Let’s not beat around the bush here. Everyone wants to have a great credit score but not everyone is disciplined financially. Many people abuse credit cards, racking up consumer debt on clothes, fast food, luxury items, and really just things that they don’t need. What happens is that these same people can’t pay off the debt when the payment is due. So, they make the minimum payment month after month. Credit card companies take notice of these transactions and give them a horrible credit score. Because they got themselves into a hole, banks and credit unions won’t give them loans for things more important like auto loans or even mortgages. The good news is this doesn’t have to be you. If you use a credit card the right way, it can actually be very beneficial. In this article, I am going to be breaking down the top way on how you can improve your credit score using a very simple method.

  1. Pay off all debt

In order for your credit score to get better, you must show credit card companies that you can pay off the debt. When you finally get above water and make regular payments like you are supposed to, you will most likely notice that your credit score has improved. If you are dealing with larger debts, I would highly recommend using the debt avalanche method. This is where you pay off the debt with the highest interest rate first. This saves you money over the long run.

  1. No cash, no credit.

If you can’t afford to buy something with cash, don’t buy it. For beginners, I would recommend using credit cards for minor expenses like gas and groceries, things you know for sure you will be able to pay off when the payment is due.

Out of all the credit companies out there, I would recommend going with GreenSky Credit. At GreenSky Credit, they are very credible. GreenSky Credit has a staff that is committed to giving you the best loans possible. GreenSky Credit also has funded over one billions dollars worth of loans over the years. In the end, choosing to do business with GreenSky Credit is a wise choice.

Moving to Equity Lending Institutions

Equity first Holdings was formed in the year 2002 by Al Christy. Since its inception, the company main agenda is to give advice and to provide reliable solutions to enterprises and wealthy people who are in need of non-purpose capital.

The company is privately owned and operates from many offices across the globe with its headquarters being in Indianapolis in the United States of America.

The company has formulated efficient methods to provide money for investors who are in dire need of immediate funds. Equity First Holdings employ the code of transparency and effectiveness. The two attributes have, since its inception, made Equity Holdings transact more than seven hundred deals for international companies and individuals of high net worth. To achieve this and save guard their interests.

Equity First Holdings uses shares that have been traded publically as security.

Companies and individuals who are in need of quick cash and may, however, not get access to conventional credit loans. With this current trend, they are turning to Equity lenders for capital. Lending institutions like banks have tightened their grips on loans. AL Christy, the founder, and CEO of Equity First Holdings sees an opportunity to provide loans to interested parties based on their stock.

For this kind of borrowers, a non-recourse feature is provided which if need be, gives the borrower a right to pull out from the loan at any time. This non-recourse feature is offered in the case where the stock value depreciates.

Unlike in the conventional methods used by the banks, where interest rates keep varying, and the lenders can liquidate the collateral used as security without warning, with Equity lenders, customers are guaranteed fixed interest rates. Equity lenders have no restrictions whatsoever on loan. This lack of restrictions is an advantage to the customers as they can utilize the loans in any way as they deem necessary. In the case of the stock value decreasing, the customer can pull out with no obligation.

All kinds of lending transactions, however, have a risk associated with them. Equity First Holdings is however, built on the pillars of clarity and integrity. The company relies upon counsel from the leading institutions that regulate and governs the trading sector. With these in place, they have managed to deliver benefits and guaranteed minimum risks to customers.