Wondering where your tax refund will do the most good this year?
If your credit is less than perfect, tax time is the best time to get back on track with your credit score! Not only do you have the funds from your tax refund to work with, but you can use those funds to start building up a good payment history and still buy that new television, take that vacation, or whatever else you thought about using that money for!
How can you use your tax refund to improve your credit score and still have funds to do something else?
It’s actually pretty simple, but it’s a very SMART way to use your refund! Instead of spending the cash on something, take your lump sum refund dollars and use them to open a secured credit card, like the The First Progress Platinum Elite MasterCard® Secured Credit Card . All you have to do is open the account, use your refund to make the security deposit you select, and then use the credit card to buy that new TV, take the vacation, etc.! In turn, as you make payments on the credit card, The First Progress Platinum Elite MasterCard® Secured Credit Card will report your good payment history to all three credit bureaus every month… Give it a few months and watch your credit score start to improve! It really is that easy – so why not take the first step to improving your credit score today?