Add 1 or Preferably 2- Low Amount Secured Loans
Note: This is a fantastic way to jump your score like crazy. Serious folks. This first option (SelfLender.com) Will cost you $12.00 up front and will show up as an installment loan from a bank. You choose between a few payment choices $24, $48, $100 that goes into an account. You even choose the length of loan. Once the term is up you can get all the money back.
PS; Here is why this works so well. This will add installment loans from Banks to your credit profile. FICO doesn't care about the amount of loans, because remember FICO is setup to judge credit worthiness not income. Also FICO doesn't care if the loan is secured or unsecured. It only cares about the payments.
Traditionally, consumers with bad or no credit histories were relegated to high-fee loans or credit cards that provided minimal help to their credit building journey. Those substandard options are changing as Fintech companies leverage advances in technology to create consumer products with lower fees and greater impact on credit scores.
A Credit Builder account through SelfLender includes and installment loan for between $500 and $1,700. The money from the loan is placed in a certificate of deposit (CD) in the customer's name. and monthly loan payments are reported to three credit bureaus. Once the loan is paid off, in 12 to 24 months, the CD is closed and a check for the full amount, including interest earned, is send to the customer. Average credit score gains from the service have ranged between 40 and 100+ points.
PS: If you don't have a lot of money choose the lowest payment option it will increase your credit score the exact same as a higher payment. Also Self Lender doesn't do a credit check (yeah you heard me right no credit check)
PSS: Make sure you make your payment because if you go 30 days late it will report negative. if you cant make the payment call SelfLender before the 30 days.