Ways to Improve Your Credit Score

Car key & credit card on a signed contract

If you’re in the market for a new vehicle to improve your drives throughout and beyond Old Saybrook, you may be curious about ways to improve your credit score so you can secure the best rates for a car loan or get a lease. In the following guide, we’ll detail some of the most effective ways to improve your credit score both in the short term and long term. Read on below for our tips to increase credit score and contact us today for more financial guidance and advice.

Ways to Raise Credit Score

If you’re searching “how to boost my credit score,” you’re in the right place. Our helpful and knowledgeable finance team pulled together our best tips to increase credit score numbers:

  • First and foremost, the sooner you start building credit, the better. The lifespan of your credit journey matters. The more positive credit history you have, the better you look to a lender. If you have proven over a long period of time that you reliably make payments, you’re more likely to secure great interest rates. So, if you have yet to build credit, start now.
  • Put recurring payments on autopay. For example, putting your streaming service subscriptions or recurring monthly bills on autopay (if applicable) is a surefire way to guarantee you continually make payments on time. What’s more, see if it’s an option to put your credit card payment on autopay so you can’t miss it.
  • Stay within 30% of your credit limit. Lenders also look to see how much you rely on your credit cards. By staying within 30% of your total credit limit, your credit score will remain stronger and you’ll be less of a risk to auto loan lenders like a Middletown bank or credit union.
  • Don’t close unused cards. Doing so could negatively impact your credit score. Putting a few monthly payments on less-used cards will keep them active, continue building your credit history, and protect your credit from suffering the blow closing a card could cause.

Learn How to Get a Better Credit Score and More at Old Saybrook Chrysler Dodge Jeep RAM

We hope you found this resource on ways to improve your credit score to be helpful! If you have remaining questions about how to get a better credit score, or how to go about getting the most competitive interest rates and more, contact us today. Our team here at Old Saybrook Chrysler Dodge Jeep RAM is passionate about helping our New London and Madison drivers make the most out of their car-buying experience!

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255 Middlesex Tpke • Old Saybrook, CT 06475

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Old Saybrook Chrysler Dodge Jeep RAM 41.3069593, -72.3825927.