Ways to Improve Your Credit Score

Credit Scores
 

If you’re looking to buy a new car, one thing you need to make sure you have in order before making the jump is your credit score. Many Morton and Peoria drivers quickly realize they need to raise their credit score in order to get the most desirable finance and loan options available as this is what helps them secure the best payment plan for their purchase.

Good credit means loan companies and financers put their trust in you to repay what they’ve loaned to you. So with good credit, a whole world of possibilities opens up, just like buying the car of your dreams! Take a look below to see our best tips to increase your credit score and ways to raise your credit score.

 

 

How to Boost My Credit Score?: Why It Matters 

With a higher credit score, you open doors to:

  • Attractive finance offers and low-interest rates
  • Easier loan approvals
  • Better insurance premiums
  • A stronger negotiating position when making big purchases near Peoria

Top Tips to Increase Your Credit Score

Want to know how to better your credit score? Take a look below to review some of our best tips to increase credit score and ways to raise your credit score:

  • Regularly Check Your Credit Report – Ensuring there are no errors is one of the primary ways to raise your credit score.
  • Pay Your Bills On Time – Timely payments can drastically impact your score. Set up automatic payments or reminders to avoid missing a date.
  • Lower Your Credit Utilization Ratio – Try to keep your credit card balances low compared to your credit limits. A lower ratio shows lenders you’re not overly reliant on borrowed money.
  • Don’t Close Old Accounts – Length of credit history matters. By keeping older accounts open, even if you don’t use them often, you demonstrate a longer credit history, which can help when considering how to boost your credit score.
  • Limit Hard Inquiries – Every time a lender checks your credit due to an application you filled out, it can cause a small dip. Only apply for the credit you genuinely need.
  • Diversify Your Credit – Having a mix of credit types, like credit cards, retail accounts, installment loans, and mortgage loans can show lenders that you can manage various credit types responsibly.

See Ray Dennison Buick GMC for More Tips to Increase Your Credit Score 

Once you learn how to get a better credit score, you’re one step closer to securing the car of your dreams. Contact us today to learn more or explore our online shopping tools like our value your trade calculator and our monthly payment calculator for more help with your new car purchase.

 

More from Ray Dennison Buick GMC

  • 2024 Buick Encore GX MPG

      Buick offers four remarkable, family-friendly SUVs for the 2024 model year, including the Buick Encore GX. Positioned as a sporty option within the lineup, the Encore GX provides ample space, advanced connectivity features, and comfortable amenities to enhance every drive in Peoria. Furthermore, the 2024 Buick Encore GX boasts impressive fuel efficiency, helping you…

  • 2023 Buick Envision Trim Levels & Price

    Navigating the competitive SUV market can pose a challenge, but if you’re in search of luxury within budget constraints, Buick stands out as the brand to consider. Renowned as the entry-level luxury brand, Buick vehicles, particularly the Envision models, offer a serene interior and a comprehensive standard advanced driver safety suite. Explore the diverse Buick…

  • 2024 Buick Encore GX Colors

    Take on Peoria roads with the redesigned 2024 Buick Encore GX! This premium subcompact SUV is available with the amenities and tech expected in a modern luxury vehicle with a small footprint to take on the crowded streets and parking lots around the Morton area. With its new exterior and interior styling for the 2024…

Saved Vehicles

You don't have any saved vehicles!

Look for this Save icon

Once you've saved some vehicles, you can view them here at any time.

Ray Dennison Buick GMC 40.5985, -89.6389.