đź’¸ Minimize Monthly Expenses with The Best Apps for Monitoring Credit
Although the numbers vary, between 670 and 739 is considered to be a high credit score. Wondering what you can do with a credit score like that? Just about anything.
A healthy credit score allows you to effortlessly land insurance, discounts for a home loan, a higher credit limit, better car insurance rates, and it can even boost your job chances.
Unfortunately, it’s completely useless to talk about benefits if your score is low. We already talked how to pay off debt and now we bring you 3 tips to increase and maintain a healthy credit score.
1. 30% Credit Balance Rule
First, you need to bring the amount of money you owe to a credit company below 30%. Meaning, if your combined credit limit is $1000, you should keep your debt at $300 or less.
A nifty trick you can do is to reduce your debt below 30% just before the end of the billing month.
Finally, to easily keep an eye on your debt, there are mobile apps that allow you to check all your credit cards at once.
2. Keep Inactive Credit Cards
When you close a credit card, the credit company removes your credit card history after 10 years.
This cuts your overall credit age and lowers the credit score. In other words, erases proof that you can manage additional credit you might need.
Still, closing a credit card has benefits like preventing you from recklessly spending money. So, analyze your situation before you make a decision.
3. Set Up Bill Reminders
Paying bills is easier said than done, but timing your credit payments is the biggest contributor to a healthy credit score.
Since we are living a hectic life, we often forget to pay. Thus, you end with a lower score because you forgot to pay a meaningless bill.
To keep an eye on your payments, we suggest an app called Prism. It helped us a bunch of time to pay something we’d probably forget.
Finally, realize that fixing your credit score doesn’t happen overnight. Imagine it like growing a plant - you have to water regularly for the plant to grow.
But watering a plant isn’t hard work, right? Neither is nurturing your credit score if you know what you’re doing and the tips can help you out.
Finally, by using one of The Best 10 Apps for Monitoring Credit, the entire process will become even easier as long as you commit to making it happen.
Check below:Best 10 Apps for Monitoring Credit
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Credit Sesame
Achieve your financial goals. Credit score, credit report card, and action plan.4.8 Ratings 468K+ Reviews 5M+ DownloadsFree Fresh In App Purchases Editor's ChoiceFree In-App Purchases![Google Play]()
Free In-App Purchases![App Store]()
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Credit Karma
The money app where your hard work pays off on your financial progress.4.8 Ratings 8M+ Reviews 10M+ DownloadsFree Feature Rich Fresh 1M+ Reviews Editor's ChoiceFree![Google Play]()
Free![App Store]()
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TransUnion: Credit Monitoring
Get access to your latest TransUnion Credit Score and Report, anywhere you are!4.5 Ratings 34K+ Reviews 500K+ DownloadsFreeFree![Google Play]()
Free![App Store]()
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CreditWise from Capital One
CreditWise from Capital One - Free credit score and monitoring4.6 Ratings 102K+ Reviews 5M+ DownloadsFree Feature Rich FreshFree![Google Play]()
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Credit Score Report - Get Your
Official Credit Report4.8 Ratings 963+ Reviews 10K+ DownloadsFreeFree![Google Play]()
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Kikoff - Build Credit Quickly
No fees, no interest, no catch.4.8 Ratings 77K+ Reviews 500K+ DownloadsFree FreshFree![Google Play]()
Free![App Store]()
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Credit Score
Perfect credit scores and reports from TransUnion, Equifax and Experian4.8 Ratings 958+ Reviews 10K+ DownloadsFreeFree![Google Play]()
