A credit card is one of the main ways to build credit. By using a credit card wisely and not running up huge bills and paying them off in full on time, consumers can improve their credit score. A good credit score can make getting a home, car and other loans easier, and at better interest rates. Some people who have poor credit may have difficulty improving their credit score fast enough, and others may not even want a credit card. A credit card isn’t the only way to build credit. Here are some other ways:
Get a small loan
Apply for a small loan from your bank or credit union. If you’ve had an account in good standing for a few years, you should be able to get a small loan.
Some banks may only offer secured loans, meaning you’ll have to come up with some collateral such as a car to qualify for the loan. However you get a bank loan, pay it back on time and your credit score should improve.
Monitor student loan payments
You should be working hard to pay all of your loans on time. Repaying student loans on time will help build your credit as much as any other loan. On the opposite side, missing a student loan payment can hurt your credit score.
Ask utility providers for help
Electricity, gas, cable TV, internet and other utility providers report delinquencies to the credit bureaus. Some, however, also report positive payment history, such as on-time payments, to the credit bureaus.
Call your utility providers to see if they report positive payment history, which can improve your credit score. If they don’t, ask if they can give you a letter of reference in support of a credit application.
Report rent payments
Just like utility companies, not all landlords report on-time payments to credit bureaus. Ask your landlord if positive rent history is reported. If not, ask if it can use a third-party website such as Rental Kharma to verify your rent payments each month.
Another way is to sign up with a rent payment service that uses Experian’s RentBureau. Your rent is paid through the service and independent verification that you’ve paid your rent on time isn’t needed.
Become an authorized user
A friend or family member who has excellent credit can add you to their credit card as an authorized user. It allows you to use their credit card and share their credit limit.
As long as the main card holder pays the bill on time every month and keeps the balance low in relation to their credit limit, your credit score may benefit. Check first that the card issuer reports authorized users to the credit bureaus.
You won’t be responsible for paying the bill, so being an authorized user won’t help your credit profile a lot, but it will help some if it’s reported.
Feel free to contact us for other helpful information.
Are you having trouble communicating with your partner, friends or colleagues? Do you forget what your friend just told you only minutes after the conversation ended? In a world geared toward multitasking, it can be hard to drop fully into a conversation and just listen. Below are three tips to help you be more present in your conversations.
Ask questions. Don’t just smile and nod. Make your conversation partner feel more heard by asking questions that are relative to what they’re saying. Ask for more details to dig deeper and listen fully.
Repeat what you heard. Every few minutes, repeat what you heard so you know you’re retaining important information. This will also help you avoid accidental miscommunications.
Wait to offer a solution. When we’re listening to a friend with a problem, our go-to response is often to fill silence with a solution, but sometimes, we just need to feel heard and understand. You can even ask your friend if they’re looking for a solution or just space to vent.
If you love the idea of filling your home with greenery and life, houseplants may be your next decor solution. But, if you are short on time because of your job or family, or simply don’t have a green thumb, it may seem impossible to take on this responsibility. There are, however, plenty of low maintenance plants out there for those who are either busy, inexperienced or have what they consider a black thumb. Here are five houseplants that you can add to your home without worry about them taking up too much of your time and energy.
If you’re looking for a stylish, yet low maintenance plant, this is a great start, especially for beginners. Snake plants thrive in any lighting or humidity conditions, making it a great choice for any space, whether the kitchen, bedroom, bathroom or office. These plants also don’t need to be watered daily, but in fact can go two to three weeks between watering.
Similar to the snake plant, ponytail palm can thrive in almost any condition. Classified as a succulent, this plant doesn’t need water often, only every 2 – 3 weeks, or even longer. Though it doesn’t require direct sunlight, this plant would do best in a brightly lit space, such as a living room.
This is a great choice for a low maintenance indoor plant, especially for those who work in an office away from a window. They can thrive in very low light, but still do well in bright, direct sunlight. ZZ plants are able to store water in their stems, so even if you forget to water it for two weeks, it will still survive.
This adaptable house plant can survive in many environmental conditions and maintenance levels, making this a top option for black thumbs. They do extremely well in hanging planters and in both high, medium and low light. Though they require more watering, about every 1 – 2 weeks, they are known to be almost impossible to kill and can survive some neglect.
This is a stylish and unique option if you’re looking to add some greenery to your bathroom. Philodendrons thrive in humid environments and indirect sunlight. Because it likes humidity, this may not be a great option for bedrooms or living rooms, especially in warmer climates where the house is constantly air conditioned. If it is watered every 1 – 2 weeks, there is a high chance for growth within a year, however, growth also depends on the amount of light it receives.