Tips For Re-building Credit

Why is credit rating important?

Credit history plays a big part in getting approved for a car loan. This also affects the interest rate you pay when financing your purchase. Rebuilding credit can be a daunting and intimidating venture. Luckily, there are some simple and effective ways to help you get back on the right track.

The first step to re-building your credit rating.

The first step is to review your credit report and credit score. The next step is to identify items that are hurting your credit score and why.

Next steps to better credit.

Pay off past-due accounts.

Dispute credit report errors.

Pay everything on time.

Avoid taking on additional credit obligations.

Keep in mind.

Even though interest rates for a vehicle will be higher with poor credit, it is still a good idea to check and see what rates to expect.

Credit history and a high interest rate can limit the size of a car loan you can receive. But putting a larger down payment on a vehicle will help to offset this.

Have a clear budget set.

Ask questions!

We can help!

Rebuilding credit is something many people have to go through. You have every right to make sure you are being treated fairly and honestly. If the loan process is confusing, or you are hesitant to sign a piece of paper, do not hesitate to ask! We can help to ease your concerns and answer any questions you may have.