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How to Increase Your Credit Score

Have you had your credit score checked recently and realized it was lower than you thought? Perhaps you are trying to get mortgage and you want your credit score to…

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Have you had your credit score checked recently and realized it was lower than you thought? Perhaps you are trying to get mortgage and you want your credit score to be as high as possible. Or even, you are just trying to be smart about your finances and looking to raise your credit score. Regardless of your reason, there are many different ways in which you can raise your credit score. Keep reading to learn more.

The first tip is to always stay on top of your payments. This means if you are using a credit card, make sure you can at a minimum pay the minimum amount on it each month. This is so important that you are never late. If you are trying to purchase a home, this will show the Idaho bank that you are serious and can be trusted to make monthly payments on time. It’s even better if you are able to pay off your credit card each month. This will help to increase your credit score.

The next tip is to get your credit score checked from time to time. This will allow you to ensure that you are managing your finances and that you have no outstanding debts in the world. This can also verify that no one is using your identity and not paying it off. This can end up causing a lot of issues however if you get your credit checked annually, you will be able to get them taken care of quickly.

There are a lot of score-boosting programs out there which will help you with your credit score, if you are serious about increasing it or increasing it by a particular time, you may want to look into those more.

The next is to not get your credit score checked too often. Although you want to check it, if you check it too often this will actually lower your score.

It’s important to know when to be active in trying to get your credit score higher. For example, if you have at least a year away you may want to take out a credit card so you can pay it off right away and increase your credit. If you are only a month away, you won’t want to make any large purchases or take out new credit cards because this can hurt your credit.

Our final tip is to be patient. Increasing your credit score won’t happen overnight. Depending on what yours looked like before, it can take years to increase. If you are patient and continue to do all the right things, it will start to slowly increase in a couple months. If a mortgage lender is seeing you are doing the right things and have been consistent, they will also take this into consideration.

Increasing your credit score is not always easy. In fact, it typically is something you always work on. When you know these tips and you start following them, your credit score will start to increase. For more tips on increasing your credit score, contact us today.

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Investing in Apps for Future Profits

Thanks to the app ecosystem growing in such a significant fashion, there’s now a booming market of mobile apps designed to help you make money. Whether you’re a seasoned FOREX…

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Thanks to the app ecosystem growing in such a significant fashion, there’s now a booming market of mobile apps designed to help you make money. Whether you’re a seasoned FOREX trader or a rookie, everyone can do with a little extra cash in their pocket at the end of the year.

That’s why, today, we’re going to show you how you can invest in apps and start making a small nest egg for yourself. By signing up with any of these services, you can get to work on your portfolio and start seeing some serious gains; you won’t be like Gordon Gecko (though that’s a good thing, right?) but you will have a little change to throw around.

Acorns

Investing in Apps can turn your phone into a profit center

Acorns is a pretty ingenious idea for an app. Basically, it’s an iOS and Android app (which you can download for free) that helps you turn your spare change into returns that are actually significant – over a long-term basis, of course.

So how does this work? Well, first, you download the app and sign up to their service. Link your account to whichever bank card you’d like to use, and then forget about it. Whenever you use that card to pay for items in the real world, Acorns will deduct it from the next highest dollar value (which is a fancy way to say that it rounds the price up to the next dollar).

The difference is then invested into your portfolio, and Acorns allows you to decide how risky you’d like your trades to be. The lowest risk will, of course, offer the steadiest returns, but at a rate some of you might find boring. The higher risk, on the other hand, may pleasantly surprise you one day – but don’t say we didn’t warn you if you end up broke!

Betterment

For those of you who’d like a more traditional type of experience, Betterment is somewhat like having your own personal stock trader, except its behaviour is completely controlled by a series of algorithms.

You’ll create your own account, and then pledge an investment of anywhere between 0.15 to 0.35 percent of your annual salary. By specifying the kind of returns you’d like to see (whether that be to build wealth or create a nest egg), Betterment will start to make the kind of investments that are suited to your goals and hopefully get you there.

Openfolio

Openfolio is a great idea for an app which isn’t directly related to making trades, but will definitely be of use to anyone concerned with keeping a comprehensive overview of their financial affairs.

Essentially, you can connect the app to every aspect of your financial life. In fact, Openfolio proudly boasts compatibility with over 100 banks, meaning that you can keep an eye of your cash flow and assets while also being presented with some very easy-on-the-eye analytics to help you understand how all of them are working together.

Likewise, it can provide advice on how you can make your cash work better for you without needing to actually do any work. This one is highly recommended by us!

For more great posts about trading, remember to keep checking back. It’s obviously a notoriously intricate thing to get involved with, but these apps can help you start to build a better future for yourself with a minimum of time invested.

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