{"id":1702,"date":"2019-01-14T13:31:05","date_gmt":"2019-01-14T13:31:05","guid":{"rendered":"http:\/\/www.dealerfireblog.com\/carvillesautomart\/?p=1702"},"modified":"2023-05-23T13:29:43","modified_gmt":"2023-05-23T13:29:43","slug":"steps-you-can-take-to-improve-your-credit-score-for-a-car-loan","status":"publish","type":"post","link":"https:\/\/www.carvillesautomart.com\/blog\/steps-you-can-take-to-improve-your-credit-score-for-a-car-loan\/","title":{"rendered":"How do you raise your credit score?\u00a0"},"content":{"rendered":"

Steps you can take to improve your credit score for a car loan\u00a0<\/span><\/h2>\n

Credit scores are basically adult GPAs; not only do they measure how well you manage your finances, but they also serve as an effective barometer of your trustworthiness as it relates to paying loans and accounts on time. That\u2019s why it\u2019s so important to have a score ranging from \u201cGood\u201d to \u201cExcellent\u201d if you want the best price possible for your next vehicle. So, we want to help you out \u2013 join Carville\u2019s Auto Mart today as we present you with some helpful steps you can take to improve your credit score for a car loan!<\/p>\n

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Keep Revolving Utilization Low\u00a0<\/span><\/h3>\n

Let\u2019s say that one of your current credit cards has a total line of $5,000; though it may be tempting to treat all that money as yours immediately, don\u2019t charge too many things to your card all at once. Revolving utilization is the percentage of your total credit line that has been used in a statement cycle, and if it\u2019s over 25-30%, monitoring companies may take this as a sign that your spending habits aren\u2019t up to snuff.\u00a0\u00a0<\/span><\/p>\n

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Don\u2019t Open Too Many Accounts\u00a0<\/span><\/h3>\n

Every time you apply for or open a credit card, the issuing company will submit an inquiry into your credit history and track record of repayment. Every time an inquiry is issued, you\u2019ll see your score temporarily lowered; though it will generally bounce back, don\u2019t make a habit of applying for too many new credit accounts. This can be taken as a sign that you\u2019re getting yourself into trouble with one already.<\/p>\n

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Pay Bills and Balances on Time\u00a0<\/span><\/h3>\n

Probably the biggest harm that can be caused to your credit score is missed payments on bills and loans that you owe. Though electric bills, student loans and your credit statements can all pose a threat to your bank account, it\u2019s still best to do everything in your power to pay them off promptly. This way, credit monitoring firms will see that you\u2019re a trustworthy lender, which is an essential trait when you sign off on a vehicle.<\/p>\n

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More Financial Tips: What credit score should you have to finance a used car?<\/a><\/strong><\/p>\n

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Get Credit Approval for a Used Vehicle in Grand Junction CO\u00a0<\/span><\/h3>\n

When it comes to getting a good deal on a used model, a higher credit score is always better. However, no matter what your situation might be, we can help you get inside<\/a> a high-quality used vehicle right here at Carville\u2019s Auto Mart. Feel free to browse our inventory<\/a> and give us a call if you\u2019d like to sign off on any model that we offer!<\/p>\n","protected":false},"excerpt":{"rendered":"

Steps you can take to improve your credit score for a car loan\u00a0 Credit scores are basically adult GPAs; not only do they measure how well you manage your finances, but they also serve as an effective barometer of your trustworthiness as it relates to paying loans and accounts on time. That\u2019s why it\u2019s so […]<\/p>\n","protected":false},"author":1,"featured_media":3423,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[78],"tags":[],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\t\n