Useful Tips on How to Increase your Credit:
A bad credit profile is bad news for any auto shopper. But it can easily be improved by following these simple steps:
Closely monitor your score.
In the months leading up to your vehicle financing, you should pay close attention to your credit report.
Look for red-flag items on your report. Fix them, if possible.
On-time payments are critical.
Every time you don't make a bill payment, your credit score gets a negative hit. By avoiding it, you can increase your credit score.
Use a calendar to manage upcoming bill payments.
Stay away from card balance transfer.
Be extra careful while managing your card balance if you've bad credit.
If possible, clear your existing debt before you apply for an auto loan or lease.
Track your report and correct errors.
Register for free reports from major credit bureaus: TransUnion, Experian, and Equifax. Free Credit Report
File disputes if you find any.
Be sure your report looks squeaky clean.
Don't apply for other types of credit.
Multiple credit applications in a short period of time will negatively impact your score and lower it. Avoid these kinds of actions if you're increasing a less than desirable credit.
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