Use These Tricks to Raise Your Credit Score

Your credit score is a significant number. By looking at your credit score, banks and lenders decide whether or not to give you credit for something important later on. That credit could be a loan for anything from a car to a house. But can you do anything to control and raise your credit score? Absolutely! Here are five easy ways you can use to raise your credit score today!

Five Easy Ways To Raise Your Credit Score

1. Pay your bills on time

Believe it or not, some people pay their bills late even when they have enough money to do it! If you procrastinate on paying your bills, you already have a great way to raise your credit score – by paying your bills on time! Make it a point to pay all your bills on time, or even ahead of time, and you’ll start to see a bump in your credit score. An easy way to accomplish this is by automating your payments.

2. Don’t Close Unused Credit Cards

Suppose you’ve managed to pay off your credit cards - congratulations! But wait! Don’t cancel those credit cards just yet. You can use them as an easy way to raise your credit score.

You see, part of your credit score is calculated based on something called your ‘credit utilization ratio’. You get a better credit score if you have access to credit, but don’t make use of it. So, unless you’re paying expensive fees on those unused credit cards, leave them alone. They’ll help you push your credit score up in no time.

3. Raise Your Credit Limits

This method is almost the same as the previous one. Remember: by improving your credit utilization ratio, you also improve your overall credit score. So, get your bank to increase your credit limits as much as possible. If you avoid using that credit, your score could improve significantly!

4. Don’t Apply For New Credit Cards Unnecessarily

Some banks make it so tempting to apply for credit cards, don’t they? They’ll offer you all sorts of free stuff just to get you to sign on the dotted line. Even if you don’t plan on using those cards, you might affect your credit score only by applying for them!

Sometimes, when you apply for a credit card, they’ll do what’s called a ‘hard inquiry’ on your credit score. That inquiry reflects on your credit report and can affect your score! So, don’t apply for a credit card unless you have to.

5. Pay Debts Strategically

Paying off your debts is the easiest way to improve your credit score. Yet, if you have more than one, you might spread your cash too thin trying to pay all of them at once. Instead, strategically pay the minimums on all your debts, but pick one to pay extra. Channel every extra dollar you have to it until you pay that off that debt. Once it’s gone, you can make more significant payments to all your other debts.

How To Pay For Emergencies If You Have A Bad Credit Score

If you have a bad credit score, you might worry about facing financial emergencies. Thankfully, there are financial instruments called car title loans, payday loans, and installment loans that can help you! The best part about all of these loan options? They’re not dependent upon your credit score for approval. Here’s how each of them work!

Online Title Loans in Texas

Title loans are a short-term loan option that allows you to leverage the value of your car in order to secure up to $15,000 for your loan! After you submit your online application form, a representative will contact you within minutes to schedule a meeting, during with you’ll be asked to bring your car, your driver’s license, the lien-free title to your car, and a blank check to your bank. That’s all it takes and you can have money in your account on the same day that you apply.

Payday Loans in Texas

Payday loans are similar to title loans in that they’re fast and the application can be started from your computer or phone. With a payday loan, however, you can receive up to $1,200. The items that the representative will ask you to provide is your most recent paystub, your driver’s license, and a blank check to your bank. Once you understand everything, the funds will be deposited directly into your bank account.

 

 

 

Installment Loans in Texas

Installment loans are a fast, personal loan type that can be paid back over a long period of time. Following a similar application process to both title loans and payday loans, installment loans differ in that they don’t require a store visit - once you complete the online application, the funds will be deposited into your directly into your bank account the following day! The items that you’ll need to provide for your installment application is your driver’s license, proof of income, and a blank check to your bank account.

All of our processes are simple, straightforward, and streamlined for when your credit score isn’t high enough to account for an emergency. So, the next time you’re faced with something that needs to be handled quickly, don’t fret! Visit the Texas Car Title & Payday Loan homepage and get started on your loan application today.