Check Your Credit Report & Fix Any Errors

To start, it’s essential to check your current credit status. This gives you a clear picture of where you stand and what improvements are necessary. Thankfully, obtaining this information is now simpler with credit bureaus like TransUnion, Experian, and Equifax. You can request a free copy of your credit report from any of these reliable sources. However, be aware that errors in these reports can negatively affect your score, and addressing them may require individual disputes if you choose to do so.

Unsure about what constitutes a “good” credit score? Most lenders rely on VantageScore 3.0 and FICO® Score 8 for precise assessments. Generally, credit scores fall within the range of 300 to 850. Scores at the lower end are deemed poor, while those at the higher end indicate a good credit score. Your primary objective should be to elevate your score as much as possible.

Make Payments on Time

Ensuring timely payments is among the most effective methods to boost your credit score. Your payment history influences 35 percent of your score , underscoring the importance of consistent payments. To streamline this process, consider arranging automatic payments or setting reminders to avoid late payments altogether.

Stay Below Your Credit Limit

Another vital aspect to address in your efforts to enhance your credit score is your credit utilization rate. This factor holds significant weight, accounting for 30 percent of your credit score. Individuals with excellent credit scores typically utilize less than 30 percent of their available credit. Aim to keep your spending within this range to positively impact your score.

Be Patient

Arguably one of the most challenging aspects of this journey is the waiting period — it often feels like the only option available. After you’ve invested effort in improving your credit score — by consistently making payments on time, rectifying errors and managing your spending — patience becomes key. Once you notice a positive trend, you’ll be prepared to get pre-approved. Our finance team is equipped and ready to help you attain your ideal vehicle.