Credit report with score on a desk

How to Improve Your Credit Score

If your credit score is causing you problems in securing a credit card or car loan, we at Findlay Mazda can help you figure out how to get a better credit score to get the lease or loan that’s right for you. Find out ways to raise your credit score today with our list of tips then apply for financing online to get the process started today!

Tips to Increase Credit Score: Check Your Credit Reports

Apart from bigger issues like identity theft, mistakes happen and can negatively impact your credit score. Obtain a report from all three major credit bureaus: Experian, Equifax, and TransUnion to make sure the information is right. The Fair Credit Reporting Act entitles you one free copy a year that you can access at AnnualCreditReport.com.

Assess Your Debts

Make a list of your debts so you can see exactly what you owe. The two main determining credit score factors are:

  • Your debt to credit ratio: How much available credit you have vs. how much you have actually charged. Ideally, you want to keep your credit card charges under 30% of the available balance every month.
  • Number of cards with balances: The more cards with balances, the lower your score.

Create a Payment Plan

Attack your debts with a repayment plan that includes tackling debts in collections, eliminating small balances on cards, and working to pay down larger debts.

Open a Credit Card

If you’ve never had a loan or a credit card, this could also be the reason your credit score is low. Open a credit card and make sure you keep the spending under the 30% balance and pay your bills on time each month, this is a simple way to improve your credit. Pick a recurring monthly charge and pay it with your credit card. Also be sure to keep setting money aside to pay off the credit card balance once the bill arrives.

If you don’t qualify for a regular credit card, consider a secured credit card. This type of card has a small limit and usually requires an initial deposit of up to a couple hundred dollars to open.

Build a Credit Age

Your credit score is built over time. If this is something you need improved sooner rather than later, and you are starting today, one way to improve or add to your history is to become a user on a family member’s account. As long as they have paid their bills on time that will begin to reflect well on you. Before you try this, you have to make sure both parties have a clear agreement on who gets to use this line and how the payments will be handled.

Minimize New Credit Applications

A new card or a loan can definitely benefit your credit score, each application can take a toll on your credit. To avoid some of the damage to your credit score, you’ll want to keep your applications within a 14-day time period.

Find Out More Ways to Raise Credit Score at Findlay Mazda

Looking for additional advice or help on how to get a better credit score? Contact the Finance Center at Findlay Mazda. Our credit experts can help walk you through the process and get you in the new vehicle of your choice today! Don’t hesitate to reach out with any questions in the meantime about our models, SKYACTIV® TECHNOLOGY, and more.

Saved
Saved Vehicles ×

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

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

Contact
Contact Us ×

Sales

702-955-5555

Call Now

Service

702-955-5550

Call Now

Parts

702-955-5570

Call Now

7760 Eastgate Road • Henderson, NV 89011

Get Directions

Today's Hours:

Open Today! Sales: 8am-9pm

Open Today! Service: 7am-6pm

Open Today! Parts: 7am-6pm

Findlay Mazda

7760 Eastgate Road Henderson, NV

Phone: 702-955-5555

http://maps.google.com/?q=7760%20Eastgate%20Rd%2C%20Henderson%2C%20NV%2089011

Parts

Phone: 702-955-5570

7760 Eastgate Road Henderson, NV

Sales

Phone: 702-955-5555

7760 Eastgate Road Henderson, NV

Service

Phone: 702-955-5550

7760 Eastgate Road Henderson, NV
36.046006 -115.01858
[schema type="organization" orgtype="LocalBusiness" url="www.findlaymazda.com" name="Findlay Mazda" description="" street="7760 Eastgate Road" city="Henderson" state="NV" postalcode="89011" country="US" email="amontalvo@findlayauto.com" phone="702-955-5555" logo="https://di-uploads-development.dealerinspire.com/findlaymazda1/uploads/2018/12/FindlayMazdaOGImage.png"]
Findlay Mazda
Findlay Mazda
7760 Eastgate Road
Henderson, NV, 89011 US
702-955-5555
https://di-uploads-development.dealerinspire.com/findlaymazda1/uploads/2018/12/FindlayMazdaOGImage.png
Findlay Mazda 36.046006, -115.01858.