Did you know that the average American has a credit score of 700? This number is good, but it’s not great. On top of that, many Americans fall below this average amount because they’re coping with revolving debt expenses, poor purchasing decisions, and more.
A poor credit score can make it difficult to invest in large purchases. Worse yet, improving your credit score doesn’t happen overnight. It takes a lot of time and effort to achieve score improvements, but this doesn’t mean it isn’t impossible. When you want to start rebuilding credit, try these three simple ways to boost your score over time.
Stay on top of your payments
Staying on top of your payments is the best way to improve your credit score. This can take a long time, but paying your bill’s statement balance at the same time every month will prove that you’re a reliable borrower. Payment history is the most important part of the credit scoring system, according to FICO and VantageScore.
Set up payment reminders in all forms
It’s essential that you void defaulting on payments at all costs. These timely payments serve to prove that you can make timely payments to your lenders. As such, you should set payment reminders in your phone, on your computer, in your calendar, and wherever else you might look to organize your month.
Look for other sources of financing
While it’s important to pay off the debts you already have, investing in appliance financing is a great way to improve your life and rebuilding credit at the same time. If you’re looking to improve the safety and efficiency of your home, appliance and furniture financing is the best way to budget your finances for new goods while also rebuilding credit.
If you think you can’t afford appliance and furniture financing, think again: many companies offer bad credit financing at affordable rates to homeowners in a tough spot. On top of that, shifting to Energy Star-rated appliances can lower your monthly bills, saving you more in the long run. This leasing option is also great for young people who may not have an established credit history just yet.
A shoddy credit score shouldn’t keep you from doing the things you love. When you’re ready to start rebuilding credit scores, invest in Okinus credit solutions for furniture financing and more today.