improve your credit

3 Secrets to Improve Your Credit Score

Having a poor credit score can negatively impact your ability to get approved for loans. This can jeopardize your financial future as you might not be able to get a student loan, a business loan, or loans for emergencies. Even if you do manage to get approved, the cost might simply be too high or the amount lent too small.

If you have poor credit then don't fret, here are 3 secrets that can help including payday loans.

Ways to Improve Your Credit Score

Keep Credit Utilization Low

If you want to improve your credit, the first thing you can do is to reduce your credit utilization. Basically, credit utilization is the percentage of your credit limit you have used. For example, if you have a credit limit of $1,000 and you use $500 then your credit utilization will be 50%.

A low credit utilization will improve your score as you will be favorably viewed by lenders. Try to keep your credit utilization under 25%. However, if you cannot reduce the credit you have used, you can increase your credit limit; naturally, this will lower credit utilization as well.

One way you can do this is by getting a secured credit card. Not only will this help lower credit utilization, but it will also improve your credit score. Essentially, secured credit cards are backed by your bank deposit, which is also your credit limit. So, if you have $500 in your bank account then that would be your credit limit.

People with bad credit can also apply for secured credit cards.

Build Your Credit

If you want to get a loan and build credit you need to have credit to begin with. The chicken and egg philosophy can be very frustrating, and this is where credit builder loans come into play. These loans are specially designed for people who want to build credit.

You can get as much as $1,000 from credit builder loans although the amount is held as collateral in bank accounts. As long as you make timely payments, your credit score will keep on building and in the end, the money can be released to you.

You can also get installment loans to build your credit. Although, installment loan lenders will check your credit score, bad credit can be accepted. An advantage of installment loans over credit builder loans is that the amount borrowed will be released to you immediately.

Limit Your Loan Applications

Too many loan applications in a short period of time can negatively affect your credit score. Lenders might think that you're too dependent on loans. When you apply for a loan, most lenders will do a hard check on your credit history, this will reduce your credit score further. Try to reduce the numbers of applications you make or at least space them out.

Calendar with payday circled and cash

Get a Payday Loan

If you have poor credit and need urgent cash for emergencies; such as sudden medical bills, car repairs, or unexpected travel then you can opt for a payday loan. Payday loans are unsecured short-term loans that are essentially an advance on your salaries. Once you get a payday loan, you have to pay it back when you get your next paycheck.

If you live in Carolina, be sure to check out

Benefits of Online Payday Loans

Easy Access and Fast Payment

Payday loans are easy to acquire and guarantee cash payment the very same day. With Carolina Payday Loans, you can get as much as $550 and the whole process is very easy. After you fill out an online application and your loan has been approved, the cash will be promptly transferred to your account.

No Credit Checks

If you have been behind on your credit card payments, do not worry because payday loans do not need a strong credit history. Credit checks are not required and no credit history is accepted as well. Also, all types of incomes are acceptable for payday loans.

No Need for Collateral

Another benefit of a payday loan is that it is unsecured, meaning that there is no requirement for any collateral.

How to Acquire a Payday Loan

In order to get payday loans near me, you can either visit a store or you can simply search for it online.

Here are the steps to get one:

  • If you live in Carolina, click on
  • Visit our website and fill out the online form
  • Once you have applied, a representative will call you and ask you to visit a store near you
  • You will have to bring your driver’s license or state ID, your latest salary slip, and a blank check from your active bank account
  • The representative will check your documents and let you know the loan amount you are eligible for
  • Once it has been approved you will get the amount deposited in your account the same day
  • The whole process should be finished in under 30 minutes

Following these simple secrets to improving your credit score will leave you in a better place financially with better options and rates.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.