Many American’s believe they have bad credit for different reasons.
But, there are a few hidden tricks that millions of people use every day to alter their credit scores. Some of these tricks can change your score instantly. Here are four quick tricks that could change your credit score quickly and easily:
1. You Can Boost Your Credit Score Just By Watching Netflix Or Disney Plus
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 register. Experian will then verify that you have been paying your bills like a cell phone bill, streaming services like Netflix, cable bill, or other utilities on time. Experian will then see if you qualify for an INSTANT credit score boost.
It’s that easy. 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. Results will vary; see Experian’s™ website for full details.
2. Get Access To A $4,000 Loan & Boost Your Credit Score 45 Points
Seedfi is doing it’s best to help families affected by the pandemic by offering people a path to better credit and savings. The Credit Builder Plan allows you to open a savings account that builds your credit score.
When you start your plan you are actually “loaning” yourself money each month. You set the amount and you pick the timeframe (six months or up to two years). There are NO upfront credit checks and all your payments are reported to all 3 credit bureaus. When you’re finished you’ll have a saving account and possibly a 45** point credit score increase.
Plus if you’re in a tight spot and need some extra money, SeedFi has an answer for that as well. Their Borrow & Grow Plan allows you to access up to $4,000 while also building your credit.
Your SeedFi account is FDIC insured like at any bank. If your goal is to get your credit on the right track, you must try SeedFi!
3. Consolidating Your Debt Can Pay Off Big In The Long Run
When you consolidate debt, you pull several levers at once that help. The first positive thing that consolidating your debt does is - Lower your credit utilization ratio. This ratio, a measure of how much of your available credit you’re using, may fall when you open your new debt consolidation account because it will increase your available credit. Lower credit utilization may counter some of the adverse effects of opening a new account.
It will also improve payment history. It will take some time, but if you make payments on your new loan on time, you may see your credit scores slowly rise. Your payment history is the most significant factor in your credit scores.
Fiona is a loan service that can allow you to consolidate your debt on your terms. They work with all types of credit and income levels. Click here to see if you qualify.
4. Use This App To Pay Off Past Due Accounts
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.
After you download the Digit app, it will analyze your saving and spending habits. Digit will then deduct small amounts from your account whenever Digit determines you can afford it. These amounts will vary and can be as small as $1 and as large as $20. This simple, painless saving method adds up quickly. The funds in your Digit account are FDIC insured up to $250,000. Your money is safe!
Not only can Digit help you save automatically, but it can help you also pay off your debt. Digit’s “Debt Reduction” feature lets you make automatic payments to your credit card company or other creditors with the money held in your Digit account. Paying down your debt can your credit score by about 40 points. But remember, results will vary.
**SeeFi customers with fewer than 3 tradelines have seen an average increase of 45 points after 6 months of on-time payments.