How to Build Credit Fast

By Title Loan Adviser • August 15th, 2013

Are you looking for a fast way to build credit? Then consider taking out a title loan from Car Capital Financial. Getting an installment loan is an excellent way to build credit, so why not call us at 1-888-500-9887 now?

Building credit is essential for many of us, as it allows us to gain a good credit score which makes purchasing property, cars or taking out any kind of loan a much easier process.

However, if you don’t have a credit history, you may be wondering how to start. Luckily there are many simple but effective ways you can start building a credit history as soon as today!

Regularly Use Your Credit Card

Getting approval for a credit card doesn’t automatically mean you will have a credit history. You need to regularly use your credit card and consistently pay off your balance on a month to month basis to begin building significant credit history and in turn gain a good credit score. By all means don’t overly rely on your credit card, but do use it regularly for items you can afford to pay off by the time your next statement is due, as this will help you gain a credit history and increase your score fast.

Get a Secured Credit Card

If you are unable to get approved for a regular credit card, consider applying for a secured credit card instead. These cards work similarly to a conventional credit card only that a cash deposit is required. Usually the amount of cash you put down as a deposit functions as the secured credit card’s credit limit. Although this may not sound like a good deal, it will actually allow you to build credit and improve your chances of getting approved for a regular credit card in the future. If you successfully manage a secured credit card, this can be an excellent way to build credit  fast.

Take Out an Installment Loan

Taking out and paying off an installment loan demonstrates financial responsibility and that you are capable of managing borrowed money wisely. Therefore, taking out an installment loan (such as a title loan or auto loan) is a great way to improve your credit score and build your credit history. As long as you can pay back your installment loans consistently on time and don’t ever default on your loan, this method should allow you to get the credit results you want in relatively little time.

Get a Mortgage

Instead of paying rent on someone else’s property each month why not purchase property and apply for a mortgage? If you are approved, paying your monthly mortgage payments will reflect very well on your credit score and allow your credit to grow considerably. Of course only take out a mortgage if you are financially stable enough to commit to one. If your finances are healthy enough this is a great investment in both your credit and your financial future.

Have a Savings Account

Having an active savings account shows financial responsibility and the ability to manage money well, which should allow you to get approved for credit cards more easily and even for your credit card limit to be extended. Even if all you can put away in your savings account is as little as $25 a month, still do this, as this will be perceived very favorably by lenders and credit card companies.

Car Capital Financial

If you need to build credit fast and live in Southern California, get a title loan from Car Capital Financial. We award title loans to clients from all over Southern California that are worth thousands of dollars and that are repaid in installments over a course of three years.

We award title loans extremely quickly, often on the same day of request and in some cases in as fast as 30 minutes! To get your loan today call us at 1-888-500-9887 right now!

 

 

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