How to Get a Better Credit Score

When applying for credit around Killeen, every point on your credit score can contribute to a better deal on your next loan or lease. So, what are some easy ways to raise your credit score before you apply? In this guide, we’ll walk you through some different methods to take control of your finances and help you get into the vehicle of your dreams at Don Ringler Chevrolet!

Check Your Credit Report

One of the simplest tips to increase your credit score is simply to check your credit score in the first place. Under the Fair Credit Reporting Act, you are allowed to check your credit annually with all three major credit bureaus: Experian, Equifax, and TransUnion. This helps you catch issues like identity theft, errors, and more.

Assess Your Debts

What are your debts and exactly how much do you owe? Your debts contribute greatly to your credit score, so assessing your debts is a good starting point. Two major contributing factors are the number of cards you hold with balances and your debt-to-credit ratio. The more credit cards with active balances you have, the lower your credit score could be. Additionally, if you are utilizing more than 30% of your available credit every month, this can also tank your credit score.

Take Control of Debts

Once you’ve determined how much you owe in Salado, you can create a plan that helps you tackle every cent. There are three phases:

• Eliminate debts in collections
• Pay off small balances on cards
• Work to pay off larger debts in smaller amounts

Building Credit

If you have zero credit in Georgetown, learning how to boost your credit score is a little bit different. Instead of prioritizing debts, you will work on actively building up your credit history.

• Open a credit card and pay it off every month in full.
• If you can’t get a regular credit card, a succeed credit card is an excellent choice.
• Ask if you can add your name to a family member’s account to boost your score, but be sure to work out how payments will be handled in advance.

Get Expert Financial Advice at Don Ringler Chevrolet

Learning how to get a better credit score can open up brand new options for your financial future, so be sure to get in contact with us at Don Ringler Chevrolet to find out how we can help you. We offer a full range of new and used vehicles, along with rotating offers and incentives, and our finance team can get you one step closer to the car of your dreams. You’ll find more helpful guides to help you get your next ride with a look at how you can get financing even with a poor credit score.