The Credit Dispute Center has partnered with several resources to help you build or rebuild your credit. For young adults just getting started these resources are perfect for you. As part of the credit repair process, these resources are key additions to boost your score. Credit building can be as effective if not more effective than the credit repair process. Many of these resources require NO CREDIT CHECKS, which means NO HARD INQUIRIES! So whether you are new to credit, or rebuilding your credit these are great resources for you!
Credit cards that are managed properly can have a great impact on your credit scores. Typically the scoring models (Fico, Vantage) like to see 30% or less utilization of the credit limit, 10% or less is even better. We have partnered with the following card companies to offer you the chance to either establish your credit for the first time, or to rebuild your credit after the credit repair process. Many of these are secured cards (require a deposit), but they don’t pull hard inquiries. We also have a couple unsecured cards available as well. Many of these cards start with low credit limits, but the limits can be raised over time if you use the cards responsibly. Even better, these cards report to all 3 credit bureaus.
Credit Card Broker is a one-stop shop for multiple types of lending geared for building or rebuilding credit. Secured cards, and even some Unsecured cards. They even offer credit monitoring services, installment loans, and even Auto Loans! Check them out if you are looking to build or rebuild your credit. They even have offers for those with good credit too!
Credit Builder Card is an awesome secured card. $200 security deposit gets you started with your very first credit card, or helps you rebuild your credit while in or after the credit repair process. They report to all 3 credit bureaus up to 6 times a month to help boost scores and add positive credit to your credit profile.
Part of a healthy credit mix are installment loans. These loans are not considered revolving like credit cards. Many are closed ended and have fixed interest and payments until the loan is paid off. Check out these resources to add items that are installment loans, or report like installment loans.
Credit Strong is perfect for those starting out, or someone who needs an installment account reporting on their credit. They have several packages in various amounts or monthly payments that anyone can afford. Plus it builds a savings account while you build credit. They report to all 3 Major Credit Bureaus. You can also build business credit with Credit Strong!
Similar to Credit Strong, Self Lender starts a savings in a CD account that becomes yours when you finish making payments, however the neat thing about Self Lender is you can have the opportunity to have 2 credit building tradelines reporting to all 3 bureaus. Not only do you get an installment loan reporting on your credit, but after 3 on-time payments and $100 in savings progress on your loan, Self will give you access to their credit card. This gives you an installment account, and a revolving account reporting on your credit reports.
You pay your rent each month and pay it on time. This is something that is NEVER reported to the credit bureaus to help you out. Introducing Rent Reporters. Finally get your rent reported on your credit report. This can be EASY points on your TransUnion and Equifax credit reports for doing something you do every month anyway! Why not get recognized for paying your rent on time? People who have mortgages do!
Kikoff is awesome! A $500 installment loan tradeline reports on your Equifax and Experian credit reports. The total cost is $24 and you only pay back $2/mo. Set it on auto pay, and you can auto-renew each year to have a perpetual account will low utilization that will report for years to come.
Experian Boost is a program through Experian and only reports on Experian where you can get utility bills, or other services such as streaming service subscriptions reported. While this may not be a huge boost, every point counts. This is a totally free service though Experian.
Another way to build or establish credit is to piggyback on someone else’s credit card. If you have a family member or friend that has a high limit, and low utilized credit card that has been open for years, it can boost your credit score tremendously! It adds positive credit to your credit report, it can increase the average age of your credit file, and can lower your debt to credit ratio. The bank will issue a card in your name and the other person can choose to let you use the card, or just let the tradeline report to your credit file. You are not held financially liable for the account. We also have sources where you can purchase tradelines noted below.
Tradeline Supply Co. is the AU Tradeline industry leader having a vast selection of AU Tradelines to chose from. They are endorsed and promoted by the Credit Industry’s leading expert, John Ulzheimer. John does many great educational videos for Tradeline Supply that you can find on our blog page.
GCL Credit is owned by good personal friend of our CEO & Founder. They offer many quality AU Tradelines, at a very reasonable price. In fact clients of Credit Wellness Solutions get VIP treatment! If you are interested to see what they have to offer, click GCL Credit Image and fill out the form. I will get them in touch with you directly.
For anyone who has been in business or if you are starting a business from the ground up, you know getting a loan for basic operating expenses, and building business credit is a painfully long and drawn out process that can take years to build. Many business credit gurus promote a 3 tier process to build your business credit profile. Many of the shady characters advertise “Get funded now with only your EIN, even if you are a startup” only to suck you into their sales funnel for the same 3 tier process. Especially as a startup, you need the funds now, not years from now. Not anymore! Credit Wellness Solutions has partnered with these resources that will get you started in no time! They won’t drag you from tier 1, they take you straight to tier 3, and can have you ready to apply for your own business credit and get your funding much much sooner. In fact, the CEO and Founder of Credit Wellness Solutions has taken advantage of these resources!
Our Friends at GCL Credit have knocked it out of the park with this business credit building resource! This by itself will take you straight to tier 3! This is a business authorized user tradeline that will report on the 4 business credit bureaus (Experian, Equifax, Dunn & Bradstreet, and Lexis Nexus). They will be paid and closed accounts with a minimum of 2 years flawless payment history. Once this hits your reports, you can apply directly with the lenders of your choice. This is truly a game changer for those with no business credit, or those still trying to build tier 1 and 2.
Credit Strong for business works the same as their personal program. They open a savings account for the amount desired that you make monthly payments on until you paid it off, then the funds in the savings account is yours. This will report as an installment loan to Equifax, and Paynet. They will report to more credit bureaus in the near future. Simply click the BUSINESS tab on their website to sign up.
Work hard pray harder.
ACTS 2:37-40
