How to Repair Your Credit
Autoloan Credit Express Is Here to Help Boost Your Credit Score
Oftentimes, having a bad credit score is no fault of your own. Your credit score may be low for a variety of reasons, one of which being you haven't had the opportunity to build credit. Regardless of how you wound up with poor credit, Autoloan Credit Express is here to help you repair your credit score. Our car finance and loan companies located in Fall River, New Bedford and Swansea, MA work with our local dealerships to provide affordable financing options and guidance, no matter your credit situation. Allow us to provide you with tips and financial resources to repair and boost your credit score.
If you haven't seen or checked your credit score in the past two years, you can request a FREE credit report from one of our listed reported agencies or credit bureaus. Contact Experian, Equifax and TransUnion today for your free credit report.
Your Credit History & How It Applies to Your Auto Financing Journey
Not sure where your credit score lies? If you haven't seen or checked your credit score in the past two years, you can request a credit report from one of our listed reported agencies or credit bureaus. The same goes if you've never seen a credit report or want to monitor your credit.
When you see the credit report, make sure to check it carefully for accuracy and that no errors are causing further harm to your credit score. If there is a mistake, make sure you provide proof of the error to the entity that reported it and the credit reporting agency.
It's always better to know what your credit score is before you begin a financing journey. While it's easier to finance a new car with a higher credit score, Autoloan Credit Express works with customers of all credit scores, whether they have good credit, bad credit, or even no credit at all. We provide subprime financing so you can afford the car you want to drive around Fall River, MA. Your credit score ranges between 300 to 850 and is broken up into the following tiers:
- Excellent: 750 or Above
- Good: 700-749
- Fair: 650-699
- Poor: 600-649
- Bad: Below 600
Taking Steps Toward Better Credit
Customers from Providence and the greater New England area may be wondering: How do I repair my credit score? Consider the following steps to get over the hump and make your next financing journey simpler and less stressful.
1. Pay Bills on Time
Late payments have a negative effect on your credit history and are reflected on the report.
2. Make At Least the Minimum Payment Each Month
A payment is better than none. If you've racked up a significant amount on your credit cards, pay at least some of what you owe by putting the minimum monthly payment forward, for starters.
3. Obtain a Source of Credit
Some New Bedford customers may not have a source of credit. You need to start somewhere. A credit card is one such credit source. If you don't have a credit card, get one and make the minimum payments to build a good credit history.
4. Don't Apply for More Credit Than You Require
Believe it or not, there is such a thing as too much credit. Each credit application appears on your credit report and can cause worry for potential creditors or lenders, who may worry you're about to take on additional debt. Just like you don't bite on more than you can chew, you shouldn't apply for more credit than what you're able to pay for.
5. Don't Ignore Your Debt Obligations
Work with your lender or credit agency and discuss a potential reduced payment plan if you're having difficulty making minimum payments. A credit counseling service may also be of assistance. Whatever you do, don't run away from your debt. Face it head on, so that Autoloan Credit Express can situate you with affordable financing on your next vehicle.
Major Bad Credit Obstacles to Avoid Moving Forward
- Late Rent Payments
- Credit Card Balance Transfers
- Tax-Liens
- Bankruptcy
Additional Tips Subprime Lenders Should Follow Before Financing Their Next Car
- Clear or pay down any existing debt, thus lowering your debt-to-income ratio
- Consider a co-signer
- Choose a loan with a shorter term
- Apply for credit only when absolutely necessary and avoid applying for a surplus of credit cards
- Save up for a down payment on your new or used car purchase
- Make monthly payments on time
Apply for Auto Financing Through Autoloan Credit Express
Have your tips jotted down to repair your credit? Great! Follow them, and when you're ready, Autoloan Credit Express is here to help your auto financing journey. You can work on getting pre-approved for an auto loan by filling out our online finance application. Repairing your credit is easier than you think. Rely on the financial experts at Autoloan Credit Express in Fall River, MA for any assistance. We are happy to help!
How Can We Help?
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Autoloan Credit Express
428 Pleasant Street
Fall River, MA 02721
- Sales: (508) 673-7646
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