Five Ways to Improve Your Credit Score

Overcoming obstacles to improving your credit score is never as easy as it sounds, and honestly, there are no magic buttons that you can push that will cause your score to skyrocket over the course of a few days, weeks, or even months, but there are steps that you can take that will start you on the path to good credit sooner rather than later.

Here are our top five suggestions for getting started on the path to a better credit score:

  1. Pay your bills on time, every time. Your payment history makes up about 30% of your credit score, so even one late payment can seriously damage your credit score. And remember, it’s not just your credit cards that need to be paid on time. It’s also your mortgage, your car payment, your utility bills, your doctor bills, everything. So sit down every month, every week, or every time you get paid and pay your bills first. Then you can have that new outfit, or that extra night out, or whatever you’ve been craving… just make sure the bills are paid first.
  2. Pay attention to your credit card balances. Sure, it’s easy to tell yourself that you can put that vacation, or that new living room furniture, or even that new television on a credit card, but if that puts you over the 30% usage limit on the card (or on all your cards), then you could see your credit score suffer simply because you’re using too much of your “available credit.” So, do yourself a favor and use your credit responsibly. And in the event that you do have to use more than 30% of your available credit? Pay it down below that level as quickly as you can. Available credit is another 30% of your credit score. Use it wisely.
  3. Pay off any small balances on credit cards. For example, let’s say you have a couple of store credit cards with balances under $100.00, along with a couple of major credit cards, also with balances. Pay off the small store credit card balances first and then use those cards sparingly. Why? Because one of the items that is considered in credit score calculations is just how many of those small balances that you carry. So, the sooner you pay those off, the better it looks when your credit score is updated.
  4. Don’t try to get good debts removed from your credit report. By “good debts,” we mean those paid in full car loans, zero balance credit cards (don’t close the accounts), or even a paid in full mortgage. This illustrates that you have a good history of paying your bills on time, especially when it’s a long term commitment like a home or car loan, and looks attractive to the next lender that you may approach to buy that next car or that new home.
  5. Be careful of the number of credit inquiries you initiate. Although it’s not a huge part of your credit score, every time there is a “hard inquiry” on your credit report, it can and does affect your score for up to two years after the inquiry. So, if you’re shopping for credit cards, or a new car, or even a home, try to keep the number of credit inquiries at a minimum (and within a short time span, if possible). The easiest way to keep your credit inquiries to a minimum? Know your credit score and only apply for those credit cards and loans that fall within your credit scoring range. For example, don’t apply for a credit card that requires your credit score to be excellent if you know that your score is only fair. Instead, apply for a credit card that is specifically for fair credit – you’re more likely to be approved and you’ll only end up with the one credit inquiry.

Remember, when it comes to good credit, it’s a marathon, not a sprint, and time is the best cure that there is for a poor credit score.

First Progress Platinum Elite MasterCard® Secured Credit Card

Credit Cards After Bankruptcy

After filing bankruptcy, getting a credit card can be a real challenge…sometimes even the so called “Fresh Start” credit cards won’t give you the fresh start that you so desperately need. And those credit cards that do give you a chance? Well, trust me, you’ll pay a pretty penny for that chance.  Between the fees they charge just for opening the account and the high interest rate you’ll pay up front, it’s hardly worth getting the credit card at all.
Milestone® Gold MasterCard®

But that’s not the case with the Milestone MasterCard.  Milestone is one of the few truly “fresh start” credit cards.  Not only do they work with people who’ve had a previous bankruptcy, but they even advertise the fact up front.  And unlike those other cards – with Milestone’s competitive interest rate, you may just get that “fresh start” you need to get your credit back on track.

Yes, it is possible to not only get a credit card after bankruptcy, but also to get your credit score back on track.  It takes time, effort, and the right credit card.  Milestone.  Apply for yours today!

Get a Fresh Start with Fingerhut

Need to get a fresh start on your credit right now?  Looking for a fast, easy way to get that fresh start?

One of the hardest things about improving your credit score is having the patience to wait the months and sometimes years that it can take to dig yourself out of the credit “hole” that you’re in, and even worse, it seems like no one will give you the credit you need to actually begin the process of rebuilding your payment history, available credit, and so forth.  It can be an agonizing process… and you can’t afford not to get it right the first time.  (Every time you try for a credit card and are rejected, your score can drop even more!)

Fingerhut Credit AccountRather than take the risk of dinging your credit report for credit cards that you can’t get approved for, why not get that fresh start today with a Fingerhut Credit Account.  That’s right, Fingerhut Credit normally approves almost everyone for an account, and in the event that you don’t get approved right away, they may even offer you a special Fingerhut “Fresh Start” account.  So, either way, with Fingerhut, you’ll only have one credit inquiry on your account.  And at a time when every point matters, that single credit inquiry means a lot.

Once you are approved for a Fingerhut Credit account, you’ll want to use it sparingly and wisely.  Keep your balance around 30% of your total credit availability and make every payment on time, every time.  These are the two most critical areas of your credit report.  Total credit availability and payment history count for about 30% of your credit score EACH.  So, if you use your Fingerhut account properly, you can see significant improvement in your credit score relatively quickly because Fingerhut reports your credit availability and your regular payment history to the credit bureaus EVERY MONTH.  And these days your credit scores are updated several times a month, so every payment, every inquiry, and every purchase you make matters!

Even better, Fingerhut is literally one of the best companies when it comes to credit line increases, special no interest purchases, and super sales!  If you sign up for Fingerhut and you use your account regularly (and wisely), you’ll be amazed at the offers that you’ll get via email and regular mail.  (I recently qualified for their “Major Purchase Program,” where you can buy all new furniture, pay it off in a certain amount of time, and pay little or no interest!)

And the merchandise… there are literally hundreds of thousands of name brand, competitively priced products on their website.  Everything from clothing, shoes, jewelry, and appliances to rugs, linens, and yes, furniture for every room in your house!

When you consider all of the advantages to using Fingerhut to jumpstart your credit score, why wouldn’t you want to open a Fingerhut Credit Account?

Apply here and use the promo code NC248 to get $50.00 off your first order!

Spring Break? Don’t Forget Your Credit Card!

Planning a trip to the beach for spring break?  Don’t forget to take your Indigo Platinum MasterCard when you go!

Indigo® Unsecured MasterCard®Even if you have more than enough money saved to pay for your trip to the beach this spring break, you still should have at least one credit card in your pocket to cover you just in case you have an emergency expense!

What if you have car trouble?  Need repairs?  An accident?  Let’s face it, it’s nearly impossible to rent a car without a major credit card!  And using your debit card just doesn’t make sense… not only will the rental car company hold several hundred dollars on the card, but you’ll also lose the use of that money while you’re away from home!

What if something goes wrong with the rental that you paid for months ago?  What if you need to find a place to stay for even one night in a hotel while you’re gone?  Again, you can use your debit card, but did you have emergency expenses planned into your budget?

If you’re like most of us, you’ve scrimped and saved all year to have the money to take that beach vacation (or you’re using that income tax refund), and you’ve got just enough money to enjoy your week at the beach, or in the mountains, or at that theme park, but you don’t really have enough to cover unexpected expenses like replacing a tire, paying for an unplanned car rental or hotel room.  It wouldn’t take much for your trip to be ruined, would it?

Relax.  The best way to plan for those unplanned expenses is to have one credit card that you only use for emergencies… and the Indigo Platinum MasterCard is just the card that you’ll want to carry with you anytime you’re away from home!

And did we tell you that it might just help you improve your credit while you’re enjoying your vacation?

Pay Off Your Credit Cards!

Drowning in credit card debt?

If you’re like the majority of Americans these days, you’re drowning in credit card debt simply because, with the current state of the economy, you don’t have the money to anything more than the minimum payment due each month, and then, as soon as you’ve paid a credit card balance down even a little, you end up having to use the credit card and you’re maxed out yet again!  It’s a truly vicious circle… and unless you do something, it’ll never change.

Relax… There is a better way to handle credit card debt!

Upstart LoansWith an Upstart Loan, you pay off all those high interest credit cards, and you make only one payment each month for the term of your Payoff loan. Since the interest rate is usually drastically lower with Payoff, you’ll pay less each month AND you’ll be able to pay the loan off sooner than you would have been able to pay off the credit cards.

Unlike debt consolidation companies, Upstart Loans will typically improve your credit score because you’re actually paying off your credit cards, not negotiating for reduced payments, lower interest rates, and so forth.

But, what if your credit is not perfect?

Even if you’ve had a financial setback, you may still qualify for Upstart Loans!

Think you qualify for Upstart Loans?

If you’re serious about getting out of debt, and you meet the above criteria, then Upstart Loans is an option that is definitely worth seriously considering:

Christmas in July?

For the past couple of weeks, I’ve seen lots of Christmas in July advertising… there’s always a Christmas in July Sale going on at one store or another and there’s even a special Christmas in July week on one of my favorite channels.  But let me ask you this.  Are you ready for Christmas this year?  Even if it is only July, have you thought about how you will pay for Christmas this year?

Find out instantly if you're pre-approved with Fingerhut Credit.If your credit is less than perfect, it’s actually time to start thinking about this year’s Christmas season.  Otherwise, December will roll around, and you won’t have the money saved to buy gifts!  And if you have bad credit, getting a last minute credit card set up for the holidays can be tough.  There is a better way!  Why not start planning for Christmas now, in July?  Then, when December rolls around, you’ll be all set!  Believe it or not, one of the best ways to start planning for this year’s Christmas is also one of the best ways to get a FreshStart on your credit!

That’s right, get a FreshStart on your credit AND get the credit you need, and it all starts with a Fingerhut Credit Account!

Setting up an account with Fingerhut has never been easier!  And, Fingerhut has a special program just for those of us with less than perfect credit.  You start out with a lower credit limit BUT if you make your payments on time, every time, they will re-evaluate your account regularly and chances are, your credit limit will increase over time. So why wait?  Get started with Fingerhut today and you’ll be ready to celebrate when Christmas in December rolls around!

Find out instantly if you’re pre-approved with Fingerhut Credit.

  • Shop over 630,000 items from great brands like Samsung, KitchenAid and Dewalt
  • Take advantage of low monthly payments1 with a WebBank/Fingerhut Credit Account
  • Fast, easy online application process and a quick decision
  • Get $50 off of your first order of $200 or more on your new WebBank/Fingerhut Credit Account with promo code NC787
  • 1If you apply and are accepted for a Fingerhut Credit Account issued by WebBank, who determines eligibility and qualifications for the terms of credit

Apply Now! 

A Fresh Start Credit Card to Take With You on Vacation!

Planning a vacation this summer?

Even if you’ve already saved the money for your summer vacation, it only makes sense to have a good credit card available just in case you have an unexpected emergency expense that crops up while you’re away from home.

Indigo® Unsecured MasterCard®You never know when you’ll have car trouble, lose some or all of your cash, or if you simply overspend and end up running low on funds before it’s time to go home.  (Who doesn’t overspend on vacation?)  That’s why you shouldn’t leave home without the security of knowing that you have a way to replace that tire, rent a car, or pay for that extra expense you just weren’t planning for when you were saving for your summer vacation.

But what if your credit is less than perfect? Who’s going to give you a credit card?

Even if your credit is less than perfect, you can still qualify for the Indigo Unsecured MasterCard. Many people qualify even with a bankruptcy still on their credit report, chances are you will too!  Even better, once you’ve got the credit card, Indigo reports your responsible usage and payment history to all three major credit bureaus, so you can continue to improve your credit score!

The Indigo Unsecured MasterCard is a new credit card that’s definitely worth considering, even if you already have another credit card.  Not only is the interest rate extremely competitive, but you can find out if you qualify before it impacts your credit score!  Just fill out the pre-qualification application and you’ll have a decision in seconds.

Indigo® Unsecured MasterCard®

  • No security deposit required
  • Card designs to fit your personality at no extra charge
  • Less than perfect credit histories can qualify, even with prior bankruptcy!
  • Account history is reported to the three major credit bureaus in the U.S.
  • Pre-qualify for a card today and it will not impact your credit score
  • Accepted nationwide wherever MasterCard is accepted
  • Fast and easy decision on your application
  • Protection from fraud, if your card happens to be lost or stolen

Apply Now!

Indigo Platinum MasterCard

If you’re looking for a credit card that’s great for rebuilding your credit rating, especially after a bankruptcy, then you may want to seriously consider the Indigo Platinum MasterCard.

Indigo® Platinum MasterCard®Unlike some of the other credit card choices for those of us with less than perfect credit, the Indigo card doesn’t charge a monthly fee for extending credit (some cards charge as much as $24.95 a month).

The Indigo Platinum MasterCard does have a small annual fee (anywhere from $0.00 to $35.00), but the interest rate is very reasonable in comparison to other cards, and you’ll normally start with a $300 credit limit, so if you’re serious about rebuilding your credit, it may be in your best interest to pay an annual fee to get credit.

Another thing I liked about the Indigo Platinum MasterCard is the pre-qualification process – one of the worst things that you can do if you’re trying to improve your credit is to have too many credit inquiries on your credit report.  With Indigo Platinum MasterCard, you can find out if you’re likely to get the card before they do a credit inquiry!

Indigo® Platinum MasterCard®

  • Pre-qualification available with no impact to your credit score
  • Previous bankruptcy OK
  • Easy pre-qualification process with fast response
  • Free online account access (mobile friendly)
  • Protection from fraud, if your card happens to be lost or stolen
  • Accepted at over 35 Million Locations Worldwide!

Apply Now!


Is Your Credit Card Company Using Your Purchases Against You?

Did you know that credit card companies, banks, and other lenders are increasingly using purchasing data to determine whether or not you are a good credit risk?

Imagine being denied a credit card, car loan, or even a home loan because some little pencil pusher in a back office somewhere doesn’t approve of what you buy using credit cards, your store cards, or even your bank account!  Believe it or not, it can happen.READYdebit® Visa Prepaid Card

Of course, there is an alternative – you can keep those prying eyes out of your business by using a prepaid card when you shop at places you’d rather keep to yourself.   Places like casinos, secondhand clothing stores, marijuana / smoking shops, adult book stores, certain sites on the internet…anywhere that might cast you in a less than perfect sight!

(A prepaid card is also a great way to LIMIT your spending when you go to the casino!  You can’t lose what you don’t have access to while you’re there!)



Few implications you may face for co-signing a loan

In your life you may get trapped into tough financial bind and have to face thousands of odd situations. There can be situations where you have to take out loans to purchase a new car or repay your credit card debts. Your credit score will be quite low and in such a situation you cannot apply for a new credit for your loved ones which is acutely required. The only way you can help them is you have to co-sign a loan for them. Although it’s a helpful gesture to help people in tough times, but you have to consider certain things when you co-sign for a loan.

  • Your credit score will decrease:

If you’re not a borrower and just a co signer for a loan, then also it will be reported to the credit bureaus. This loan will appear both on the credit reports of the borrower as well as the co-signer. Hence, if the borrower fails to repay the amount, then you’ll be responsible to pay the amount and your credit score will be negatively affected.

  • Difficult to apply for a new credit:

If in future you have to take out loans to repay your credit card bills or refinancing your home loans then you may be charged high rate of interest. It’s because, according to the lender you’re liable to pay the loan you have co-signed. Moreover, your debt to income ratio will not be favorable to provide you a new loan. Hence, co-signing a loan might affect your chances of getting a loan in future.

  • You might get sued:

While you co-sign for a loan, it doesn’t mean that you’re only liable to repay the loan amount but you have to take the responsibility of paying the late fees and unpaid accrued interest. If the borrower fails to pay down the amount, then the debt might be handed over to the collection agency and situation will get worse. They may even sue you or the court might order them to garnish your wages and put a lien on your assets.

According to the recent study by the Federal Trade Commission, 75% of all the co-signed loans that have gone into default have been paid by the co-signer. Hence, there are quite a number of potential hazards of co-signing a loan. So if you have to help somebody, then you must limit your liability as a co-signer.