What Are 3 Quick Ways to Boost My Credit Score Right Away?

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You've been working hard on your finances, you know your goals, but then

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that single number, your credit score, feels like you just hit a brick wall.

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Maybe it's lower than you expected and it's holding you back, and

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that feeling of disappointment of frustration, it's heavy, isn't it?

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What if there are powerful, quick actions that you can take right now

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to see that number start climbing and finally cut through that frustration.

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Well stick with me because we're diving into exactly how to find

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that breakthrough on today's show.

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Hey there, and welcome back to your Daily Financially Confident Christian.

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I'm Ralph, and it's genuinly great to be with you again.

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Remember, this is the show that helps you answer that question, how can I

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become a financially confident Christian?

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And we're continuing in our series dealing with the stress of money worries.

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Now, yesterday we talked about understanding your credit report

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and your score, and we talked about how to dispute issues if you have

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something wrong on your credit report.

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Well, today we're gonna take that knowledge even a step further, and we're

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gonna actively talk about improving your credit score with some immediate impact.

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So let's ask today, what are three quick ways to boost my

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credit score and do it right away?

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Now you've checked your credit score, like I said, perhaps you, you

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were avoiding it for a long time, but, but now you've seen it, you've

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taken my advice and you've seen it.

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Now you're looking at that number and you're like, Ralph, this

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number is not what I expected.

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And honestly, it feels like a punch in the gut.

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It feels like disappointment, a silent barrier to the goals that you have.

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those dreams that you have, like buying a home or getting a good loan rate, or

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even getting the loan into first place.

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And you understand deep down, you know that building credit takes time.

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This initial discouragement, it's just heart threatening.

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It's heartbreaking, and you feel stuck.

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Then you feel like you're, you're stuck in this struggle of wanting this

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immediate impact while letting the credit bureau build your report over

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the long term, and it feels so limiting.

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But here's the thing.

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You need to understand, and, and I, and I completely understand that

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frustration, and I understand that disappointment, I've been there.

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I remember at one point when I wasn't honoring my credit.

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And I wanted to go get a new car loan and I went into the finance

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office and the guy sat me down.

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He says, Ralph, I listen.

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Your credit score is not great.

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And I kind of knew that I wasn't doing the right things.

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And man, that was frustrating and that was disappointing.

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And you need to understand something right from the get go.

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Here.

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Building credit is a marathon.

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It's not some sprint.

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So the things I'm gonna share with you today aren't going to make a

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huge impact overnight, but they're going to start making an impact.

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These aren't magic tricks.

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They are wise applications of how scoring works and how to

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get you to that next level.

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Because remember, God calls us to be diligent and make the most of every

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opportunity, and I found two verses from the Bible, which really key in on that.

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The first one is Proverbs chapter four, verse seven says, this, wisdom is supreme.

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Therefore, get wisdom, though it costs you all you have.

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Get understanding what a great Bible verse, and then the book of Ephesians,

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chapter five, verses 15 and 16.

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It says this, be very careful then how you live, not as unwise, but as wise.

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And I love the ending to this, making the most of every opportunity.

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That's what today's about.

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It's about making the most of every opportunity, and this is an opportunity

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to get into that level of stewardship.

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And these quick actions are just opportunities to accelerate that financial

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health that you're on, strategically boosting your credit score to build that

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diligence, stewardship, and open up some doors for better terms and reduce stress.

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Really leveraging the opportunities that for God's purposes by

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improving your financial reputation.

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So now you're probably thinking, Ralph, what can we do?

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Well, I've got a solution, and this is moving beyond limitation.

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You gotta start thinking, how do you move from feeling limited and disappointed

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to confidently taking immediate action?

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So here's my single crucial solution, and this is an intentional plan to

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implement one or two specific high impact actions that can quickly

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begin to improve your credit score.

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And I want you to just focus on the factors.

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This means focusing on the factors that lenders weigh the most heavily for smart,

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targeted effort and rapid improvement.

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So here's your one action step for today, to quickly boost your credit score.

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And I'm gonna give you three things that I feel like you can do.

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The first thing, and this is the biggest one that you can

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do, and that's aggressively pay down your credit card balances.

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This is the big winner in the credit reporting situation.

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The best thing you can do is pay down your card balances because

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it's gonna have the fastest impact.

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And here's a little thing that a lot of people don't mention.

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The real key here is to try to get what they call your

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utilization ratio below 30%.

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So if, for example, if you've got a thousand dollars credit

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card, you want to try to get that credit card balance below $300.

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Now you're probably saying, Ralph.

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Yeah, but the whole thing is I use it, right?

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But see, here's the thing you gotta understand.

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They look at your credit utilization, that credit utilization, if you're up

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to 70, 80, 90%, that signifies an issue that could reduce your credit score.

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Because, and see if you, suddenly drop the amount that you owe, it's

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gonna boost your credit report.

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Now here's another thing that you can do, and this one is just a matter

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of finding a trusted family member.

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And, and this, listen, I'm gonna tell you right now, it's gotta be somebody

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who has good credit, you know, low balance, long history on time payments.

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Ask them to add you as an authorized user.

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Now, here's a little trick.

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They don't even have to give you access to the card or give you access to the

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account, just adding you to that as an authorized user, because then what happens

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is you're gonna inherit their positive history and that can appear on your credit

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report, potentially boosting your score.

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And here's the final thing.

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That you can do, and a lot of people have done this to try to boost their

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credit score and that's in check to see if rent or utility payments can

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be reported on your credit report.

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Now, traditionally, bills often are not reported, but there are services

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like Boost where you can have your rent reported and that way it starts

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to show on your credit report and those consistent on-time payments, add

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positive history, potentially lifting your score and it can lift it right away.

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Now you might be saying, Ralph, how does this help?

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Well, here's how it helps.

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It fights that, that, that feeling of being stuck, it directly

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combats that struggle of feeling stuck with that low score and that

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discouragement that comes along with it.

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It also is empowering because it empowers you with knowledge and

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some practical steps for things that you can do to make a quick impact.

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It improves your financial reputation faster than just sitting back and waiting.

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See, that's the thing, like I could tell you to sit back and wait.

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Make sure you pay your bills on time.

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Yes, your credit score will improve, but these things can accelerate that,

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and it's gonna help you build that confidence that's going to empower

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you to pursue greater financial goals and do that with greater confidence.

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Well, let's pray together now.

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Father God, we just thank you for your wisdom and for the opportunities

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that you give us to improve our lives.

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And Lord, we confess that a low credit score can feel limiting and it can

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feel discouraging, and we just ask that you would grant us diligence

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to implement these quick actions.

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Help us to be strategic and help us to be wise in managing our financial reputation.

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And Lord, we just ask that you would bless our efforts to improve our

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credit score so that we can have more doors opened up for good stewardship.

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And Lord, we just ask that it would help bring us greater financial peace.

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And we ask this in confidence.

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In Jesus' name, Amen.

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Now look, these are quick actions that can give you a real boost

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and like I said, It's gonna take time to build excellent credit.

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If you take smart quick actions, it can definitely boost your score sooner.

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So I'm gonna encourage you take that step today.

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And even if you just implement one of those things, one of those

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strategies, it's going to help move you towards financial freedom.

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And again, if this show, today's show has resonated with you, I'm gonna

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encourage you to share it with somebody.

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Somebody else might be feeling the same way you're feeling.

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And you can find resources and connect with the

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show@financiallyconfidentchristian.com.

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And I've got a special gift for you if you go to financially

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confident christian.com/master.

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I'm gonna give you a free copy of my latest book and it's

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called Mastering Your Finances.

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It's a quick, powerful read to break that cycle of financial shame.

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Confidence.

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Now, tomorrow we're gonna be talking about the income side of this.

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We're gonna move away from credit and debt and we're gonna talk about

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the income side and ask the question, is the real source of stress, your

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income, or are there new opportunities?

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So I'm gonna encourage you to not miss it.

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Now, let's all go out there and be financially confident.

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Christians, you can do this.

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I have confidence in you.

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Have confidence in yourself.

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Stay financially savvy.

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God bless you, and you have a great day today.