If you have to spend more than 30%, pay it off before your payment due date if you can, this should reset your utilization before the billing period is over. This is one of the things that can make your credit score fluctuate month to month even if you’re doing everything else perfectly. Try to avoid spending more than 30% of your available credit on any given credit line.For your credit lines that aren't in good standing, pay them off and also keep them open, length of credit history matters! For your credit lines that are in good standing, try to keep them open, even if you’re not using them.
It will be hard for your credit to grow until you resolve any collections activities.Ģ. Check your credit report to see who the collections agency is and, if you can, set up a payment plan to take care of this ASAP or, if you don’t recognize the debt, take steps to dispute it. No surprise, having debt that is currently in collections tends to be a huge weight on your credit score.Think of Extra like a vitamin, it can have amazing positive effects, but only if you keep up a healthy routine overall while using it.Įveryone’s credit profile is different and these are the top 4 things that we recommend taking care of and keeping in check while using Extra. Spoiler alert: Your credit score is heavily impacted by what you’ve done before signing up for Extra and what you are doing outside of Extra with your other lines of credit. You also gain access to the Extra App, where you can track your spending, and access content like podcasts, interviews, and more-just for members.įor those who’d like an added boost, our Credit Building + Rewards plan enables you to earn Reward Points with every swipe which can be redeemed in our Extra Rewards Store, where you can get your hands on your favorite brands and hard to find products. Regardless of which plan you choose, both allow you to build credit with your Extra Debit Card. We don’t believe in interest or hidden fees therefore, our membership rates are all-inclusive. Extra offers two membership levels: Credit Building and Credit Building + Rewards.
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