These 3 hacks will help you improve your credit score and get you on the pathway to good credit.

1) Paying Your Rent Makes For A Happy Landlord and A Happy Credit Score.

This is especially helpful for young people who are trying to establish their credit history. By paying your rent on time and in full every month, you can contribute positively to your credit score.

2) Boost Your Credit Score By Using A Secured Credit Card

To build a good credit score you need credit and to obtain credit you need a good credit score. It’s the catch-22 of personal finance. A good credit card history is one of the most effective ways of building your credit, but getting approved may be a challenge. One option is to apply for a secured credit card. The main difference is that secured cards require a deposit while unsecured cards do not. Most of the credit cards we’re familiar with – retail cards, rewards cards, you name it – are unsecured meaning it is up to you to plan accordingly when it comes to repayment. In the case of secured credit cards, if you have a limit of $1000, you are required to provide a down payment of $1000 to act as insurance. This is a great way to build up your credit if unsecured credit cards are out of reach. In some cases, people with a poor or non-existent credit score can still be approved for unsecured credit cards

3)Pay Off Your Debt

I know what you’re thinking: if I could, I would have done this by now. But even chipping away at your debt slowly by contributing a bit more than the minimum payment can be beneficial. Start with the debt that carries the highest interest.

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