Are you ready to apply for a car loan but are concerned about your credit score? Your score can play an essential role in your approval, so addressing it is helpful. We’ve compiled some tips to help you raise your score at Schmit Bros Auto.
Check Your Credit Report
It’s important to know what’s dragging your score down in order to address it. You should pull your credit report to see if there are any issues. If you notice any discrepancies, you can dispute them directly with the credit reporting agency.
Try to Remove Late Payments
Late payments can seriously impact your score. If you have late payments, you can request late payment forgiveness. First, ensure that your account is in good standing now and contact the creditor to see if they’d be willing to help.
Don’t Miss Payments
Moving forward, it is important to keep your accounts in good standing. Make sure that you make your payments on time. If you haven’t yet, set up a reminder on your phone or computer so that you don’t miss them.
Increase Your Credit Lines
Are you maxing out your credit cards? Outside of your payment history, your utilization is one of the most important factors in your score. Try to pay down balances if you can. If you haven’t recently, you may want to consider requesting a credit line increase, which can reduce your utilization.
Apply for Used Car Financing in Saukville, WI
Remember that even if your score is less than ideal, we still have options for you. We encourage you to visit Schmit Bros Auto to discuss your buying options with our team. Stop in to get started today!