Glendale Nissan Official Blog
How to Improve Your Credit Before Buying a Car
By Product Expert | Posted in Financing on Friday, October 30th, 2015 at 4:14 pm
If you are looking to buy a car, you can be nervous if you have less than perfect credit. This is actually a scenario that comes up quite frequently, so you are not alone. Here at Glendale Nissan, we try to help people with low or non-existent credit when they are looking for financing to buy a new car. We don’t think that your past experiences and mistakes should hinder you now if you are perfectly capable of making your payment every month. We help people with all levels of credit get financing and we can help you too. Contact our staff here at our Glendale Heights Nissan dealership or simply apply for financing online and we will work with you to get you a car loan.
For those of you who are looking to make some adjustments before you buy, we can help there too. Even if you do have quite a few issues with your credit, it isn’t too late to try and improve your credit score. It can take time, but with the right steps you will definitely see improvements in your score, making it easier for you apply for loans in the future. If you are wondering how to improve your credit before buying a car, below we have gone over some helpful tips that have proven to improve credit. If you are ready to find the car of your dreams, why wait to get there? The time to take action is now. Read on to learn the best ways to boost your credit.
Tips to Improve Credit
Get a Credit Report – This is a surefire way to know where you stand credit-wise. This way you can work to improve what’s there and spot any potential errors that could hinder you in the future. Also, there are a lot of companies that have credit reports available, so make sure to only get a report from a trusted company.
- Pay Your Bills on Time, Always – Paying bills on time is one of the biggest factors that affect your credit. Make sure to always get all payments in before the due date. The earlier the better.
- Pay More Than the Minimum Payment Amount – Paying only the minimum payment on credit cards is not the ideal way to go about getting out of debt. Always try to pay more than the minimum payment amount. The balance will go down quicker and it reflects well when it comes to your credit score.
- Don’t Close Out Accounts That Have Been Paid Off Right Away – It may be tempting to close a credit card once it’s paid off, but this can sometimes have a negative affect. Once you do get a card paid off, use it sparingly for only things you normally spend money on and pay it off right away. This is one way to really boost your credit score that doesn’t take extra effort.
- Try to Avoid Opening More Credit Accounts – If you are working on getting out of debt, avoid opening more credit cards. Opening extra accounts and cards is just another way to get back into a bad credit situation. Only open credit accounts you absolutely need.
- Keep Balances Low – As you pay down credit card balances, try to use the cards as sparingly as possible. Another big factor affecting credit is the percentage of available credit that is already in use. If you keep balances low, this will be a plus for your credit score.
