Interstate Ford Tells Buyers to Boost Credit Before Vehicle Shopping
Interstate Ford Tells Buyers to Boost Credit Before Vehicle Shopping
To get the best deal on a Dayton Ford, buyers should know where they stand with their credit before visiting our dealership. The best way to ensure you can take advantage of the financing deals we offer is to have great credit.
Boosting your credit score is not difficult to do but it does take time. You need to start working on a low credit score several months before you come to us looking for your next Ford.
Here are some tips to help you boost a low credit score:
Pay Bills On Time
Each month you pay your financial obligations on time and in full, your credit score will be positively affected. Bill payment history is a large part of the credit score calculation. Late or missed payments will bring down your credit score fast so avoid missing payments by automating them through your bank.
Don't Overextend Existing Credit
If you use credit cards, make sure you keep balances low and pay them in full each month if you can. Maxing out credit card balances shows lenders that you are not responsible with credit and may not be willing to offer you the best interest rates on your auto loan.
Check In With Your Credit History
As a consumer, you are entitled to a free credit report from each of the three credit bureaus. Review the reports and dispute any erroneous information listed about your accounts. Consumers fail to realize that human errors often bring down credit scores unnecessarily. The more accurate your report is, the better your score will be.
Have Different Types of Credit
A credit score is based on a number of factors. One of which is the types of credit you already have. A mortgage, credit cards, and other types of credit or loans portray a more well-rounded picture of a person's ability to handle their financial obligations.
Our Dayton dealership is ready to make you a deal. For buyers with low credit scores, it's in your best financial interest to boost your credit score so you have the opportunity to take advantage of all of our best deals.