WILL SPENDING LESS AND SAVING MORE IMPROVE MY CREDIT SCORE?
While putting more money towards savings is usually a good idea, it's not necessarily going to improve your credit score.
Your credit score does not consider the amount of disposable cash you have at any given time. Therefore, the amount of money you keep in savings doesn't impact your credit score.
As far as spending less, that could have an effect on your credit score. If you typically use your credit cards for purchases and you don't always pay off the balance on those credit cards, then you may notice an improvement in your score by curbing your spending habits.
Your credit score factors in the balance on your revolving credit accounts (for example, credit cards).
It's a good idea to keep the balances on your credit cards low and pay them off each month. By limiting your spending, you may accomplish both
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GET A SECURED CREDIT CARD TO BUILD CREDIT
You have to have credit to build credit — which can be hard if your income is low or you're unemployed and lenders aren't willing to take a chance on you. If you're in this situation, you should get a secured card to build your credit.
Banks and credit unions offer secured credit cards, which act like traditional credit cards but require a deposit that acts as your line of credit
If you have a limited income, then a secured card is a very good option.
If you can save for a deposit for a few months and then open the card, in as little as nine months, you can establish a credit score or add enough positive information to increase your score