Scoring Fast and Big!
One of the biggest mysteries of the financial world comes down to credit cards. Many people don’t really understand how credit cards work and/or how to improve their credit score (otherwise known as your FICO score). Even though a large majority of people use credit cards, not all of them use them responsibly. Using a credit card can be a great burden for some, but if you stay on top of your bills and pay them off responsibly then your credit card can be a great tool. However, your credit score is a different issue. Having a great credit score can open the door to a bunch of more useful perks – some of the best uses for a good credit score would be a car loan. Having a great score can give you a fantastic loan to get that dream car that you always wanted without having to have the money up front. But how do you improve your credit score?
Well first, you need a credit card. Getting a credit card under a brand that you’re comfortable with and trust is huge. There are lots of credit card companies out there that only want your money, but there are others that genuinely want you as a loyal customer. Do some research, and make an precise decision. Next you need to start establishing credit history. This is done by buying small things and paying them off immediately. It shows that you have the money and worth to pay things off, and it also helps you get into a good habit of paying your bills on time. You can’t be late on your bills or it will badly injure your credit score! The list goes on and on of ways to improve your credit score, but here is another fantastic thing you might be interested in:
Amazon Prime. If you’re a heavy online shopper then you may already have Amazon Prime, but if you’re not, you probably will after you check it out. Amazon Prime is Amazon’s premium membership that allows you free two-day shopping on a large portion of Amazon’s stock. On top of this you get free access to a huge library of movies and TV shows that you can stream right from your computer or other devices. This service is only $99 a year, so if you’re a heavy online shopper, you could more than make-up the cost in just handling fees alone. But the greatest thing about this fantastic membership program is that, if you are a student, the cost is only $39 a year. Amazon is really catering towards the “poor college kid” demographic, so be sure to jump on it!