You have the idea that you want to buy a car but you know your credit is not the best. Well what if you helped your credit before a car loan.
How to crack down on a better credit score
Yes people do this all the time. You want to check your credit score for errors and see if you can get them fixed.
Next you will want to see the areas that you will need to fix your credit score. The higher your credit scores the better auto loan rate the car dealership will work out for you. There are other car loan options too for higher credit scores. Like the car dealer with $0 down.
Reducing your debt is struggle we know but to a car dealership and their lenders the less debt you have the better you look for paying on time and it improves your credit score.
It helps to have a payment reminder for things like credit card bills and auto loans. I use one on my phone to make sure I’m on time with my payments. Also, payment history is 35% of your score so you want to keep the ball in your court.
You can open up another line of credit if you have too. When you increase your credit line that means you have more opportunity but you need to pay the bill on time.
What ever you’re trying to improve your credit score for remember it’s for a better future.