Wanting more of something that you currently have can be done but, what if you want more of something you don’t even have? Like it or not, credit scores are super important. Most milestones in life, such as buying a house or leasing a car, require a credit history, but if your credit score is low (or nonexistent), you will likely find it hard to get approved. The majority of credit cards also require some sort of credit history in order to qualify, with only a handful of cards made for people with no credit. So, what can you do? Follow these easy tips:
- Become an authorized user
For this to work, you’ll need to find someone who loves you very much and who manages his or her money very well. Once you find this very special person who is going to do you a huge favor, explain you have no intention of using the credit card. You just want to be added to their account as a way to build credit.
Make sure you practice responsible behavior as well. You’ll want to make a clear plan for how you’ll pay back any purchases you make with the card, so you don’t risk wrecking up debt on someone else’s card.
- Pay monthly utility bills & cellphone bills on time – ALWAYS!
If you don’t want to use a credit card to build credit, there are some alternatives. A number of financial institutions offer credit building tools. Many services let you get credit for paying monthly utility, cell phone, and streaming service bills on time, which has the potential to boost your credit. And the best part is that, once you establish credit, you can start applying for a credit card!
Congrats! You now have a credit card! What now?!
- Pay twice a month
You might think you’re doing great because you pay off your card every month, even if it’s maxed out. The problem is that your creditors are only reporting balances to the credit reporting companies once a month. If you run up a big balance each month, it could look like you’re overusing your credit!
Instead of paying it all off at the end of the month, split it in two. Pay half of it on the 15th and the other half at the end of the month. This will keep your running balance lower. In addition, if you make a large purchase on your card and have the cash handy, pay it off immediately.
- Negotiate outstanding balances
Maybe your credit score took a dive because you have bills in debt collections. You can’t wipe out past mistakes from your credit report, but you can do some damage control by settling them. A debt settlement company can help you negotiate your debt.
Help! How can I get credit without having any? Review
At Mediator Law Group, we strive to help every client in need. Debt settlement has become a solution for thousands of people across the country and, when managed properly, can result in significant savings. We here at The Mediator Law Group help Americans solve their financial problems and regain their financial freedom with our Debt Resolution Program.
