Do you need to raise your credit score to be approved for Land Rover finance terms? If you choose to finance a car, your credit score is considered, indicating the likelihood of loan repayment, and a high credit score also offers favorable interest rates to car buyers. Learn about how to raise your credit score with the experts at Land Rover Jacksonville.
Pay Your Credit Card Balances
Credit card balances are a significant factor in your credit score. Put together a plan to pay off credit card balances by setting up automatic bill payments. This helps ensure that you are paying off your balance and helps to avoid missing payments.
Dispute Credit Report Inaccuracies
Routinely check your credit score to check for inaccuracies. File a dispute with the appropriate bureau if you believe that there is an error on your credit report. Your credit report will quickly improve after successfully disputing and correcting the mistake.
Handle Collections Accounts
If you have unpaid debt that has gone to collections, you can negotiate the debt or dispute it if you believe it’s an error. Pay off the debt in full or negotiate a settlement with the lender. Do not ignore the debt because lenders may sue you.
Join an Account as An Authorized User
Ask to be added as an authorized user on account of a family member or close friend with a high credit limit and a history of on-time payments. This will allow you to benefit from the positive payment history of the primary user.
Limit New Lines of Credit
Limit hard inquiries on your credit; this includes applying for a loan and credit card. Hard inquiries will lead to a dip in your credit score. Only apply for credit you need to help improve your credit.
Our Land Rover Jacksonville Finance Experts Will Help You Get Your Land Rover Vehicle
Do you have more questions regarding raising your credit score? Our Land Rover Jacksonville finance team will be happy to answer your questions. Visit us today!