When you come down to Heritage Subaru Catonsville, you’ll find Subaru financing support and resources you can really count on. Our team is here for you, and we make it easy to find the best vehicle to fit your budget. Learn more about how to get the best finance terms, with the following tips for raising your credit score.
Pay Down Your Debt
A general rule of thumb is that you don’t want to utilize more than 30% of your credit lines. When you go over that 30%, you typically begin to see a correlated decline in credit score. One of the fastest and most efficient ways to improve your credit is to pay down that debt to the best of your ability.
Ask for a Line Increase
You can also get closer to that 30% by extending your credit line, rather than reducing your debt. You want to avoid utilizing all your new credit but having a larger line will improve your credit score by reducing your credit usage percentage.
Pay Your Bills on Time
In addition to reducing your current debt, you want to make certain that you always pay your bills on time. Late or missed payments can significantly affect your credit score, and it may be hard to build those points back over time.
Apply Intentionally
In addition to debt, hard inquiries for new credit cards can really ding your credit. Of course, we all need to apply for a new card over time but try to do so intentionally and not too often.
Meet With Our Subaru Financing Team
Get the answers you need and the financing support you deserve right here at Heritage Subaru Catonsville. Schedule an appointment with our expert financing team to get started today.
