Check Your Credit Report & Fix Any Errors

The first thing you want to do is to check your current credit report. This will give you insight on what improvements need to be made. Gather this information by simply requesting a free copy of your report from any of these trusted credit bureaus: TransUnion, Experian and Equifax. Your credit report may be negatively impacted by errors — these will have to be disputed individually.

Unsure of what a “good” credit score is? Lenders frequently utilize VantageScore 3.0 and FICO® Score 8 to get the most accurate information. To put it simply, credit scores range between 300-850. The lower the score the poorer the credit, while the higher the score the better the credit. We highly recommend trying your best to get your credit score as high as possible.

Make Payments on Time

One of the best ways to improve your credit score is to make payments on time. This is crucial since 35 percent of your credit score is impacted by your payment history. To maintain timely payments, you can set up automatic payments or set reminders for yourself. Do whatever you need in order to stay on top of your finances.

Stay Below Your Credit Limit

Your credit limit is a vital component of maintaining a good credit score. We urge you to stay below this limit whenever possible. In fact, 30 percent of your credit score is determined by credit utilization. Because of this, people who have great credit scores typically use less than 30 percent of their available credit.

Be Patient

Once you’ve exhausted all areas in which you can positively impact your credit score, now all that’s left to do is play the waiting game. Patience is a virtue — especially when it comes to credit scores! After you’ve completed on-time payments, fixed any errors and remained below your limit, eventually you should see a positive trajectory. Once you’ve noticed this, you can get pre-approved for financing! Our finance team is eager to help you get the keys to your ideal ride.