Ways To Build Your Credit Without Credit Cards

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Ways To Build Your Credit Without Credit CardsIf you are looking to build your credit, then you may be looking into the many different options that you have. If you don’t want to apply for credit cards, then do not fear. There are other ways to build your credit without relying on credit cards.

Building your credit is something that mostly everyone wants to be doing or they should be actively doing. Having a good credit score can mean that you can qualify for lower interest rates. Lower interest rates are great because you can save money over paying a higher interest rate.

An interest rate difference of just a few percentage points can mean hundreds of dollars saved each month alone, thousands of dollars each year, and much more over your lifetime. Who wouldn’t want to save that huge amount of money all for just working towards bettering your credit score?

Side note: If you are looking to increase your credit score, you can start off by?checking your free credit score through Credit Sesame. They provide free credit scores so that you can see what areas you should be working on. Yes, it is actually free!

It’s not hard to increase your credit score either. All you have to do is instill different habits into your life and it’s really just as easy as that.

Below are different ways to work on building your credit. None of them involve a credit card!

Rent payments.

If you are paying rent, then you may be able to build your credit this way. You should ask your landlord if they can report your rent to the credit bureaus. This is something that is relatively new, and not every single landlord will report it for you. You may have to ask.

Have bills in your name.

Not all bills will help build your credit score. Like with rent payments, you may have to ask the company to report your payments to the credit bureaus. Different bills that you may want to look into this for include utility bills, your cell phone, and more.

Loans.

If you have a car loan, student loan, or something else along those lines, then you will have your payments reported to the credit bureau. I’m not saying that you should actively search out different loans so that you can build your credit

How are you building your credit?

If you are interested in credit repair,?there are professionals out there who will work towards improving your credit so that you can get approved for loans, receive lower interest rates (and save thousands of dollars), and more.?CreditRepair.com?will help you create a game plan to improve your credit score, they will contact credit companies directly on their own, they will communicate with the credit bureaus to work towards making a change, and they provide an online dashboard that will help you monitor everything that is going on. It is all very affordable and will most likely save you thousands in interest fees and late charges.

Image via Flickr by lendingmemo.com

 

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