Well, here we are. The Process has finally paid off. The 76ers have ridden an incredible 16-game win streak directly into a number 3 seed in the playoffs. The Sixers are a dark horse to go the
3 Ways To Build Credit
Ready to buy your first home – or ready to upsize or downsize? Your first step might be to check your credit score. While it’s not entirely impossible to buy a house with little to no credit, having a good credit score will make the process much easier and cheaper in the long run.
If you’re like many first-time homebuyers who aren’t sure how to begin building credit, here are a few things you can do. Keep in mind that you can’t build your score over night, but keep with these tips for six months and you will start to see results.
1. Get a secured credit card
The trouble with credit is that without any it is hard to get a credit card in the first place. However, many companies have secured credit cards, meaning that they ask you for a deposit to secure your account in case of default. Don’t apply for more than one card at a time and don’t close the account once your credit increases.
Set up a reminder to pay your bill every month in full on time so you don’t default and don’t go near your limit.
2. Become an authorized user
Consider asking someone you trust (and whom trusts you) if you can be an authorized user on their credit card. Make sure it is someone who has a good credit score, or it could affect you negatively.
3. Apply for a credit builder loan
Applying for a loan that does just what it’s title says is a good alternative or addition to credit cards. The lender asks you to pay back the loan before you receive the loan – a backwards loan, if you will, in order to prove yourself as trustworthy. Amounts as little as $100 can be applied for.
If you're looking for a little more guidance or how to repair your score, get in touch with us here or click "Chat with us now" on the lower righthand side of your screen. We would love to connect you with the right professional for your situation.
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