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Get Approved With Confidence

7 Habits That Guarantee Credit Approvals

Have you ever signed credit applications and hoped for an approval?

Have you ever handed over your personal information and threw caution to the wind – knowing that your credit history isn’t that great?

Before I learned anything about my credit, I hoped that my credit was good enough to get approvals for my basic needs or to help me get out of a financial bind.

When I was 18 years old, I got married.

My identity had been stolen the year before, when I was only 17 years old.

I had no idea what my credit would mean to me only a year later.

I wasn’t able to financially assist with our basic needs without decent credit, and soon became divorced because of financial pressure.

At 21 years old, I was hit head-on by a drunk driver in a devastating car accident.

That was the last straw.

I was in financial ruin and facing the possibility of permanent disability.

I no longer wanted to throw caution to the wind with my life.

I wanted to sign applications and know I would be approved for my family’s basic needs.

These are the 7 things I did to guarantee that I would be approved for credit:

1. Stop applying for credit when I knew my scores were low.

While this seems really fundamental, it is really challenging.

Resisting that 20% off at the cash register and the new designs on the latest Visa or Mastercard credit cards can be really difficult.

You have to stop applying for credit when you know you have low scores and collections.

It is a lot easier to get approved for low interest rates right away then to beg for your interest rates to be dropped and wait six months for good payments to show up.

2. Track my payments.

Signing credit applications wasn’t the only thing I threw caution to the wind for.

I often had no idea when my credit card payments or other bills were due, and would pay them when things were in danger.

I satisfied my immediate needs and jeopardized my financial well being.

Only when I started writing down when my electric bill, credit cards, secured personal loans, and other bills that reflected on my credit were due was I able to control how I made my payments.

If I knew I wouldn’t have a lump sum of money before a bill was due, I made smaller payments until the bill was paid by the due date.

3. Call the credit companies and ask for leeway.

Sometimes there were situations I couldn’t avoid and my due dates would approach too quickly.

I needed extra time, but before establishing the right habits, I would always miss my due dates and had a hard time keeping up.

Once I established the right habits, I learned that I could call the credit companies before the payments were due and often get another week and sometimes up to 10 days to make my payment on time.

I was even given the option to change my due date altogether if I could foresee that I would have a hard time from month to month.

4. Limit the amount of open credit lines you have.

It can be tempting to get multiple credit cards and to continue to apply for many more.

Lines of credit, reward points, fly miles and many other types of incentives will entice you to want to fill out many applications, but you must resist.

Excellent credit begins with excellent habits.

One of the best habits you can learn is restraint and understanding that managing a few credit lines very well is better than managing many credit lines poorly.

5. Keep your utilization low.

Utilization is the amount of your credit line you spend each month.

While there are different thoughts on how much your utilization should be, I maintain that your utilization should be no more than 35% of your credit line.

Creditors are looking at whether you are using your credit lines as income, which you shouldn’t do, or if you are using your credit lines only for what you have cash on hand to handle.

Using your credit for what you have cash on hand to handle is maintenance behavior and shows that you are building your credit lines toward their use as collateral.

When you use credit as collateral, you are purchasing products that pay off that debt and give you a profit as well.

If you are using your credit as income, banks can tell that you do not have a greater purpose for it, and you could face financial ruin. 

If your utilization is high, raise your credit lines to take the pressure off of your utilization.

6. Diversify the type of credit accounts I have.

Most people only concentrate on lines of credit from credit cards.

Having only one type of credit line makes your portfolio look weak.

In order to create a well rounded credit profile, be sure to diversify the types of credit accounts you have.

Your debt is always compared to the type of income you have.

This is called your debt-to-income ratio.

Credit cards and a secured personal loans have credit lines and they are weighed against your debts.

These credit lines naturally offset your debt-to-income ratio and positively affect your net income, raising your credit scores.

7. Set goals for what you want your credit to do for you.

When setting goals for your credit, you want your credit to become an asset and produce income for you.

These goals should reflect the desire to convert your credit into collateral.

Credit that is used as collateral helps you purchase investments and products that pay your debts instead of that money coming from your job.

Credit that has a specific measurable and scalable goal is credit that will always have purpose and will be less likely to become bad credit.

In summary: 

1. Stop applying for credit when I knew my scores were low.

2. Track my payments.

3. Call the credit companies and ask for leeway.

4. Limit the amount of open credit lines you have.

5. Keep your utilization low.

6. Diversify the type of credit accounts I have.

7. Set goals for what you want your credit to do for you.

I hope you enjoyed this article. If you have any questions about the 7 habits that guarantee credit approvals, or have your own review of credit approval habits, leave a comment below.

If you are interested in starting the approval process off with raising your credit scores for free, I invite you to take my free, four-part, Dispute Letter Mastery Course.

In this course, you will learn how to update your personal information, dispute information that has errors, and delete negative information in order to raise your credit scores 50 – 75 points in only 45 – 60 days. A boost like this can really make a difference in your interest rates, and it is all free.


  1. Helpful post. I am sure that you are going to help a lot of people out with this information.

    It is a very depressing situation to be in debt and feel like you have no way out. It is also increasingly difficult to resist pleasure spending and special offers most of the time. It is a whole mindset shift and you really need to decide whether you actually need something or you just want it before you buy it.

    • Thank you Michel, I appreciate your comment!

      You are right, it can be depressing to be in debt. You can feel hopeless and as if you will never find a way out. There is help, and it begins with knowing that you’re not alone. We often feel like we should know a lot about our credit, especially when we are older. If we were never taught, where would we learn the information? A lot of what we know comes from trial and error. Experience isn’t always the best teacher when it comes to your finances.

  2. To some people, these might be obvious concepts, but it isn’t always easy. I had two medical bills go into collections–they WERE paid for before they went to collections. I was young and didn’t keep receipts, I was naive and thought the world wasn’t that bad. Boy, was I wrong! My good credit plummeted to 580, and my life was impossible. I’ve paid all of my bills on time, have taken out loans and paid them on time, and have been building up my credit. Today, I am so much closer to good credit, and am going to keep plugging away at it.

    I have learned so many things about monitoring your credit and how you can raise your score. As long as you are sure to be timely in your payments, you can usually build your credit up [but it takes FOREVER]. While my loans are all student loans, I cannot wait to be able to take out other loans when I need to and hear that I am approved. That must feel amazing.


    • Hi Brooke!
      Thank you for your comment. I hope to provide consistent, valuable content that will benefit every person, no matter where they are in their credit journey.

      It sounds like you would benefit from learning how to boost your credit scores faster and the your fundamentals are on the right track. I will create a post for readers like you to keep in mind. I appreciate your feedback! :)

  3. This is quite an informative post. I always thought one will never get their credit approved provided they had a low credit rating. But your post has educated me on how such a situation can be corrected in order to be eligible for credit approval. I will put these new things I have learnt to the test and see how best they help

    Thanks for sharing this info

    • Hi Fidel,
      Thank you for commenting on my post. I am glad you found some information to change your mind about what your personal credit can actually do for you. I hope that you will keep me informed of your progress!

  4. Ran into your article and wanted to chime in about Credit Approval. I’m in the same boat as you. My identity was stolen years ago and they crashed my credit score. It’s something like 480 right now. I couldn’t get a loan if I wanted too! I’ve been trying to slowly build it back up but it’s taking forever. I will try to use some of the methods you recommend. Heres wishing for the best!

    • Stay focused on the picture that you want to create and you will certainly get there. Your persistence to find the tools and resources you want will provide you with the ability to overcome the identity theft you’ve been recovering from. Much luck to you!

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