When buying a car, it is in your best interest to have good credit. This is because a higher score will increase your chances of getting a loan, and it can also result in a lower interest rate. If you are looking to raise your credit score, the Volkswagen finance department at Chico Volkswagen has some tips that can help you do it.
Check Your Credit Report
The first thing you should do is look at your credit report. It is possible that your score is higher than you realize. This also gives you an opportunity to check for any errors. Disputing and fixing these could give your score a significant boost.
Pay Down Your Debt
You should try to pay off as much of your debt as possible. Start by focusing on the debt that has the highest interest rates, such as credit cards. You may also want to think about consolidating your debt to reduce the number of regular payments you need to deal with. Keep your credit utilization to 30% or lower for the best results.
Automate Your Payments
Many people get into trouble with their credit because they don’t pay their bills when they are due. Fortunately, there is an easy fix for this. By automating your payments, money will be taken out of your account without you having to do anything so you can be sure they will always be on time.
Get Volkswagen Financing Guidance in Chico, CA
If you have questions or concerns about Volkswagen financing or your credit score, get in touch with Chico Volkswagen. And once you are ready to buy, we make the finance process easy. All you need to do is fill out our online application and this will help you get pre-approved for your loan. Come take a test drive today!
Connect with us
