TikTok Video Unveils How SA Woman Raised Her Credit Score by 65 Points in 1 Month
- A woman revealed in a TikTok video how she drastically improved her credit score within a month
- She mentioned that she became an authorised user on someone else's credit card and that boosted her score
- Netizens were stunned by the tip and some chimed in with their own advice for fixing bad credit
Source: TikTok
A woman spilt the beans on how she managed to improve her credit score within a mere month.
Getting good credit score
The lady with the handle @eleganceandequity revealed that she became an authorised user on someone else's credit card. By having someone declare her as an authorised secondary user on their credit card, she saw her credit score soar by a whopping 65 points in just 30 days.
Some conditions apply
However, there's a catch. She said the primary credit card holder must have a solid credit score and a positive payment history for this strategy to work.
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The TikTok video garnered attention, with more than 282,000 views and tons of likes and comments.
Watch the video below:
Credit score video garners engagements
Netizens were awed and grateful for the valuable advice. Some opened up about their experience in tackling bad credit.
See some reactions below:
@mkseripe asked:
"Hi, how long will my credit score pick up after paying off my credit card after not paying for a while?"
@segomotsomaine wrote:
"Wow, thank you, I have been trying so hard to increase mine but it’s been at a standstill. But now I can ask my mom to make me her authorised user."
@victor_tn7 said:
"65 points in one month. Chief, I’m going to try this!"
@swazi_elihle asked:
"Are you able to remove that person a few months later?"
@Hle_Ncayiyana stated:
"My question is if this person stops paying for whatever reason, won't you be liable for it?"
@luyera123 posted:
"It’s the same as insurance. Your premium becomes lower when someone nominates you as a regular driver."
@Nomonde commented:
"I qualified for a R1.7mil home loan after fixing my credit score. I have two credit cards but I also load them with money and use it at the end of the month."
@Ngwanana_MoSotho commented:
"This is apparently how Americans build a credit score for their kids."
Budgeting tips on a R25K monthly salary
In another article, Briefly News reported that with the current economy not looking so great, many could use help from people who know a little thing or two about finance.
This young lady took the initiative to assist online users with their finances. She shared a TikTok video where she drew up a budget plan for a person earning R25 000 monthly in South Africa.
Source: Briefly News
