Fix your credit with these under utilized techniques
Boost your FICO 🚀
Improving your credit score can feel like a daunting task, especially if you’re unsure where to start. While many people know the basics—like paying bills on time and reducing debt—there are several lesser-known strategies that can make a significant impact on your credit score. At Credit Services of America, we want to help residents of El Paso, TX, discover all the ways they can boost their credit. Here are five underutilized methods to consider
1. Dispute Inaccurate Information on Your Credit Report
One of the most effective ways to improve your credit score is to ensure that all the information on your credit report is accurate. Many people don’t realize that errors or outdated information can significantly impact their credit. Regularly check your credit report for any inaccuracies and dispute them with the credit bureau. Removing even a small error can lead to a substantial boost in your credit score.
2. Become an Authorized User
If you have a trusted friend or family member with good credit, ask them to add you as an authorized user on one of their credit cards. As an authorized user, you can benefit from their positive credit history without the responsibility of managing the account. This strategy can help improve your credit score quickly, as long as the primary account holder maintains good credit habits.
3. Negotiate 'Pay for Delete' Agreements
For those dealing with collection accounts, a “pay for delete” agreement can be a powerful tool. This involves negotiating with a creditor or collection agency to remove a negative item from your credit report in exchange for payment. Not all creditors will agree to this, but it’s worth trying, especially if the collection account is significantly hurting your credit score.
4. Utilize a Secured Credit Card
Secured credit cards are an excellent option for individuals looking to rebuild their credit. Unlike regular credit cards, secured cards require a cash deposit that serves as your credit limit. By using the card responsibly—making small purchases and paying off the balance in full each month—you can demonstrate good credit behavior and gradually improve your credit score.
5. Use a Credit Builder Loan
A credit builder loan is specifically designed to help people improve their credit scores. With this type of loan, the money you borrow is placed in a savings account and you make monthly payments until the loan is paid off. Once you’ve paid off the loan, you get access to the funds. This process not only helps you build savings but also adds a positive credit history to your credit report, which can improve your score.
Improve your Credit Today
Improving your credit doesn’t have to be a mysterious or difficult process. By exploring these underutilized strategies, you can take proactive steps toward a better credit score. At Credit Services of America, we’re here to help residents of El Paso, TX, navigate their credit journey. If you need personalized assistance or want to learn more about how we can help you fix your credit, don’t hesitate to reach out to us today.