@VileJinx Hey Jinx! Opening or closing any financial account can temporarily reduce your score. Unfortunately, this is the case for every credit-building product, and your points will be forfeited once the account is closed. 🙏
You asked, and now it’s finally here 👀 Start tracking your credit score with the new Credit Journey on the Extra App. This feature lets you see changes to your credit score as you swipe and build credit with the Extra Debit Card. Not a member? Head to the link in bio to apply.
For Black History Month, we’re featuring Black personal finance influencers.
Today, we’d like you to meet Chris Browning at @popcornfinancepodcast. He covers everything from student loans, credit, and even side hustles to make extra $$$. Check out his podcast! #BlackHistoryMonth
Honestly, do you know what a credit score is? No? That’s ok. Today on Credit Talk with @extra.card, we break it down & make it less scary. WHAT ARE YOUR CREDIT QUESTIONS?
If you’re looking to build your credit, look into the Extra Debit Card instead of a traditional credit card. Apply with no credit check and build credit with every swipe.
Head to the Extra Blog for more 👇
https://t.co/qcy6bsCVjb
Opening a new credit card can lower your credit score.
If you catch your score dropping after applying for a new credit card, these three reminders might be why 👇
@Captain5Carnage the Extra Debit Card only allows you to use the money you already have to build credit on the everyday purchases you're already making. 👑
#2 Be aware of interest rates
Heads up—Your credit score will probably determine how much interest you’ll pay for the loan. Be sure your extra monthly cash goes for road trips and gas than paying off more interest.
If you’re looking to build your credit for a new car, consider getting the Extra Debit Card. Apply with no credit check and build credit with every swipe.
Learn more on the Extra Blog 👇
https://t.co/M9XLkCnQ6h
#3 Keep old accounts open
The length of your credit history can help your credit score. Consider leaving old accounts open—even the credit cards you don’t use anymore—to help cushion your score when shopping for a new car.
#1 Aim for *at least* a Fair credit score
The dealership will review your income and credit score to determine what your payment terms will be. You’ll want a minimum score of 657-661 to get a favorable loan.
That new car smell never gets old—but to actually *buy* a car, you’ll need a solid credit score.
Read why below before asking the dealership for a test drive 👇