Fast Track to Building Credit as a Gig Worker
Friday, 3 May 2024, 21:00
Boost Your Credit Score Quickly as a Gig Worker:
There are several strategies you can use to build credit if you don't have a regular 9-to-5 job.
Expert Strategies:
- Payment history (35%): Establishing a record of responsible on-time payments.
- Amounts owed (30%): Managing credit card balances effectively.
- Length of credit history (15%): The importance of long-established credit accounts.
- New credit (10%): Qualifying for new credit accounts.
- Credit mix (10%): Variety of accounts on your credit report.
To quickly boost your credit score, consider settling any unpaid collection accounts and responsibly using a credit card. Whether through a standard, business, or secured credit card, making timely payments can have a positive impact on your credit score.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.