Professional Tips To Improve Your Credit Score

Are you looking to immediately improve your credit score? The process of getting your credit back on track is a long and sometimes stressful process, but with used car dealers in Phoenix AZ, Auto Action, it doesn’t have to be! There are some companies that offer costly programs specializing in services to improve your credit, but there are actually only a few simple steps that can help you maximize your credit score on your own. Get these tips from the experts at Auto Action before visiting the used car dealers in Phoenix AZ.

1. Check Your Credit Report

You are allowed to view your credit report annually online for free. Make sure you double check it each year to make sure everything is accurate. Overlooking any unauthorized or incorrect information will be painful to deal with in the long run. Stay on top of your score and dispute anything that may be inaccurate.

2. Pay Off All Debts

Do you have outstanding credit card debt? Credit card utilization is one of the major factors in your credit score. Not only can you increase your credit score by reducing how much you utilize them, but you can also save money on interest by paying down your credit cards as soon as possible.

3. Know Your Credit Line Limit

As appealing as some programs your favorite store’s offer may be, try to avoid opening new and unnecessary lines of credit. The more you open up, the more you have to make sure you’re on top of. Sure, attracting rewards programs or hefty one-time discounts seem very tempting, but the long term effect for many people is very negative. Make sure you don’t open up a new credit card unless it makes financial sense.

4. Make All Payments On Time

Mark your calendar or do whatever it takes to make sure you don’t pay off balances late, as late payments can cause a quick downfall when it comes to credit. Some used car dealers in Phoenix AZ like Auto Action can actually help build up your credit when it comes to making all of your monthly payments on time.

5. Use Online Resources

Get into the habit of monitoring your own credit and finances by utilizing online resources such as Mint or CreditKarma. Many of these resources come free of change so why not take advantage of that?

Lowering your credit score can in turn help and benefit you in the future. With better credit comes lower interest rates, more loan options, housing or employment opportunities, and even insurance rates. Remember that no matter your credit score of history, Auto Action and many other used car dealers in Phoenix AZ want to help you get back on track and drive home in a new vehicle today!

Interested in learning more about improving your credit score or applying for Auto Action’s auto loan programs? Fill out the contact form to the right to connect with an Auto Action expert today!

Photo Credit: CafeCredit.com