How to Improve Your Credit Score

Bad Credit

If you have poor credit, you already know that a low credit score can make it difficult to secure a credit card or auto loan. Are you ready to learn how to get a better credit score? If so, read on. Here the finance team at Riverside Buick GMC shares some helpful tips to increase your credit score. If you have questions, feel free to reach out to us. We’re here for you and proudly service the greater Cartersville area.

Review Your Credit Reports

Everyone makes mistakes, even credit reporting agencies. Mistakes in your credit report can cause many hassles for you around %%target_city-1%%. So, one of the best ways for how to boost your credit score is to clear up any mistakes that are on your credit report. Start by obtaining your credit reports from all three major credit bureaus: Equifax, Experian, and TransUnion. The Fair Credit Reporting Act allows you to get one free copy per year, and you can obtain it at AnnualCreditReport.com

Assess Your Debts

Create a list of all your debts to understand what you owe. Two things that significantly impact credit scores are:

  • Your debt to credit ratio: The amount of available credit you have available vs. how much you have used or charged. Ideally, you should try to keep your credit card charges under 30% of the available balance each month. 
  • The number of credit cards with balances: The more credit cards you have with a balance, the lower your score will be. 

Create a Payment Plan

Another way to raise your credit score is to tackle your debts with a focused repayment plan. Start with any debts in collections and pay them off as soon as possible. Then, begin eliminating small balances on your cards, and lastly, attack your larger debts. 

Open a Credit Card

Here is another tip to increase your credit score. If you have never had a credit card or haven’t had one in a long time, apply for one. Opening a card in Rome will help you establish credit. Just be sure to keep the balance below 30% of your available credit and pay your bill on time each month. A simple way to raise your credit score is to pick one recurring monthly charge and pay it with your credit card. Then, pay off the balance each month as soon as the bill arises. If you can’t qualify for a regular credit card, apply for a secured credit card, which means you may have to make an initial deposit of up to a couple hundred dollars. 

Minimize New Credit Applications

Be aware of the number of new credit applications you submit and try to keep them to a minimum. Too many credit apps in a short period can hurt your credit score. 

Find Out How to Boost Your Credit Score at Riverside Buick GMC

Now that you know how to get a better credit score, if you need more advice, turn to the finance specialists at Riverside Buick GMC, near Acworth and Canton. From obtaining an auto loan with bad credit to tips for saving for a down payment and more, our finance team is happy to help. Don’t hesitate to reach out to us today and let us know if you enjoyed these tips to increase your credit score.

More from Riverside Buick GMC

  • 2022 GMC Yukon Towing Capacity

      The full-sized 2022 GMC Yukon is capable of towing up to 8,400 pounds when full equipped. You can also rely on the GMC Yukon for excellent towing capabilities and high-level designs. If you are considering a Yukon SUV, you might want to consider learning about our specs below. Visit us at Riverside Buick GMC near Rome…

  • 2022 GMC Terrain Interior

      If you are looking for a vehicle to provide you with power and excellent driver assistance features in the Rome area, check out the new GMC Terrain. Whether you are looking for the Terrain SLE or the high-tech Denali model, you’d want to visit us at Riverside Buick GMC to buy a vehicle. Join us to…

  • What is the 2022 GMC Acadia Towing Capacity?

      The search for a high caliber full-sized SUV that can handle your Rome adventures is over thanks to our inventory of new GMC Acadias at Riverside Buick GMC. You’ll experience a powerful engine and cozy interior specs, but how much can the GMC Acadia tow? When properly equipped, the GMC Acadia can tow up to 4,000…

Search
Contact

Contact Us

Main 770-382-5910 Sales 770-382-5910
125 S Dixie Ave
Cartersville, GA 30120
Garage

Garage

Your garage is empty.
Save some vehicles to get started!
Search
Contact Us

Contact Us

Main 770-382-5910 Sales 770-382-5910
125 S Dixie Ave
Cartersville, GA 30120
Garage

Garage

Your garage is empty.
Save some vehicles to get started!
Riverside Buick GMC 34.1637, -84.7895.