How to Improve Your Credit
The better your credit is, the more favorable rates and terms you’ll qualify for. Therefore, it’s a good idea to improve your credit as much as possible. Before you do so, visit to check your credit report. Once you know where you stand, follow these tips to increase your score.
Pay Your Bills On Time
Even one late payment can ding your credit. Pay your mortgage, rent, utilities, car loans, and other bills on time, every time. Enroll in automatic payments or set calendar reminders on your phone so you don’t forget and miss a payment.
Keep Your Credit Accounts Open
Your length of credit history will have a direct effect on your credit score. Generally speaking, the longer you’ve had your credit accounts open and in good standing, the higher your score will be. If you can, try to keep your old accounts open, even if you want to avoid using them or have a zero balance.
Reduce Your Credit Utilization Ratio
The amount of debt you have divided by the amount of credit available to you is known as your credit utilization ratio. Since most lenders prefer a ratio of less than 30%, it’s important to reduce your ratio by paying off your balances early and spending less.
Payday loans for consumers with good, bad or poor credit are small-dollar, short-term financing options that can be used for a variety of emergency expenses such as:
If your car suddenly breaks down and you need new tires or another repair that only costs a few hundred bucks, a payday loan can help you out. Without it, you might not have reliable transportation to work, school, and other important places.
In the event you’re low on cash flow and can’t cover your next grocery bill, you can use a payday loan. It can help you feed yourself and your family until you get your next paycheck.
A couple hundred dollars short on your rent or mortgage payment? A payday loan may give you the extra funds you need to take care of it. Just make sure you don’t depend on it for every rent or mortgage payment.
The Advance America advantage
Since 1997, Advance America has helped millions of hardworking people with a variety of financial solutions including Payday Loans, Online Loans, Installment Loans, Title Loans and Personal Lines of Credit.
Certain limitations apply. Subject to approval. See your local store for more details and additional disclosures. Checks or money orders may be issued instead of cash. Licensed by the California Department of Business Oversight pursuant to the California Deferred Deposit Transaction Law. Licensed by the Delaware State Bank Commissioner to engage in business in Delaware. Delaware Licensed Lender License #s: 6996; 4472; 9644; 4474; 8061; 6971; 7092; 8052; 6076; 7400; 4473; 7556; 010431 and 012075. Rhode Island Licensed Check Casher. In Ohio, loans offered by Advance America Cash Advance Centers of Ohio, Inc., Lic.# ST. 76, main office located at 135 N. Church St., Spartanburg, SC 29306. In Texas, loans arranged with an unaffiliated third-party lender by ACSO of Texas, LP. d/b/a Advance America, a registered credit services organization (“CSO”), and subject to lender’s approval.
*Advance America makes title loan referrals to LoanCenter at no cost to you and does not qualify you for a loan. Loans made by First Electronic Bank, member FDIC, or Wilshire Commercial Capital, LLC. Not available in all states. Loans subject to lender’s approval. In California, loans are made pursuant to a Department of Business Oversight California Finance Lenders License, with a minimum loan amount of $2,510.