It’s 2020 and everyone wants to find new ways of raising their credit score. Fortunately, to aid you in your search, we compiled three brand new ways for you to improve your credit.
Remember, a good credit score can you save thousands of dollars on your interest payments and bolster your employment opportunities. Keep reading to find out how you can increase your credit score today.
1. Hire a Credit Professional
For years, credit repair companies have been helping consumers repair their credit and raise their credit score. Backed by a team of credit experts and inhouse legal teams, they know the ins and outs of repairing your credit.
These professionals leverage laws afforded to you by the Fair Debt Collection Practices Act (FDCPA) to dispute and remove negative items from your credit report. On your behalf, they will escalate all errors on your credit report to the three credit bureaus and will present your case to remove these items.
Unfortunately, the credit repair industry has a bad rep thanks to a few scams; however, there a legit credit repair companies that are legit and put the consumer first. Like you, they are eager to see you raise your credit score and enjoy a financially free life. That is why they are in business.
2. Buy a Tradeline
Another unique and relatively new way to bolster your credit is by purchasing a credit tradeline. If you do not know, a tradeline is any account that appears on your credit report. For example, mortgages, credit cards, and student loans are all examples of a tradeline.
Buying a tradeline allows you to piggyback off of someone else’s strong credit habits, such as making payments on time and not over leveraging debt. Their habits will help you increase your score. Above all, purchasing a tradeline will show you what credit habits have the most impact on your credit, so pay attention. The best tradeline companies make it easy to buy and sell tradelines.
3. Give Experian Boost a Try
Experian Boost is a FREE tool provided by Experian. On average, consumers see a 13-point increase in their credit score. Here is how it works. Traditionally, the credit bureaus do not use previous payments made to Netflix, a utility company, or a phone bill towards your credit.
But Experian does. It will scan your bank account and will give you ‘positive credit’ towards made payments to one of the three items we list above. I know, sounds too good to be true, right? Experian Boost is that good and will raise your credit score. If you are eager to know more about this FREE credit tool then read this Experian Boost Review.
That’s a Wrap
There you have it. These are three of the most uncommon ways to raise your credit score. With just a little bit of research, you very well could increase your credit score today. Gone are the days where you have to pay thousands of dollars in interest payments. Raise your credit score today and refinance your loans!
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