Sometimes money and career questions can feel so sensitive and personal that it makes sense to stay anonymous when asking them.
Sometimes money and career questions can feel so sensitive and personal that it makes sense to stay anonymous when asking them. This is why the Savvy Confessions community group is the perfect place to vent because all postings are kept anonymous.
In the latest Savvy Confessions, a reader asks for help on improving her credit score and wonders if she should take out a loan just to raise her score. I reached out to credit expert Bethy Hardeman from CreditKarma.com, a site that provides free credit scores, financial education, and personalized savings recommendations.
I'm trying to figure out a way to improve my credit score other than waiting it out. I'm doing everything right so far, I have a secured credit card, which I'm only charging $15 a month to every month. The limit is $300. I don't have any other credit cards. I don't have any good debt, unfortunately (i.e., school loans, a mortgage, or a car). And I'm not planning on getting any in the near future. I don't have any negatives on my credit report.
The only think I can think of that I can do is to take out personal loans. I don't need to take any out, but I'm thinking of doing it just to improve my credit score because I feel like I'm out of options. Anybody know anything about that? Or rather than personal loans, any more ideas on how to improve my credit score?
To hear what Bethy has to say, read on.