Build Credit – No Debt

Building Credit is Easier than You Think

Building your credit is more about utilizing the tools currently at your disposal. Sites like Rental Kharma, for example, take something you’re already doing every month – paying your rent on time – and arranging it so those payments are reflected positively on your score. This shows you don’t have to open a new line of revolving credit in order to build or increase your score.

Improve Your Credit

Improve your credit, just by paying your rent on time!

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Easy Ways to Build Positive Credit

Take Small Steps

Credit Reports aren’t going to be cleared of erroneous information over night. Your credit score isn’t going to magically skyrocket up 50 or more points in a single month. Building your credit takes time and commitment on your part. It is a small, incremental steps over time while you get your finances in order and start to improve your life.

Be Proactive

In addition to having your on-time rental payments added to your credit report, the best way to increase your score is to be proactive about your credit and how you spend your money every month. Getting out of debt and building your credit takes a desire and the ability to act on it in order to attain the life you want.

Avoid Unnecessary Credit

Life is going to throw some unexpected expenses your way. It’s possible you may need to purchase a car out of necessity, or some other requirement that will cost you more than you currently have. These are understandable. What’s important about building or improving your credit is avoiding any large expenses you don’t need.

Make Sure Payments Get Reported

In our society, having a couple of positive accounts on your credit report isn’t enough to bolster your credit score. If you’re trying to get a mortgage or just build your credit score up a little each month, there are a few things you can do. If you’re one of the 110 million people in the U.S. who are renting over 43 million residences, your on-time rent payments aren’t being reported to any of the credit bureaus. Sites like Rental Kharma make sure your rent payments get reported to the credit bureaus so you can start building your score.