to help people with no credit or bad credit improve their FICO scores. You merely “loan” yourself money each month. You set the amount, and you pick the time frame (1 or 2 years). Self reports to ALL 3 credit agencies!
When you’re finished, you have a nest egg of hundreds of dollars that also earned interest. Your FICO score should be much healthier, and you will be happier. Your Self account is FDIC insured like at any bank, so you have nothing to fear on that note.
If your goal is to get your credit on the right track, you must try Self!
4. Earn Extra Cash Watching T.V. To Pay Off Debts
Everybody loves The Rock! But, did you know some people get paid to watch his movies?
Swagbucks is one of the web’s most popular rewards programs and is partnered with top brands like Amazon, Walmart, and Target. One Swagbucks user from Pennsylvania made over $1,200 in straight cash. Another reported that she earned $450 towards flights with Southwest Airlines Gift Cards.
Here’s how it works. You get cash back when you shop online, take surveys, and more. You can consistently make about $5 per day watching videos on Swagbucks. Redeem points for gift cards to Amazon, Target, Walmart, and more, or get cash deposited into your Paypal account. It takes seconds to sign up, and you can even claim a $5 signing bonus for registering before the end of the month.
5. Cancel Your Car Insurance & Save $960 To Pay Off Debts
What if someone offered you $960.00 in cash? Would you take it? We would! Gabi, an insurance shopping comparison engine, is an essential app that allows average users to save $960.00 a year.
Gabi can help you find and switch to a cheaper insurance rate within minutes - for free! Just download the app, and follow the instructions. Once you’re registered, you will need to allow Gabi to scan your current online insurance account. Gabi is 100% safe and secure.
Gabi will do the rest. Gabi can compare your current rate with other insurance companies like Progressive, Travelers, Nationwide, Kemper, Safeco, and many more.
6. Get This App & Create Your Very Own Emergency Fund
Digit is a handy app that lets you save money for any goal you have in mind. We would suggest using Digit to make an emergency fund and pay down debt.
Digit by analyzing your saving and spending habits, then deducting small amounts from your account whenever Digit determines you can afford it. This simple, painless saving method can add up over time.
Not only can Digit help you save automatically, but it can help you also pay down your credit card debt. Digit’s Credit Card Debt Reduction feature lets you make automatic payments to your credit card company with the money held in your Digit account.
7. Cancel Your Cable TV Bill & Use The Savings To Pay Off Debts
Why are you still spending hundreds of dollars a month on cable TV? Paramount Plus is the new streaming service from Paramount. Paramount Plus has a ton of content – 30,000 episodes of TV and 2,500 movies, plus 36 original series arriving this year. Upcoming shows include two Yellowstone spinoffs, a new Star Trek series and another based on Halo, and new movies like Mission: Impossible 7 arriving 45 days after theaters.
On Paramount Plus, you’ll find live news and sports as well as on-demand shows and movies, including originals, leaning on parent company Viacom/CBS’ brands like CBS, MTV, BET, Comedy Central, Nickelodeon, and Paramount Network, plus its Paramount Pictures movie studio.
Kids may get an amazing deal too. The Spongebob Movie: Sponge on the Run is another Paramount Plus original available at launch. Nickelodeon’s library of nearly 7,000 episodes of kids and family shows includes Spongebob’s CG-animated spinoff Kamp Koral, Avatar: The Last Airbender, Paw Patrol, and iCarly. Millennials will also find seasons of the ’90s shows like All That, Kenan & Kel, and Are You Afraid of the Dark? It’s not Disney Plus, but it’s a pretty impressive collection if you’re into anything Nickelodeon past or present. After the free 30 day trial, Paramount Plus only costs $6 a month.
8. Stop Paying Overdraft Fees
Aspiration is an online-only bank offering most of the services your big bank does, without any of the fees.
What makes Aspiration different? There are zero minimum balance fees, overdraft fees, and ATM fees when you use your Aspiration Bank Debit MasterCard. Your debit card also gets you 0.5% cashback on all purchases - making it a cash-back-card! You get this debit card when you open the Aspiration Summit Checking Account. A checking account with NO monthly fees.
The Aspiration Bank Summit Account is an interest-bearing checking account that you can open with as little as $10. According to the bank’s website, the account earns an APY of 1%, which is up to 100 times better than the interest rate offered at big banks. Open your account to boost your score and save on fees!
9. Use This Service to Remove Negative Marks From Your Credit Report
Dovly is an automated online credit repair solution that can remove errors and misleading information from your credit report. Dovly provides a quick electronic communication with all three credit bureaus and leverages a sophisticated algorithm to optimize corrections that increase credit scores.
Because Dovly is 100% online, it is available 24/7 from any device. There are no annoying call center reps or red tape. Dovly “soft” pulls your credit, shows you what’s hurting your score, and lets you start fixing mistakes in just seconds. 92% of Dovly users see an improvement in their scores in 6 months or less.
Dovly is offering AQuarter Richer readers a special introductory offer. Try Dovly today and get your credit back on track.
10. Use the Credit Score Simulator To See Why You Have A Low Score
The Credit Score Simulator from Credit Karma is a fantastic tool. Use the Simulator to Explore, adjust and ponder, what you need to do to boost your credit score.
The Credit Score Simulator starts with the information in your current TransUnion credit report and explores how changing that information could affect your score. Although these are estimated outcomes, it gives you a quick road map to what you need to do to get your FICO® Score on the right track.