Let’s be honest here. Everyone wants to have a great credit score so that they can qualify for great loans and leases. Unfortunately, a lot of people have poor credit scores due to some of their bad habits. Some of it includes buying things that they cannot afford. Other things include just simply not paying it off in time or making the minimum payment every month. This is what the credit card companies want but it is definitely something you shouldn’t want. Every time you rack up more and more debt, the amount you pay with interest becomes greater and greater. The good news is that with the implementation of some good habits, you too can have a better credit score in the future. It may take some work but it is definitely possible. In this article, I am going to be breaking down ways on how you can better your credit.
- Buy what you can afford
This is pretty straightforward advice but many people do not abide by it. When purchasing things on credit, you should only buy what you know you’ll be able to pay back at the end of the month. Unless you are in a crisis and you have absolutely no money saved, credit should be your last resort. And don’t just make the minimum payment but rather pay it off fully each and every month. This builds your credit score and will allow you to rack up rewards points.
If you are forgetful like I am, it may be a great idea to set payment reminders. This way, you will ensure that every card gets paid off on time without any hassle or frustration.
If you are looking for a company to go with, choose GreenSky Credit. GreenSky Credit has over 12,000 merchants ready to help you. Over the years, GreenSky Credit has funded over $1 billion in loans and have satisfied over a million customers. GreenSky Credit is committed to helping you out with your financing needs.
Another figure that I would highly recommend looking into would be Sahm Adrangi. He is a great leader in the credit industry.