Get Rent Payments Reported to Credit Bureaus
Are you renting a home or apartment? Are your monthly rent payments being reported to the three major credit bureaus to build credit history? If not, you’re missing out on a significant opportunity to increase your credit score for something you’re already doing.
Even with credit cards, it can still be difficult to build your credit without a mortgage. That’s why it’s important that you make sure your rent payments are being reported.
If you have a low credit score, this is a great way to start increasing it. There’s no credit check and no risk to your credit like with a loan or credit card.
Credit Check - Reports & Monitoring
Most people tend to wait until they’re about to purchase a vehicle or a home before they even bother to find out what their score is. This can often cost them thousands of dollars when they end up with a high interest rate on a loan. You can save thousands by making sure your score is high enough before you decide to apply for a car loan or mortgage.
Your credit score can also affect other aspects of your life like car rental service and apartment rentals. The last thing you need is to find out you don’t qualify for a car rental when your car breaks down and you need to get to work.
Keep track of your scores, get notified of any changes or issues in your report, and learn ways to increase your score through best practices.
Credit Building, Saving & Finance Improvement
Did you know you can build your credit without having to use a credit card? With Credit Strong, you can do just that. Through the use of a secured installment loan, you make monthly payments that go toward a savings account while being reported to all three major credit bureaus.
This is a great way for individuals with lower than average scores – where getting approved for a credit card may be difficult – to build their credit history and increase their scores safely. There’s no credit check since it’s a secured loan.
For as low as $15/month, you can build a savings account of up to $1,000 while also building credit history.