What’s Your Credit Score Type? SmartCredit Breaks It Down

Written by Banks Editorial Team
3 min. read
Written by Banks Editorial Team
3 min. read

SmartCredit knows the many ways you can build your credit. When you have better credit, it opens the door to home ownership, driving the car you really want to drive, and taking your family on the vacation experience of a lifetime. Each of these may require either a good credit rating, a history of on-time credit payments, or access to higher credit limits. And the path to reaching these credit goals may require you to keep a close eye on your credit scores through the years.

This way, you can determine what financial moves can actually increase your credit score – and which ones (like skipping a credit card payment) can take you in the wrong financial direction.

So ask yourself, “When it comes to credit scores – are you a credit score tracker, a credit rating builder, or a credit report master! The truth is – SmartCredit.com does it all – helping you track, build, and master your credit scores are all important parts to achieving a better credit report.

Credit Score Apps

Experian Boost is a free service that allows you to add eligible, on-time payments to your credit report, potentially increasing your credit score.

Score Trackers Know Where They Stand

SmartCredit makes it easy to check your credit reports, an essential part of credit diversified and to make sure your credit is being reported correctly and in a timely fashion. A diversified credit report means you have credit spread out in many forms. The types of credit that is essential to improving your credit score include:

  • Revolving Credit – usually with major department stores
  • Credit Cards – preferably with low interest rates and high credit limits
  • Installment Credit – mortgages, auto loans, and student loans paid on-time
  • Open Lines of Credit – access to cash through a credit lender

With our proprietary ScoreTracker app, credit trackers will know where they stand on all their reported creditors, credit limits, and payments. They also know how each of the 3 main credit reporting agencies are scoring their creditworthiness, which is determined by how well they stick to their repayment obligations. Using our ScoreTracker, you can check your credit score more often and without penalty. This makes it easy to discover how credit scores change over time.

When you partner with SmartCredit, we supply an easy-to-use ScoreTracker app to give you a clear look at the different types of scores you have so you can always know where you stand.

Credit Score Apps

Experian Boost is a free service that allows you to add eligible, on-time payments to your credit report, potentially increasing your credit score.

SmartCredit Helps Credit Builders Move Ahead

It can be difficult to know how you can move from bad credit to fair credit – or even from good credit to an excellent credit rating that can help you get that loan to start your own business. SmartCredit helps credit builders move ahead with a ScoreBuilders account is a unique 120-day plan to help you build a better credit score.

How do you build a better credit score – by making a plan and taking action. The ScoreBuilders app helps you create a 4 month, personalized plan that moves you away from hurting your credit score to improving your credit score. Here are questions to ask yourself when you sit with the ScoreBuilder and start planning for a better financial future:

  • Do I have errors on my credit report?
  • Am I paying my bills on time?
  • Do I have too many credit cards to keep up?
  • Should I reduce the amount of debt I owe?
  • Should I close some unused credit cards?
  • Do I have the best rates for my loans?

Building your credit means taking action on negative credit items and adding positive reports with on-time payments. Credit score builders enjoy watching their credit scores go up, and up, and up!

Big Goals Demand a Credit Master Like SmartCredit

Now that you’ve tracked what things impact your score for the better, and you removed negative creditors and built-up good a record of timely payments – it time to master the credit game! SmartCredit makes it easy with ScoreMaster that can look ahead and tell you how much your credit ratings will improve when you make certain financial decisions.

For instance, there is a balance between how much credit you use, when compared to how much credit you have available. Better yet, ScoreMaster lets you know the best date to make a payment, so you can move your credit score up! You know the next payment is due, how much to pay and when to make a payment because the app simulates your credit score in a what-if scenario.

With the ScoreMaster plan, SmartCredit will actively monitor your credit, looking for signs of fraud or negative score changes. We’ll alert you to all changes, good and bad – so you can make the right decisions for your financial health. Sometimes it’s a good idea to spend more for the purpose of increasing your credit score. Other times, the best move forward is to reduce debt, spend less, and pay down current creditors. A credit score master is expert at improving their credit scores among the three reporting agencies.

Become a SmartCredit Member today, and you’ll be a credit tracker, credit builder, and a credit master in no time!

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