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Give Yourself Some Credit. If Your Personal Credit Is Not The Best, Do This!

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Hey there! It's your girl, Kelli, and today we're going to dive into a topic that could make a significant impact on your financial well-being.

It’s not a popular topic.

It’s a little like not wanting to open up your credit card monthly statement because you don’t want to be surprised by how much money you spent last month!

However, it’s important! The topic? The importance of having good personal and business credit.

It might not be the most glamorous subject, but trust me, it's essential for building wealth and ensuring financial stability.  

Let’s be honest, we don’t all have the best credit. If you have an 800, that’s awesome, however, maybe you have a friend with challenged credit who this article will help.

Having strong personal and business credit is like having a secret weapon in your financial arsenal. It opens doors to better opportunities, lower interest rates, higher credit limits, and more favorable terms when you need to borrow money. Whether you're looking to finance a new car, buy a home, start a business, or expand your investments, having good credit can make all the difference.

So, you might be wondering how to improve your credit scores or build credit from scratch.

That's where credit builder programs can come into play. These innovative platforms, like Ava and Kikoff are designed to help individuals establish and enhance their credit profiles. By using these programs strategically, you can boost your creditworthiness and strengthen your financial standing over time.

Ava: Ava helps you improve your credit score fast. 74% of Ava members see an improvement in less than 7 days.

How does it work?

  • Sign up and link a bank account where your paycheck is typically deposited.

  • Use your high-limit Ava Credit Builder Card to pay your everyday bills, to a limit, to raise your credit availability and decrease your credit utilization.

  • Make monthly payments to your Save & Build Credit account. It’s the perfect way to build both a savings account and your credit score. You put up to $30 every month into an Ava wallet for 12 months, Ava will report these on-time monthly payments to the credit bureaus, and you will get all the money back after 12 months.

  • Watch your score take off while Ava reports your history to all three credit bureaus.

Kikoff: Kikoff is another fantastic option for those who are looking to elevate their credit. They also help establish positive payment history and lower utilization, both important factors in calculating your credit score.

How does it work:

Kikoff offers 3 products:

Credit Account: The primary product: a revolving line of credit designed to address the 3 key factors of your credit score: payment history, credit utilization, and age of accounts.

  • Build monthly payment history and Kikoff will report all of your payments to Equifax and Experian.

  • Reduce your credit utilization by signing up for Kikoff and receiving access to a $750 line of credit to make purchases from Kikoff.

  • The older your accounts, the better. The Credit Account doesn’t expire, so it will continue to increase your average account age.

Credit Loan Builder:

  • A 1-year credit-building plan that also builds $10/month in savings. At the end of the year, you’ll have built 12 months of payment history and you’ll get your $120.00 savings back.

Secured Credit Card:

  • This is a free, secured credit card product that safely builds your payment history through your everyday transactions. The Secured Credit Card works like a debit card but has the benefits of a credit card.

Kikoff is an official data furnisher to the 3 major credit bureaus: Equifax, Experian, and TransUnion. Kikoff reports every month, at the start of the month.

Remember, good credit isn't just a nice-to-have—it's a game-changer that can supercharge your financial success. By investing in your personal and business credit health, you're investing in yourself and your future.

So, if you're ready to level up your credit game and unlock a world of financial possibilities, don't hesitate to explore these credit builder programs. Your financial future will thank you!

These are only 2 of the personal credit builders programs that are available. Next week, we’ll check out the programs that are available for business credit building.

If you're curious to learn more about these credit builder programs, be sure to click the links provided in this article. Trust me, it's worth the click!

Stay fabulous, stay financially savvy, and remember—your credit score is your financial superpower.

Until next time, happy credit building, Wealthy With Kelli family! 🌟🚀💳 #GoodCreditVibes #FinancialSuccessJourney"