Get Approved Loans!

We at RV Loan Providers are committed to get our clients approved loans with or without a good credit. 

You may be surprised to learn that a good credit score can save you hundreds or thousands of dollars on a car loan or credit card. For an entrepreneur, a good credit score can add up to tens of thousands of dollars in interest rate savings on long-term loans.

Here's something else to consider: When applying for a business loan, your personal credit score can be just as important as your business credit score.

Report your rental

Do you think that the only way to build credit history is accessing credit?

You're wrong!

If you are renting a property, the property manager is probably not reporting your rental payments to the credit bureaus. We have seen Financial members who start reporting their rent have seen their credit increase by more than 50 points, in just a few weeks! 

The trick here is to be proactive in reporting your rental directly to the credit bureaus. The cheapest way to do this is to contact the property manager and the credit bureaus to report the rent. The quickest way to do this is by working with the credit reporting agencies, which in turn communicate with the credit reporting agencies.

Get a secured credit card

A secured credit card is not the same as a prepaid debit card, nor is it the same as an unsecured card.

A secured credit card is a credit card that you open with a bank or credit card provider, and to obtain it you need to leave a security deposit of about $ 200 (to be returned when you close the card). Annual percentage rates (APRs) on these credit cards range from 9.99% to 18.95%. This is an effective way to build credit especially if you have no credit or bad credit.

If you already have a credit history, you can apply for an unsecured credit card that does not require an initial deposit.

Do not open many lines of credit at the same time. You may be excited and want to get multiple credit cards. Do not do it! The credit bureaus will penalize your credit score if you apply for credit from multiple creditors in a short period of time. Get started with just one credit card.

Buy electronic devices in installments 

The next tip is to buy an electronic device (or something similar, like an appliance) in installments. We don't recommend this if you already have a credit history, but it can be a great way to build credit if you don't .

Is it the same to do this and get a credit card?

This does not mean that you should open a credit card at the place of purchase. What I recommend is paying for electronic devices in installments. Buying them with a credit card can damage your credit if you exceed 30% of the credit limit. However, paying in installments helps you build credit.

So make sure that you can pay in installments what you buy, and that the store where you make the purchase reports these payments to the credit agency.