A credit score isn't solely influenced by negative items; maintaining diverse, consistently paid accounts is key. Aim for at least ten open positive primary accounts averaging four years old for an optimal credit report.
This resource will jumpstart your path to a 750+ credit score, even with limited credit history or resources. It provides guidance for securing loans and financing, including for business ventures.
RENT REPORTER
WHAT IS RENT REPORTER?
Rent Reporters is a credit reporting agency that helps renters improve their credit scores by reporting their on-time rent payments to major credit bureaus.
HOW DOES IT WORK?
Sign up: You need to sign up for Rent Reporters' service and provide information about your rental history - and landlord.
Verification: Rent Reporters verifies your rent payment history with your landlord or property management company. They may reach out to your landlord via phone or email and may require documentation such as a copy of the lease agreement.
Reporting: Once the verification process is complete, Rent Reporters will report your rent payment history to the credit bureaus, including TransUnion and Equifax. They report up to 24 months of rental payment history, including any missed or late payments.
HOW DOES IT IMPROVE MY CREDIT?
Rent Reporters can help improve your credit by adding positive rental payment history to your credit report. This can increase your credit score and improve your chances of getting approved for loans, credit cards, and rental applications in the future.
QUALIFICATIONS
To use Rent Reporters' services, renters must have a valid lease agreement in their name, be current on their rent payments, and have a landlord who is willing to verify their payment history.
RENT REPORTER
WHAT IS RENT REPORTER?
Rent Reporters is a credit reporting agency that helps renters improve their credit scores by reporting their on-time rent payments to major credit bureaus.
HOW DOES IT IMPROVE MY CREDIT?
Rent Reporters can help improve your credit by adding positive rental payment history to your credit report. This can increase your credit score and improve your chances of getting approved for loans, credit cards, and rental applications in the future.
QUALIFICATIONS
To use Rent Reporters' services, renters must have a valid lease agreement in their name, be current on their rent payments, and have a landlord who is willing to verify their payment history.
SELF
WHAT IS SELF?
Self or Self Financial is a financial technology company that helps people build credit and savings through its credit builder account.
HOW DOES IT IMPROVE MY CREDIT?
Self. helps users improve their credit by reporting their on-time payments to the credit
bureaus, which can help establish a positive payment history.
QUALIFICATIONS
Users must be at least 18 years old, have a valid Social Security number or Taxpayer
Identification Number, and have a bank account and debit card.
KIKOFF
WHAT IS KIKOFF?
Kikoff offers a credit-building loan that helps customers establish a credit history, increase
their credit score, and save money. They also offer a credit monitoring service that provides
customers with access to their credit score and credit report.
HOW DOES IT IMPROVE MY CREDIT?
Kikoff's credit-building loan allows customers to establish a credit history by making on-time
payments over a 12-month period. This can help customers increase their credit score and
improve their creditworthiness.
QUALIFICATIONS
To qualify for a Kikoff credit-building loan, customers must be at least 18 years old, have a
valid Social Security number, and have a bank account with a positive balance. Customers
must also meet certain income and employment requirements.
EXPERIAN BOOST
WHAT IS EXPERIAN BOOST?
Experian Boost® helps by giving you extra credit for the utility and mobile phone bills you're already paying. Until now, those payments did not positively impact your credit scores
HOW DOES IT IMPROVE MY CREDIT?
Experian®: Increase your FICO® Score instantly for free! Get credit for your phone and utility bills. New credit scores take effect immediately. Includes free Experian Credit Report and FICO® Score
QUALIFICATIONS
* cannot be a mandatory sign up, must be recommended
* cannot say to just sign up and cancel, must encourage staying enrolled
StellarFi - Credit Building Bill Pay Card
WHAT IS STELLARFI?
StellarFi is the first Credit-Builder to report all bill payments as credit directly to all major credit bureaus: Experian®, TransUnion®, and Equifax®.
HOW DOES IT IMPROVE MY CREDIT?
Connect your bank account to StellarFi
Use your StellarFi Bill Pay Card to automatically pay your bills on time.
Watch you Credit Grown and Improve as your payments report monthly for all 3 Credit Bureaus
QUALIFICATIONS
NO Deposit, NO Credit Check, NO Interest
Plans start at $4.99/month
New member promotions available - start as low as $0.99
Extra Card
WHAT IS EXTRA CARD?
Extra Card is the first Debit Card that BUILDS CREDIT and Earns Rewards Points just like a credit card.
No credit checks.
Connects with your bank.
$7 per month (based on annual subscription), $8 per month or $12 per month, depending on plan chosen.
HOW DOES IT IMPROVE MY CREDIT?
1. Sign up by connecting your bank account, and we give you a spending limit based on your bank balance with no credit check.
2. When you swipe your Extra Card, we spot you for that purchase and automatically pay ourselves back the next business day.
3. At the end of the month, we total up all of your transactions and report them to credit bureaus as credit worthy payments.
QUALIFICATIONS
US Only