How To Get Approved For Better Loans, Credit Cards, And Apartments

How does your credit score rank? Generally, 300-599 is considered very bad and 600-649 is considered poor. 650-699 is considered fair while 700-749 is considered good. A score of 750-799 is considered very good and a score of 800-850 is considered excellent.

Theres no shame in having one score or another, but having a better score can open up more opportunities for better loans and credit cards. Consumers with poor credit may only be offered credit cards and loans with higher interest rates. These same consumers are also at risk for being denied for much needed loans and rental applications.

Your previous payment history, the number of years of credit history you have, how much credit you currently have out, how many accounts youve recently opened, and how many different types of credit you have can all affect your current credit score.

Your credit score is determined by the three national credit bureaus in the US. The information that Equifax, Experian, and TransUnion collects influences your credit scores.

The good news is that payday loan providers like Net Pay Advance do not check your credit score. They know that sometimes life happens, and emergency expenses come up. Regardless of credit history, they just want to be able to help you get the cash you need before your next payday. For more information on these types of loans and how they can help you while you work on building better credit, you can visit

Ways to Improve Your Credit Rating

Use your current credit card(s) responsibly. Pay your bills in full and on time every month to avoid interest and additional fees. Credit cards are not free money. They should be treated as a bill. Keep a close eye on your receipts, credit card statements, and bank account. Make sure you do not purchase more than you can pay. If you dont currently have a credit card, you can apply for one to build credit. Credit Karma has tools to see which cards you will most likely be approved for. You will want to look at this list first before applying for anything because often credit checks can ding your score and drop you a few points. You will want to only apply for credit cards you have a good chance of being approved for.

If you have a family member that is comfortable with you having access to their card, you can become an authorized user on their current credit card, or open a new joint account with them. The good news is that if youre both responsible with paying off the credit card debt, you can both positively impact your scores. The bad news is that if either of you are irresponsible with paying off the credit card debt, you can both be held liable for that debt, and both of your scores can be negatively affected. One option would be to become a user on a card you dont have access too. For example, a parent or spouse may agree to add you to their card, with the condition that you never actually buy anything with it.

One of the best ways to improve your credit score is by paying off past debts. If you currently have credit card debt or a loan taken out, youre going to want to pay it back as soon as possible. Some of the most common debts that people have are school debt, medical debt, a mortgage, and car loans. Pay these off as soon as possible to save money on interest and give your credit a boost.

Keep your personal information secure so that you can avoid identity theft. If someone is able to get ahold of all your personal information, like your name, age, gender, address, and social security number, they will be able to take out credit cards and loans in your name. Of course, this action is illegal, but they could still rack up thousands of dollars in debt in your name before you even find out. Recovering from stolen identity can be a long and difficult journey, so be sure to shred your documents and dont share personal information.

Paying your other bills on time can show that youre responsible. Experian (one of the credit bureaus) allows you to include your monthly bills on your score. If you pay your utility bills on time, it could increase your score a little. However, unpaid utility bills that you default on could be reported to collection agencies, thus lowering your score. Either way, it is a good idea to pay your monthly bills on time.

No matter what youre score is, you can take small steps every day to make changes that can improve your score. Changing a credit score can take a long time, so you should work on improving it even if you dont need a loan right now.