Unique Ways To Boost Your Credit Score Fast

Credit Scores are very important tools for the majority of people and often make the difference between being approved or denied for something you need or want. But what if I told you there was a few ways to boost your credit score? And no I don't mean the usual "paying your bills on time" either. Today we take a look at a few unique ways to boost your credit score quickly and safely.

1. Tradelines

Many people are fortunate enough to have a family member or friend place them as a secondary card holder on a credit card and help them boost their credit score. But unfortunately, many of us do not have this luxury. Thanks to something known as tradelines we all can have a little help in that area. A few of the most popular tradeline companies are :

https://tradelinesupply.com/

https://www.improvemycreditfitness.com/tradeline-packages/

https://www.boostcredit101.com/tradelines/

https://superiortradelines.com/tradelines-companies/

When choosing a tradeline you are given the option to narrow down your search by price, account age, credit card limit/company, and reporting period. When choosing a tradeline it is always important to determine how it will affect the credit history you already have or don't have. It usually varies from case to case but in most cases, it is always better to go with an older tradeline so that you do not lower the credit age you already have and in return lower your credit score.

2. Credit Mix

Having a mix of credit scores is always a good look in the eyes of lenders. Not only does it make you look more reliable it also shows that you handle all types of credit very well and such a balance usually has a positive impact on the credit score as well. And by a mix of credit, I mean a loan, a mortgage, a car note, a credit card, etc. You can never go wrong with variety!

3. Use Less Of Your Available Credit

Using less of your available credit has always been one of the most important and popular ways to boost credit scores and rightfully so. The portion you're using of your credit limit at any given time is called your credit utilization. As a rule of thumb, it is recommended that you use no more than 30% of your credit limit and lower is better! Most people with the highest credit scores usually use less than 7%. You want to make sure your balance is low when the card issuer reports it to the credit bureaus because that's what is used in calculating your score. A simple way to do that is to pay down the balance before the billing cycle ends or to pay several times throughout the month to always keep your balance low.

4. Deal with Collections

No one ever wants to face a debt collector, most of us actually run from them in fact. But facing them and working out an agreement to settle the debt can work out in most people's best interest. Most collections simply have a desire for the debt to be paid and paying it off can sometimes be very beneficial. Be sure to get any agreement with a debt collector in writing and see if the collection can be removed in return for payment of the debt.

5. The Back Dated Method

This method though not as popular I have found to be the most effective. This method is usually performed by realtors and different businessmen to help qualify their clients in areas where credit is needed. This method is done by first scouting out debt. It can be credit card debt, loan debt, mortgage debt, or any other debt you can think of. A great place to find and purchase such debt is https://debtcatcher.com/. After purchasing the debt you then write to the original company that the debt was owed to and state that the debt has been paid and ask to have it transferred to another name (your name). The company/lender then reports to the credit bureaus that the debt has been paid and transfers it in your name and all the positive history then goes to your credit report. For example, if the debt is a credit card and the card was opened 4 years ago the company then reports to the credit bureaus that you've paid on time on that card for 4 years. The biggest benefit of this is that you are the primary holder on the account and therefore get the most benefit from the positive history.

~ Ironesha Johnson (: