TIPS AND TRICKS: CREDIT SCORE

This post is a little bit different than anything I’ve written before but money is a touchy subject. It crossed my mind that we discuss so much in life – relationships, careers, family dramas – but we never really discuss finances. Perhaps we’re ashamed, embarrassed or just find it an awkward topic to bring up in conversation. However, I don’t think it’s a topic which should be so easily brushed over because we could all learn something, particularly when it comes to our credit score.

Ah credit, credit terrifies me. I was the ripe old age of thirty three when I got my first credit card because the thought of debt, of owing a company money, sent shivers down my spine. As someone who hid from credit like a child hides from the boogie man, I was surprised at how difficult it was to obtain credit. Not because I had a lot of strikes against my name but because I had no credit history. I had no way of showing I was sensible with my money and could manage obtaining finances. Yes in the end it all worked out and I have my card for emergency use only, but it was a mountain to climb. I actually wish I hadn’t waited as long to jump on the credit bandwagon. 

Now don’t get me wrong, obtaining credit is not something that should be done without serious consideration. If you can’t afford it, don’t do it. But if you’re like me and looking to the future, your credit score should reflect this, highlighting the sensible wee soul you are. And let’s not forget there might be a time obtaining credit is the only solution to get you out of the  temporary hole you’ve found yourself in. So whilst I would always proceed with caution and care, I’m not as anti obtaining credit as I once was. In fact, I would argue it is vital to kick start your credit score.

One of the easiest, simplest and most effective ways I found to give my credit score that much needed boost, was to obtain a short term loan in an amount I could afford to pay back quickly and without hassle. Cash Lady offer a variety of options over a time period to suit you and I have to say, it’s worth looking into if you’ve found yourself in the situation I was. Now by no means am I saying you should go obtaining credit left, right and centre because we’re looking to kick start and improve our credit scores, not obliterate them! But if you’re like me and looking to mortgages and your personal financial future, using short term loans to effectively boost a credit rating is not something I am against at all.

Obtaining credit is scary but in today’s world, I would argue it is necessary. Do your research, be sensible, but look to improving your credit score as soon as you can. It will definitely benefit you in the future. 


This post was in collaboration with Cash Lady. All thoughts and opinions are my own. 

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2 Comments

  1. December 29th, 2018 / 9:07 pm

    This is such a good idea! I got my first phone contract at 18 and I didn’t even realise at the time that by making my payments on time I was doing a lot of good for my credit score. These are really good tips!
    Sian | http://www.siankathrine.co.uk

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