How To Improve Your Credit Score Fast | Go From Bad To Good Credit
Having bad credit sucks. The most obvious solution is to pay off your debt, but let’s be real, if you had that kind of money sitting around you wouldn’t need to get credit in the first place.
But being low on funds doesn’t mean you can’t make some progress. So in this video, I cover a few steps you can do to improve your credit score without having to pay anything. I will state here that IT DOESN’T MEAN YOU DON’T HAVE TO PAY YOUR DEBTS, but it can help you improve your score and get in a better position – help you qualify for an apartment, get better interest rates, and even potentially lower home/auto insurance while you work on your debt.
01:21 Understanding how your credit score is calculated
02:00 Remove late payments from credit report
04:33 Becoming an authorized user
05:35 How to lower your credit utilization?
09:53 Experian Credit Boost
Get credit for paying rent
10:55 Let foreclosures/bankruptcies/inquiries etc fall off your credit report
13:13 Good credit behavior
How to get started
14:41 Get your credit score:
Credit Karma free score (FREE):
Credit Sesame free score (FREE):
MyFico Score (Most Accurate FICO):
Check your credit report for free
15:21 Free credit report:
Consolidation loan providers:
Payoff(For 640+ credit scores):
Credible (Apply one place and get multiple rates):
A little more info on statues of limitations
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DISCLAIMER: We are not financial advisors. Our videos are for educational and informational purposes only and merely cite our own personal opinions and experiences. Everyone’s situation is different. Only you know your finances, your goals/values, timeline etc. As a result, this video should not be considered financial or legal advice. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won’t experience any loss when investing. Finally, we are all about you being smart with your money, so always remember do your own research to determine if statements are right for you, and get help when you need it.
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