Taking a hit to your credit score can happen quickly.
But raising your credit score that can take a bit more time and effort.
While its definitely not impossible, youll need some patience.
Experian has a free feature calledExperian BoostTM* that adds the bills youre already paying to your credit report.
This helps you show lenders you have a history of making on-time payments an important factor in credit-score calculations.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Could Experian BoostTM Add Points to Your FICO Score?
(Your info stays completely private and encrypted, by the way.)
Typically, these on-time bill payments dont improve your FICO Score.
Itll also give you free access to your Experian Credit Report and monitor it for anything fishy.
If something doesnt look right, youll get an alert.
Did you know?
(So no sneaky charges down the road.)
*Results may vary.
Some may not see improved scores or approval odds.
Not all lenders use Experian credit files, and not all lenders use scores impacted by Experian Boost.
**Credit score calculated based on FICO Score 8 model.
Learn more at Experian.com.
Kari Faber ([email protected]) is a staff writer at The Penny Hoarder.
When you log into your bank account, how do your savings look?
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
