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Credit 101: UPDATE How I Grew My Credit Score to 777 -
I’m assuming you think its gonna take years and years and that you have to have a lot of money to get a high credit score. Fact of the matter is you can have $3.21 cents to your name and your credit score be 850 Or if you want a car soon I kept all of these practices in mind and it worked when I applied for a 14,000 used car with a cosigner, my personal score then was about 716. A monthly note for $265, down payment $0.00. I’m Going to Teach you How I Built My Credit Score to 777 Quickly Read this post or listen on the podcast What did I do? I made purchases and paid them off in full, and on time. Literally, I would deposit what I just spent, wait for the total to post to Discover, PAY IT OFF IN FULL, Repeat. Word to the Wise: Read all fine print: if words like APR & Interest rate are unfamiliar I explained those terms in this post. How I Beat The System Elsewhere, I detail that there are other ways to build credit with retail cards, by making small purchases, and paying that off on time. For example, you’re building credit if your name is on a current: car note, phone bill, monthly rotating bill(s)/subscriptions like Netflix and Hulu etc… Even gas credit cards can boost your score in about 3 months. Following my rules below will help guide you, but your results depend on you. via GIPHY Only charge what you already have in cash. Credit card companies, and loan offices make money from your debt. PAID IN FULL needs to become more than just a movie. Let it be the motto. Aim for cards with no annual fees. No, or low APR between…