If your credit history is not where you want it to be, I can guarantee that you’re not alone. Many of us weren’t taught the importance of maintaining good credit, and as a result many have fallen victim to the temptation of the short lived satisfaction over spending brings because they are unaware of how detrimental the consequence is.
However, fear not ! If you may’ve made a mistake of two with your credit, or you would simply just like a higher score, you are able to increase it. High credit scores allow for higher approval probability and lower interest rates, and well who doesn’t like low interest rates. Just keep in mind that improving your credit scores takes time, this is not a project that can be down over night.
There are several steps you can take to increase your score such as paying down debt, or getting a credit-building loan but right now we are going to focus on step that you are probably already doing but not taking full advantage of.
Bill payments are inevitable. There are bills for utilities , phones and so much more, but did you know that you can use these payments to increase your credit score. Some credit scores take these different payments into account when reporting history, although not all do, you can use this as a booster to get a secure loan or credit card so you may firmly establish your credit history with all lenders.