A healthy credit history and a high credit score can and will provide most consumers with the opportunity to get approved for the loan and credit products and services they need. Regardless of what your income is or how much you’re able to save every year, good credit should be the backbone of your financial life.
What Happens When You Have Bad Credit?
No one ever sets out to have bad credit but unfortunately, sometimes it happens. Mistakes happen, life gets in the way, and before you know it your credit score has taken some serious hits over the years and it’s officially starting to affect your future. So what do you do now?
Consider a Credit Building Program
The Rebound Finance credit building program allows you to be to added to an individual’s credit card account. Your low credit score will benefit from this person’s healthy and stable credit habits. This credit building program is one of the easiest ways to build and improve your credit score and the best part is, you can just sit back and watch your credit prosper. Click the button below to get started.
Try Out Credit Repair
Contrary to popular belief, bad credit doesn’t always come from irresponsible financial habits. Often bad credit is created by mistakes and errors on your credit report. These mistakes are just that, a mistake and are typically unrelated to anything that you, as the consumer, have done. But that good news is you can be proactive, check to see if there are any errors on your credit report, and have them corrected. For more information on how credit repair can help you improve your credit, click the button below.
What Happens When You Have No Credit At All?
Everyone starts out with no credit history or credit score, but you can create your own credit history and score through the use of credit and loan products. Having a long and healthy (no missed payments) credit history will open up doors and make the process of applying for larger loans like a mortgage in the future all the more easy. So how do you build credit from the ground up?
Take Out a Credit Builder Loan
For those consumers who are new to the country or have never had an opportunity to create a credit history, a credit building loan is a great way to build and improve your credit score. With this type of loan, you’ll make small affordable monthly payments which will be reported to the 3 major credit bureaus. Once your loan term comes to an end you’ll not only walk away with cash but you’ll have built yourself a credit history and score.
Use a Credit Building Credit Card
Credit cards are a convenient and easy way to build credit and that’s why they are typically a consumer’s first foray into the world of credit, credit scores, and credit reports. Simply pay for gas or one of your other monthly bills with your credit card, always pay it off in full each month and build a credit history and credit score, from the ground up, for yourself.