You’ve probably seen the ads and wondered, what is the 15/3 credit hack? We’re here to give you the scoop on this popular credit repair method.
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What is the 15/3 credit hack?
In short, the 15/3 credit hack is a way to improve your credit score by paying off your debt in 15 months instead of 36.
Paying off debt is one of the most important things you can do to improve your credit score. And while there are many different ways to do it, the 15/3 credit hack is one of the quickest and most effective.
Here’s how it works:
First, you need to find a balance transfer credit card with 0% interest for 15 months. Then, you need to transfer as much debt as possible to that card.
Next, you need to make sure you pay off the full balance before the interest-free period expires. To do this, you’ll need to create a budget and make payments of at least 3x the minimum payment each month.
Finally, once your debt is paid off, you’ll be left with a much higher credit score and a lot more financial freedom.
How does it work?
The 15/3 credit hack is a creative way to use credit to improve your financial situation. It involves using a credit card with a 0% APR introductory period to pay off debt, save money on interest, and/or earn rewards.
Here’s how it works:
1. Find a credit card that offers a 0% APR introductory period on purchases and balance transfers.
2. Use the card to pay off debt and/or make purchases.
3. Once the debt is paid off and/or the purchase is made, immediately begin making payments toward the full balance owed each month. Doing so will help you avoid paying interest on your debt and/or purchases.
4. If you have any money left over after making your monthly payment, use it to pay down other debts or save it in an emergency fund.
The 15/3 credit hack can be an effective way to improve your financial situation, but it’s important to use it wisely. Make sure you understand all the terms and conditions of your credit card before you sign up for it, and only use the hack if you’re confident you can pay off your debt and/or make your purchase within the 0% APR introductory period.
What are the benefits?
There are a few key benefits to using the 15/3 credit hack. First, it can help you raise your credit score by a significant margin. Second, it can help you get approved for loans and other financial products that you might not have otherwise been approved for. Finally, it can help you save money on interest payments over the long term.
How can I get started?
The 15/3 credit hack is a way to improve your credit score by paying your credit card bill 15 days early, and then paying it again 3 days after the due date.
This hack can improve your credit score by up to 20 points, which is a significant boost. It works because it shows creditors that you are capable of paying your bills on time, even if you do have a history of late payments.
The best way to get started with the 15/3 credit hack is to call your credit card issuer and ask them to change your payment date. Most issuers will be happy to do this for you, and it should only take a few minutes.
Once you have your new payment date, make sure you pay your bill 15 days early, and then pay it again 3 days after the due date. This will show creditors that you are serious about paying your bills on time, and it will help improve your credit score over time.