So you want to buy a new or used car or truck huh? Do you aware of what your credit score is? Is it bad? Is it good? Is it average? Do you even have any? Do you know how to improve your credit score?
Ok so you need an auto loan for that new or used car or truck….but you have low or no credit scores. Well here are a few ways to raise your credit score. Thanks to My Auto Loan for contributing to this blog post. Check them out!
1. Payment of bills. Every time you miss a payment or you only submit the minimum amount due it will lower your credit score at once. So always try to pay your bills in full and on time if it’s possible. This accounts for a huge percentage of your FICO score.
2. Credit history. You want length. You don’t want to just close out all of your credit cards if you get them paid off! Once a month put a tank of gas or something cheap on the card and pay it off immediately. It will help. Trust me. Keeping those cards open will help.
3. Say NO to new accounts. The more cards you open the more red flags that could be thrown up. Also if you are constantly applying for credit cards and getting denied that looks really bad too.
4. Don’t max them out. Don’t let your card get over 1/2 of the limit because it is possible in they eyes of the credit card company that you may not be able to pay that back. Just carry smaller cards and don’t put everything on one card.
5. Credit Report. Credit scores are based on credit reports, so it’s imperative that you check it periodically for any mistakes, fraud, or the like. If you don’t pay close attention anything can pop up at anytime without your knowledge. I once had a friend that pulled her credit report only to find out that she had a ton of stuff on her report in her sisters name. (They have similar names) These companies didn’t care about the social security numbers they just got the names confused. It took her years to get it all cleaned up. So get your credit report because federal law gives you the right to get a free report from each of the major credit bureaus once per year.
6. Variety is Key. You’ll get better credit when having a various variety of credit cards and loans.
Better to be safe than sorry. You need to be aware of everything that is going on so when you are ready to buy a new or used car or truck from a local Dallas Chevy dealer you are prepared and are able to do that.
Thanks to Brandi Hodge and My Auto Loan for contributing.
A friend of mine sent me a video the other day from YouTube. It was the first ever Camaro commercial. I had never seen it before. It’s funny to me how much things have changed in the last 50 years. Especially when it comes to special effects and CGI in movies and commercials. I really can’t decide which Camaro I love more than the other. There are things I like about the older ones and there are things I like about the newer ones. I just can’t decide. Here is the old video my friend sent to me as well as a newer one I found. Just remember if you haven’t had the pleasure of driving the new Camaro yet you can stop by your local Grapevine Chevy dealer and test drive one anytime.
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