Five Ways To Improve Your Bad Credit In Nevada

If you’re looking for ways to improve bad credit in Nevada, there are many simple tips you can follow to improve your score. A higher score can lead to so much more financial freedom, so the effort that you are willing to invest in improving the number will definitely benefit you in the long run.

This guide from Nevada Title and Payday Loans, Inc. will explain tips for improving your credit score in Nevada. We will also go over how bad credit title loans can help you fund a financial emergency if you cannot get approved for a bank loan because of your low credit score.

5 Tips For Improving Your Credit Score In Nevada

When you have a credit score below 550, it may seem impossible to bring your score back to a healthy position. This is likely because you have debts you’re struggling to afford, or a financial emergency that affected your ability to make payments for a couple of months.

Bad credit in Nevada should not be a permanent issue; there are fixes you can do to improve your credit score to help you reach your financial goals.

The following are five tips for how to fix bad credit in Nevada quickly:

1. Check Your Credit Report

Your credit score will not reduce if you decide to check your own credit report. It is considered a ‘soft inquiry’ which does not impact your credit. Don’t be afraid to check your reports regularly, as it can ultimately improve your score if you manage to catch any errors.

While checking your report regularly will not improve your credit score, finding and fixing errors can. Remember that you can request free annual credit reports from each major reporting agency.

Some of the most common mistakes you should look out for include:

• Identity errors: Common identity errors include wrong name and phone number, mixing another consumer’s information with yours as he or she has a similar name, and errors that occur because of identity theft. Fix these simple errors to remove negative data on your credit report.
• Incorrect reporting of account status: Sometimes, credit reports can list the same debt twice, fail to update after you make a payment, or leave closed accounts open.
• Data management errors: Accounts that have the wrong credit limit and accounts with an incorrect balance. You may have made a payment that wasn’t accounted for, or the person who put the information into the system may have added an extra zero on mistake.

To dispute the error, you would have to send a letter to the credit reporting company. Make sure to include any copies of the documents that can support the dispute.

2. Reduce Your Credit Card Balances

Your credit utilization ratio accounts for 30% of your total score. It represents the amount of credit you’re using divided by the total available. The lower the percentage, the better.

If you're looking for how to fix bad credit in Nevada quickly, you can try paying off your credit card debt. We suggest starting with your highest interest rate debt, as leaving these unpaid can increase the cost rapidly over time.

Another option is to ask the card issuer to increase the credit limit. However, you must ensure that this increase will not change your spending habits. Ideally, you would want to keep your credit utilization below 30%. Anything below 10% would be ideal and will give your score a significant boost.

3. Diversify Your Credit Mix

If you want to fix your credit in Nevada, then it might be worth considering diversifying your credit mix. Lenders love to see someone who can responsibly handle different kinds of credit.

As a general rule, you should have at least one type of installment credit (mortgage loans, student loans, auto loans, etc.) and one type of revolving credit (credit cards, personal lines of credit, and so on).

It’s important to remember that you should not apply for new credit just for the sake of it. Apply only when you actually need it, and make sure that you can stick to the repayment schedule. Also, do not apply for too many credit accounts in a short period, as this can actually damage your score.

4. Keep Older Accounts Active

One of the easiest tips for improving your credit score in Nevada is to keep your unused credit cards open.

Though closing an account in good standing will positively impact your score, keeping the credit card could have a better effect. That is because once you get rid of the card, your credit utilization will automatically increase. You will also reduce the average age of the accounts (the length of credit history accounts for 15% of your score).

Before deciding whether or not to leave the credit card, ensure you’re not paying a ridiculously high annual or maintenance fee. If that’s not the case, you can put an automated recurring bill on the card so your account won’t get closed. Choose a small expense, like the monthly payment for your cellphone plan.

5. Pay Your Bills On Time

Payment history has the biggest impact on your credit score at 35%. Unfortunately, even a single missed payment can lead to a drop, and it will stay on your report for 7 years. That’s why ensuring you’re keeping up with your payment schedule should become one of your main priorities.

Set up autopay to avoid such situations when you forget to pay the bill. It will take the money directly from your account to pay your bills before missing a payment.

If you feel like there are way too many payments that you need to make on the same day or week, you can try asking your creditor to change the payment due date. Spreading your bills at least two weeks apart might be a great way to avoid late payments, especially if you get paid biweekly.

Bad Credit Title Loans: Borrow Money Fast While Rebuilding Your Credit Score

Has a financial emergency come up with you have tried to fix your credit in Nevada? Nevada Title and Payday Loans, Inc. can help with our bad credit title loans. Those who have fully paid off their cars can use their lien-free vehicle title as collateral to borrow up to $15,000.

You only need three required items to get approved: your driver’s license, a lien-free car title in your name, and the vehicle attached to the car title for a quick inspection. Bad credit title loans offer many advantages, including same-day approval, access to cash within one business day, and borrowers getting to keep their cars.

However, the most essential benefit for bad credit borrowers is the ability to borrow money without your credit score affecting approval. We will not do a credit check, so you can get approved with bad credit or no credit. We also will not report our title loans to the major credit bureaus, so your credit score will not go down after borrowing money.

Get Bad Credit Title Loans In Nevada – Borrow Up To $15,000 Today

Bad credit in Nevada should not prevent you from getting emergency cash when you need it the most. We at Nevada Title and Payday Loans, Inc. understand that and are committed to helping you get the financial help you need. You can apply for title loans online and get approved in person in less than 30 minutes!

Ready to get a bad credit title loan today? Fill out our online inquiry form or call us to learn more. 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.