How to Improve Your Credit Score

Car key & credit card on a signed contract

 

Is your credit score getting in the way of your perfect new car in Lake Havasu City? If you need help on how to boost your credit score, you’re in the right place! Anderson Auto Group is an expert dealership when it comes to questions of finance and we’d love to guide you. Do you know how to get a better credit score? Read on and we’ll help you with that, applying for financing online, and figuring out your monthly payment. If you’re looking to shop and finance in the same place, we’d love to help you out!

Check Your Credit Reports

Not even counting identity theft, mistakes will often happen on credit reports in Bullhead City. The first thing you’ll want to do is obtain a credit report from the three major bureaus, Experian, Equifax, and TransUnion. The Fair Credit Reporting Act entitles you to one free copy a year.

Assess Your Debts

List your debts to make sure you’ve got a grip on what you owe. One of the tips to increase your credit score involves optimizing the following figures:

  • Debt to credit ratio. The amount of available credit you have compared to how much you have actually charged matters quite a bit. You’ll want to keep your balance under 30% of available credit every month.
  • Number of cards with balances. The more cards with balances you’ve got on your credit report, the lower your score will be.

Create a Payment Plan

Demolish your debt by getting on a repayment plan. This means you should take care of debt in collection, eliminate small balances on cards, and work to pay down larger debts.

Open a Credit Card

One way to raise your credit score in Kingman is to open another credit card. Most people with average or fair credit will qualify for another credit card. Not only will you establish a payment history on this card, the additional credit will help optimize the ratio of debt to credit.

Find Out More Ways to Raise Credit Score at Anderson Auto Group

Want more tips to increase your credit score? Anderson Auto Group has you covered. We’d love to discuss your options and we are committed to ensuring everybody drives. Contact us today on our convenient online form and we’ll have someone get back to you with the facts.

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