When you have less than stellar credit, you’ll be facing a lot of challenges along the way. That includes limitations to what you can and can’t do financially. During this time, it will be harder for you to get approved for loans and credit cards, and your debt will continue to rise as you continue to neglect the money you owe.
The best way to battle this is to make an effort to lessen your debt. There are plenty of ways to improve your credit score, some are more common than others. Here are a few unconventional ways you can bring up your credit score:
This may seem to counterproductive, but a new credit card will help keep your credit going. You can use these cards to pay for your previous credit card debt, called a balance transfer.
However, the challenge of this is getting approved for a new credit card, especially if your current debt is already high.
A slightly risque way to improve your credit score is by asking a family member or a close friend to add you to their credit card account. This will give you the opportunity to show the creditors and your loved ones that you can be responsible with the money you are given.
If you plan to go through this route, it’s best to put everything in writing, including how much you want as your threshold, and how you expect to pay for it. This gives the account holder peace of mind. So, make sure you put up your end of the bargain.
This is the perfect choice for those with bad credit but need a car of their own. They can steadily rebuild their credit score with each payment made on time for the car lease.