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Increase your credit score during coronavirus by doing this



If you’re looking to boost your credit score fast amid the crippling coronavirus pandemic, then you should be doing this.

If the coronavirus pandemic has had an effect on your personal finances — like if you were forced you to max out your credit limit and hurt your credit score — you are not alone. According to the Pew Research Center, the number of unemployed workers grew faster in just three months in 2020 than it did in two years during the Great Recession. 

As a result, many have valid concerns about how the crisis will impact credit card debt, credit history, and other aspects of their personal finances. Each situation is different, but there is one thing that could increase your credit score if coronavirus has had an impact on your credit.

The best way to increase your credit score fast

Using credit cards can be an excellent way to build credit because, despite their relatively high-interest rates, there’s a way you can use them without paying any interest at all.

If you’re looking to open up a new credit card, use Credible to shop around for different cards — from secured cards to balance transfer cards — and compare card companies instantly. From redeeming rewards to building credit, Credible can help in any situation.

Each month, your card issuer reports your statement balance to national credit reporting agencies. If you have a balance — even a small one — it shows that you’re using your available credit, which helps lenders see how you manage your debts. Pay your bill in full to avoid any interest fees. If you have a rewards credit card, you may be able to use your points and miles or cashback to cover some of your expenses.

By visiting Credible, users can quickly compare the best rewards credit cards available.


Other ways to increase your credit score

Here are four more ways you can use your credit cards to boost your credit score.

  1. Pay your bill on time
  2. Keep your balances low
  3. Keep unused accounts open
  4. Monitor your credit

1. Pay your bill on time

Your payment history is the most important factor in your credit score, so paying bills on time is crucial — or at least the minimum amount due every month. If you can, pay your bill in full to avoid interest and other late payment charges. If you miss a payment, you’ll generally have 30 days from the due date to get caught up before it’s reported to card companies.

2. Keep your balances low

Your credit utilization rate — the percentage of your credit limit you’re using at a given time — is an important factor in calculating your credit score. If you’re constantly bumping up against your credit limit, it may be a sign that you’re having a hard time managing your debts. As a result, the lower your credit utilization, the better. If your credit utilization rate is high, consider using a consolidation loan to pay off the debt — by transferring it to a personal loan, your credit utilization rate on the card will drop to zero. 

3. Keep unused accounts open

Don’t close your old credit cards. These cards are helping build your credit score, even if you never use them. That’s because your length of credit history — how long you’ve been using credit and the average age of your credit accounts — is another component of your credit score. Just keep in mind that some card issuers may cancel your account if it remains inactive for too long. Consider making a purchase every six months or so to keep the card active.

4. Monitor your credit

Your credit report will show you which areas of your credit history need your attention, and with your credit score, you’ll be able to see where you stand and track your progress. With Experian, you can check your credit score and credit history for free.

If you’re looking for a new credit card, use an online marketplace like Credible to get an idea of what’s available based on your credit score and preferences, and compare those options.


You can also use Credible to compare personal loan rates and get prequalified. The online marketplace can be helpful if you’re thinking about consolidating your credit card debt to lower your credit utilization rate. Enter your loan amount and estimated credit score to find out what kind of rates you qualify for without hurting your credit.

Use Credible’s personal loan calculator to estimate your monthly payments to ensure you’re choosing the best repayment term for you.

How to manage your financial health during coronavirus

Using credit cards to build and maintain a good credit score is possible for many. However, credit repair isn’t the only way to improve your financial situation.

Here are three other moves to consider:

  1. Get on a budget
  2. Fund your emergency savings
  3. Be wise about debt

1. Get on a budget

If you’re not already using a budget, think about creating one for your household. Even the simple act of writing out where your money goes can help you understand if you can make better spending decisions. It can also help you see where you can reallocate spending to areas of your finances that can improve your situation.

2. Fund your emergency savings

Even if money is tight, you may be able to boost your personal finances by saving a little each month for a rainy day. Look for opportunities with your budget to set cash aside for financial emergencies like the one caused by the pandemic.


4. Be wise about debt

In some situations, it can be challenging to avoid debt, especially if you’ve lost your job or had your hours cut. However, if you need to borrow money, use an online marketplace like Credible to shop around and ensure you’re getting the best deal. Also, avoid applying for credit unless you need it.

As you practice these and other smart financial habits, you may have a better chance of weathering the storm of the pandemic and coming out the other side on a more stable foundation. 

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Nearly 1 in 3 Americans Struggle to Fill Out FAFSA, Survey Finds



FORT LAUDERDALE, Fla., June 22, 2021 /PRNewswire/ — A new survey reveals that almost one in three Americans who fill out the Free Application for Federal Student Aid (FAFSA) struggle doing so. 

The biggest challenge, 44 percent said, was not knowing all the financial information FAFSA asked for. The second-biggest challenge was not having any help filling it out, 28 percent said. 

The majority of student loans are federal loans, which means filling out FAFSA is how most students can afford college. chairman and CPA Howard Dvorkin says because FAFSA is so important, you should go into it prepared. With the FAFSA deadline on June 30, that should be sooner than later.

“FAFSA doesn’t just offer you loans, it offers you grants and other amounts you don’t have to pay back,” Dvorkin says. “If you go into it without all the information you need, you could be leaving free money on the table.” 

Some of the other findings include: 

  • 89 percent said they thought their child or themselves qualified for financial aid, but only 68 percent actually qualified.
  • Other challenges people faced while filling out FAFSA were receiving an error message (18 percent), not creating an FSA ID beforehand (7 percent) and not knowing the deadline (3 percent).
  • 34 percent said they felt the Pell grant would involve taking on more debt.

One in three people struggling to fill out FAFSA is too many, Dvorkin says. “FAFSA is too important to leave until the last minute or not use any resources for help,” he says. “Fill it out early so you can identify the issues you’re having and solve them quickly. You might end up in even more debt if you don’t.”

ABOUT: is the consumer website where people can find help with credit card debt, student loan debt, tax debt, credit repair, bankruptcy, and more. works with vetted and certified providers that give the best advice and solutions for consumers ‘when life happens.’


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Deceiving Discount Insurance Plans, Credit Repair Scams – The Bee -The buzz in Bullhead City – Lake Havasu City – Kingman – Arizona – California



Attorney General Ford Warns Nevadans About
Deceiving Discount Insurance Plans, Credit Repair Scams

Carson City, NV – Today, Nevada Attorney General Aaron D. Ford, in partnership with the Nevada Division of Insurance, encouraged Nevadans to stay vigilant as scammers attempt to take advantage of struggling individuals and businesses during the COVID-19 pandemic. Examples of the latest pandemic scams include the deceptive discount insurance plans and credit repair scams.

Deceptive Discount Insurance Plans:

With the American Rescue Plan Act, Nevadans have through August 15th, 2021 to enroll in or change their health plans in the Health Insurance Marketplace known as Nevada Health Link, because of the COVID-19 emergency. Nevadans shopping for a new plan should be aware that deceptive telemarketers and websites have been advertising discount medical and short-term plans falsely claiming that they are Affordable Care Act (ACA) compliant.

Entities are reaching out to consumers via robocalls, telemarketing, or through misleading websites that appear legitimate and may have similar names to legitimate insurance companies.

“When shopping for insurance, stick to the Nevada Health Link website as your first stop,” said Attorney General Aaron D. Ford. “These fake websites are intentionally confusing, leaving consumers who fall for them with unpaid medical bills.” “Limited health benefit plans serve a purpose but are not meant for long term use and have gaps in coverage because they are not designed to be comprehensive health insurance, whereas ACA compliant plans are,” explained Insurance Commissioner Barbara Richardson. “Be vigilant, understand the policy you are buying, and reach out to
the Division if you have questions.”

If you receive an unsolicited call from a health insurance company, do not provide any personal information over the phone. Consumers are encouraged to research the difference between limited benefit plans, ACA compliant plans and other types of plans by visiting The website also lists all of the companies in Nevada that are licensed to sell plans and tips on shopping for insurance.

To verify that an individual, agency, or company is licensed with the Division of Insurance, visit the Division’s website. The State of Nevada Division of Insurance regulates Nevada’s insurance industry.

Credit Repair Companies

As Nevadans start to emerge after a difficult year, many consumers may be looking for a fresh start on their credit. Credit repair companies offer the chance to get your credit back on track, but Nevadans should be aware that some of these companies may not be entirely legitimate. “If you are unhappy with your credit, you can take steps to repair it on your own,” said Attorney General Aaron D. Ford. “If you would prefer to pay someone to set up a
repayment plan for you, be on the lookout for misleading companies that may be trying to get your personal information.”

If you want to hire a credit repair company, the Attorney General’s Bureau of Consumer Protection offers the following tips for spotting a scam. Be alert if a company:
• Asks you to pay all fees up front before it does any work on your behalf. Some companies may charge a one-time fee ranging from $15-$200 to set up the account. However, no credit repair organization may charge a consumer any money before the service is fully performed;
• Instructs you to dispute information on your credit report that you know is accurate. With your legal consent, the company may challenge and clean up any inaccurate items with the three major credit bureaus or directly with the creditors. If a company tells you to say you have been the victim of identity theft when you have not, this is illegal;
• Promises to remove all negative information from your credit report. Credit repair takes time and not every negative item can be removed; and
• Doesn’t explain your legal rights when they tell you about their services. Legitimate credit repair companies should include a copy of the Consumer Credit File Rights. Additionally, you have the right to cancel any services without incurring any penalties within three business days.

Under the CARES Act, you can obtain an extension and a forbearance on some types of loans for up to 180 days. These protections are valid until June 30, 2021. Homeowners with federally backed loans may be able to apply for mortgage forbearance. Federal student loans are eligible for suspensions of payments and defaults, and interest rates are set to zero, until September 30, 2021.

If you have been victimized by any crime related to the COVID-19 pandemic, please file a complaint about your experience to the Attorney General’s Office and the National Center for Disaster (NCDF) hotline at 1-866-720-5721 or by e-mailing the NCFD at [email protected]

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Refinancing a Vehicle With a Cosigner



The good news is that you don’t need your cosigner’s permission to refinance your car. Things can get tricky if your credit score isn’t good enough to qualify for refinancing, though. We’re covering typical refinancing requirements you may need to meet, and how refinancing impacts your cosigner.

Can My Cosigner Stop Me From Refinancing?

Refinancing a Car With a CosignerCosigners are useful for borrowers with poor credit. They can help you get into a car loan if your credit score isn’t good enough for an auto lender’s requirements. And, even better – the cosigner has no say in what you can or can’t do with your vehicle.

If you decide to refinance your vehicle or sell the car, you can do either without needing your cosigner’s permission. They have no rights to the vehicle since their name isn’t listed on the title. You don’t need to bring them to meet the refinancing lender when you apply for refinancing, either.

Refinancing is when you replace an auto loan on the same vehicle. The refinancing lender pays off the original loan, and once that’s paid off, your cosigner no longer has any obligation to the loan because it’s completed!

The only issue you may run into refinancing a car that you needed a cosigner to originally qualify for, is qualifying for refinancing by yourself.

Refinancing With Poor Credit

Borrowers typically need a cosigner when their credit score isn’t great. A cosigner lends you their good credit score to meet the loan qualifications. Just like auto financing, refinancing typically comes with requirements.

Here are some typical refinancing requirements:

  • You’ve had the auto loan for at least one year
  • You’ve stayed current on the car loan
  • The vehicle is under 10 years old with less than 100,000 miles
  • Your car has equity (vehicle’s value is higher than the loan balance)
  • Your credit score is good or has improved

Lenders may only consider you for refinancing if your credit situation has improved since the start of your auto loan. Recent, serious delinquencies can get in the way of refinancing, but if your credit score has been on the rise, the odds may be in your favor.

If you’ve been maintaining a good payment history on your car loan and keeping up with the rest of your bills, you may have a higher credit score now. Installment loans such as car loans can be great avenues for credit repair if you make all the payments on time.

Lender requirements vary, of course, but those are pretty common. If you’re feeling confident in your ability to qualify for refinancing, then check with our trusted partner for more information.

Refinancing Not an Option?

If you’ve missed a few payments on your car loan or your credit score still isn’t great, then you may struggle to qualify for refinancing. If your goal with refinancing was to remove the cosigner, selling the vehicle can accomplish this, too.

Remember that cosigners can’t stop you from selling the car (although it may be more polite to tell them if you do!). If you manage to sell the vehicle and completely pay off the lender, then you and the cosigner are both off the hook. But, if you need another car after the sale and you want to go it alone, pursuing a subprime auto loan may be for you.

Subprime car loans are for borrowers with less than perfect credit. Many borrowers with bad credit are eligible for vehicle financing without the help of a cosigner if they can meet the requirements. Finding a subprime auto loan can be tough if you don’t know where to look, but we want to help with that!

Here at Auto Credit Express, we’ve created a coast-to-coast network of special finance dealerships that are signed up with subprime lenders. Once you complete our auto loan request form, we’ll look for a dealer in your local area for free with no obligation. Get started on your path to a car loan today!

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