Does CreditNinja Report to Credit Bureaus?

CreditNinja does report payments to an alternative credit service called Clarity. Much like the regular credit bureaus, Clarity tracks borrower’s credit information and provides them with a score based on how financially trustworthy they are. 

Being familiar with credit scores and how they work is a big part of becoming more financially secure. If you know how to improve your credit score and what to watch out for then you’ll be more likely to maintain good financial habits. A credit score is a three-digit number that represents how “creditworthy” you are. Creditworthiness is simply a way to describe how financially trustworthy you are. Do you make payments on time? Do you always repay your loan on or before the due date? Do you have very little outstanding debt? If you answer yes to these questions then odds are you are creditworthy. 

You may be wondering the best and fastest way to achieve creditworthiness. Well, there’s no one-size-fits-all solution. And the solutions that do exist aren’t quick fixes. Improving your credit will take a lot of hard work and dedication. And it could take years to get your credit score exactly where you want it to be. But it’s definitely worth it in the long run. 

Your first step for improving your credit will be to always make payments on time. And by always we mean, well…always! This means your utility bills, your rent, your student loan payments, auto loans, mortgages, personal loans, and anything else that requires a payment. Don’t miss a payment and don’t pay late. Your payment history makes up a large portion of your overall credit score. This is the best way to start improving your credit. 

The next step we recommend is to lower your overall amount of debt. This is easier said than done. But there are a couple of different strategies you can use to do it. Start by taking note of all of your debts. Make sure you’re making at least the minimum payment every month. Then focus on one, and any extra cash you can contribute to it every month, do it. Eventually, that one will be paid off and you can move to the next one. 

These are the best ways to start improving your credit score, so you can tackle your debt and get your financial life back on track.