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    3 Basic Credit Tips for Artists Who Need Funding

    • 2 min read

    3 Basic Credit Tips for Artists Who Need Funding

    Let’s face it, without proper funding, your music career will never flourish. You will need funding for quality recording sessions, music videos, marketing, performances, management, PR, your image, and so much more. Unfortunately, pursuing music can get costly, and it is often unrealistic for the average new artist who does not have multiple streams of income. That is why having good credit can come in handy. 

    Having good credit allows artists to get items they need now and pay for them later, a significant relief for artists working hard towards their dreams. 

    Let’s start with three basic credit tips that every musician should be implementing into their music hustle. 

    Get a secured credit card

    A secured credit card is a great way to build credit with very low risks. This type of card is backed by a cash deposit, meaning you put down a minimum $300 deposit that goes directly onto the card. That money becomes your credit limit. Start making small purchases on the card by paying for gas, YouTube ads, and other minor expenses. Pay off your balance on time. By doing so, the credit card company will eventually raise your limit and convert your card to a regular card, often with a higher limit than what you initially put in. Some credit card companies will even return your initial deposit. 

    Pay your bills on time

    Avoid paying bills late as much as you can. Late payments can negatively impact your credit score. Additionally, delinquent payments can remain on your credit report for over seven years. For artists seeking funding, these negative credit marks will make it extremely difficult to get the help needed to grow their careers. 

    Thankfully, this is one of the easiest things to do to keep your credit intact. Place your smaller expenses, such as your cell phone bill, on autopay. That way, you will never forget to handle them on their due date. 

    Dispute all credit report errors

    Review your credit report frequently for mistakes or negative marks that you do not recognize. If an account is in collections or a bill is marked as late that you know you paid on time, dispute it. This is best done by sending mailed letters to the three credit bureaus. Everyone is entitled to free credit reports from the three major credit bureaus using AnnualCreditReport.com.


    There are probably hundreds of helpful credit tips out there. However, these three are the easiest and low-effort ones that anyone can do. As you work to improve and maintain your credit, you must also have discipline. Use your credit cards only for the things you need for your career. The key is to use your credit to invest in your career with the goal of making the money back to pay off whatever debt you accumulate. Debt is not always bad, but it can have a lifelong effect if not managed properly. For more in-depth credit tips for musicians, join our Music Funding program today!