Did you know that anyone can raise their credit to help with buying a new or used car in Kansas City Missouri? You can’t do it all in one day but you can improve your score in a few months.
You need to start by having a positive outlook on your credit and paying your monthly payments on time.
Why you would want to build your credit score
It’s no lie it takes some time to make improvements to your credit score. It’s the small steps you take to improve the ongoing situation. Now you might not hit 200 points in one month or two but you will be making a positive effort to building up your payment history and that’s what auto lenders and creditors like to see.
You want to see why your credit score is so low. Knowing where you need to work on your credit score is going to help you out the best. You just don’t want to miss any payments not even one.
You want to check your credit; you are able to get a free credit report at least every 12 months. You should check to see if your bank can offer a free option to your credit score sometimes your credit card provider can share where to get a copy for free.
Pay off your debt, you don’t want that over your head and you want to pay them off or down as soon as possible if you can. 30% of your fico score is your debt. Your credit utilization should be at 20-25% nothing over 50%. Your debt can be the reason why your credit score is improving quickly.
Making your payment on time is the biggest factor for your credit score. It’s 35% of your score the more bills you pay on time the higher your score is going to be. If you make a late payment more than once you can see your credit score drop maybe 100 points.
Adding a line of credit doesn’t hurt but you have to make sure you pay the monthly payment on time. Lenders like to see people asking for credit lines handle different types of credit. A car loan can help your credit score but you have to know the payments you can afford and make them on time.
Low credit auto loans in Kansas City Missouri
But you can always get an affordable used car loan that will allow you to make monthly payments and build your credit score and payment history.
So if your struggling with credit we can connect you with a car dealership in Kansas City MO that makes sense for your credit.