Having a good credit score will help you determine the interest rates of the loans you apply for. There are some applications that will help you improve it
Your credit score is the gateway to almost everything, so having a good credit score will always benefit you. Building it is not something that happens overnight. So, if you want to work on it, at Globe Live Media we are going to tell you about some applications that will help you improve it.
A good credit score also gives you access to lower rates and helps you qualify for better offers on credit cards and other bank loans. According to a compilation from Dough Roller, these four apps will help you boost your credit score.
1.- Experian Boost™
Experian is a credit reporting agency. Their Boost product helps you analyze your recurring bills like rent, electricity, and gas, to name a few.
It is based on information from your credit reports that Experian has. Use FICO 8 to determine your score. You just need to connect your bank account or credit card and the application takes care of reviewing all your spending patterns. Determining your regular payments will increase your credit score.
The most basic version is free, but if you want to add more features, then you will have to pay for it.
2.- Self
It is another of the recommended applications. With Self’s Credit Builder account, you can set up regular payments so that they get reported to the credit bureaus, and this obviously helps you add up your score. The minimum payment fee is $25 dollars to use this service.
3.- Credit Karma
You can view your cumulative score on TransUnion and Equifax. It also gives you some recommendations on what actions you can take to increase your credit score and review some situations that may cause a problem or poor performance in your history.
4.- My Fico
I grant you access to their credit scores. It is not free, it has a minimum cost of $19.95 per month. You can access to view Experian credit scores.