Improving your credit score is one of the keys to getting a car loan that you can afford on a car you actually want. There are a few ways to go about doing this. Mostly, it is about sticking to the basics.

Pay your bills on time to see the greatest increase in your score over time. It may sound like a no-brainer, but creditors want to be paid on time. If you can only afford the minimum, then at least put that much forward as a way of keeping yourself current.

Look into paying more than the minimum on any balances that you can as this also reflects well on your credit score. At the same time, you will want to keep your utilization down as low as you can to boost your score. This is the percentage of the total amount of money that you have available as credit that you are actually using. The lower the utilization is, the better.

Categories: New Inventory, Social