One of the hardest, but most rewarding things in life is paying off debt. Whether it took years, or you were given a very generous birthday gift from your grandma, its satisfying to finally start building a financial future based on planning and saving.
But did you know that not using credit of any kind can actually hurt your credit score making it harder to get approved for a car loan? Its true, so before you swear off using your credit card forever, here are 3 simple ways to get your credit score into great shape.
1) Get a low-limit credit card and use it carefully
While you might be able to pay your way without credit, having a credit card and making regular payments are a great way to improve your score. The best strategy is to get a low-limit card to reduce temptation, and pay it off in its entirety every billing cycle. Even if it is for a very small item every month, your credit score will only show that you made payments on time and will begin to improve. Bad credit doesn’t last forever!
2) Finance a larger item, like a vehicle
Auto Credit YYC is designed to assist people in getting approved for vehicle financing, regardless of their credit score. By finding you a vehicle and creating a payment plan that fits your budget, you can start rebuilding your score by making payments on time and in full. All while driving your awesome new ride!
3) Find a credit solution program that works for you
Sometimes getting assistance in managing your payments is the best way to ensure you stay out of debt. By having a third-party company help create a credit rebuilding regimen, you can take the stress out of managing your finances and fast track your progress. You don’t have to figure it all out by yourself!
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