Having the best possible credit score can give you financial flexibility when making major purchases. However, if you’re just starting out or if you are rebuilding your credit, there are different strategies to consider. When you’re trying to build your credit, it’s best to think as simply as possible. Paying your bills on time is the easiest way to build your credit, and we’ve explored some of the bills that can help you the most.
Utility And Phone Bills
Most people will have utility and phone bills, and they must be paid on time. If you miss payments, not only will you risk having these services turned off, but you may also need to get a credit repair specialist involved. One way you can build your credit is by making monthly loan payments on a new phone. You could also charge these bills on a credit card and make timely payments in full to indirectly help your credit score.
Vehicle Insurance Payments
While it might make sense that vehicle insurance payments help boost your credit, this usually isn’t the case. An experienced credit repair specialist will sometimes recommend charging these payments to a credit card and then paying off the credit card in full. Doing so can help you build credit slowly.
Medical Bills
Simple payment of a medical bill won’t help you build your credit. However, sometimes you can apply for healthcare credit cards to assist in paying certain bills. By paying these healthcare credit card balances in full each month, you can build your credit just like you would through normal credit cards. This information gets reported to credit bureaus in the same way, so it’s essential to pay the bills on time to take advantage.
Work With Credit Specialists To Build Credit Effectively
Working with a credit repair specialist is one of the best ways to build your credit effectively. They can help explore different strategies based on your situation so you won’t have to jump through many hoops to improve your score. It often comes down to finding ways to pay bills on time, which can, directly and indirectly, impact your score.
Core Credit Solutions is the specialist you can trust when you need to fix your credit in Los Angeles. Our team has more than 25 years of experience in helping Los Angeles residents fix and improve their credit. We take simple and detailed approaches to ensure every client is treated uniquely. When you’re ready to take control of your credit, contact us to schedule a consultation and learn how we can help.