do you want to build your credit but don't know where to start, here are 3 ways to BUILD your credit AND SAVE YOU MONEY.
When receiving your first credit card the excitement rushes through your body but reality sinks in and you at a lost at where to go next.
With thousands of banks to choose from and many different banking plans it can all become overwhelming but here are some simple tips and tricks you can do to build your credit and set yourself off for success.
1. Secure your funds!!
When using your credit card it is important for you to secure your money. Cyber crime is definitely on the rise, and many of the most troubling criminal acts centers around in-person and online payment methods. Credit cards are easily the most secure and safe payment method to use when you shop online. Credit cards use online security features like encryption and fraud monitoring to keep your accounts and personal information safe.
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How to Improve: Use Fundwise
Fundwise Capital helps Entrepreneurs, startups, small business owners and real-estate investors, secure the best funding they can qualify for. They insure that your funds are secured and you receive the best funds you need. Fundwise Capital was created by entrepreneurs who were tired of seeing other entrepreneurs or new ventures guided towards loans that only benefit lenders. Their mission is to help you secure the best capital in conjunction with providing the necessary education to help you master your future business’ growth and success.
2. Find a bank you can trust!
When searching for a bank you should decide which type of bank account you want, then look for a bank that offers what you're looking for. For example, when your just getting started with credit, a student credit card or a card that doesn't require a high credit score is an ideal pick. That way you can receive guidance on how your credit is developed. When it comes to monthly service fees, look for a bank that requires no service fees, this is where the bank doesn't charge a monthly service fee on your account, no matter what.
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How to Improve: Use Chime
Chime Help increase your credit score by an average of 30 points with their new secured credit card. They have no interest, no annual fees, no credit check to apply.
3. Create a savings plan!
Your first step after setting up you credit card is to create a savings plan. A budget is a great way to organize your funds. Start by paying your bills then the remaining funds will be for your saving. Then create your saving goals and set aside some as an emergency fund.
ADD IMAGE
How to improve: Use Credit strong
Credit strong helps you improve your credit score by offering low monthly payments which helps build your credit and grow your savings at the same time. They also give you a bank loan and place the funds in a savings account in your name. Funds are locked to secure the loan. They report your payments to credit bureaus, which builds your credit history each month.
With thousands of banks to choose from and many different banking plans it can all become overwhelming but here are some simple tips and tricks you can do to build your credit and set yourself off for success.
1. Secure your funds!!
When using your credit card it is important for you to secure your money. Cyber crime is definitely on the rise, and many of the most troubling criminal acts centers around in-person and online payment methods. Credit cards are easily the most secure and safe payment method to use when you shop online. Credit cards use online security features like encryption and fraud monitoring to keep your accounts and personal information safe.
ADD IMAGE
How to Improve: Use Fundwise
Fundwise Capital helps Entrepreneurs, startups, small business owners and real-estate investors, secure the best funding they can qualify for. They insure that your funds are secured and you receive the best funds you need. Fundwise Capital was created by entrepreneurs who were tired of seeing other entrepreneurs or new ventures guided towards loans that only benefit lenders. Their mission is to help you secure the best capital in conjunction with providing the necessary education to help you master your future business’ growth and success.
2. Find a bank you can trust!
When searching for a bank you should decide which type of bank account you want, then look for a bank that offers what you're looking for. For example, when your just getting started with credit, a student credit card or a card that doesn't require a high credit score is an ideal pick. That way you can receive guidance on how your credit is developed. When it comes to monthly service fees, look for a bank that requires no service fees, this is where the bank doesn't charge a monthly service fee on your account, no matter what.
ADD IMAGE
How to Improve: Use Chime
Chime Help increase your credit score by an average of 30 points with their new secured credit card. They have no interest, no annual fees, no credit check to apply.
3. Create a savings plan!
Your first step after setting up you credit card is to create a savings plan. A budget is a great way to organize your funds. Start by paying your bills then the remaining funds will be for your saving. Then create your saving goals and set aside some as an emergency fund.
ADD IMAGE
How to improve: Use Credit strong
Credit strong helps you improve your credit score by offering low monthly payments which helps build your credit and grow your savings at the same time. They also give you a bank loan and place the funds in a savings account in your name. Funds are locked to secure the loan. They report your payments to credit bureaus, which builds your credit history each month.