If you have bad credit, not to worry. Our expert advisors at Autohouse Kingston are driven to find you a vehicle you love—while creating a financial plan that will help improve your credit. Use our Credit Rebuilding plan, and quickly improve your financial future! Our goal is to make sure you do not need credit rebuilding programs again after completing your loan. Check out the information below about our process, and learn how you can improve your credit score for the future.
Our Credit Rebuilding Process
Poor credit is not a problem at Autohouse Kingston, as our lending partners have solutions perfectly tailored for clients with varying financial situations. Complete our online financing application, and our representatives will be in touch with you to review your monthly budget and financial history. Once we understand your financial situation, we help you find a plan that works within your budget and will improve your financial future over the duration of the loan. After your loan is set up, we will help you find the right vehicle from our impressive inventory.
How to Improve Your Credit Through an Auto Loan
An auto loan can be an excellent tool for improving your credit, and no one knows this better than our team of expert advisors. We understand that a low credit score can impede your financial goals and dreams. We also know that debt can be intimidating or feel insurmountable. Rest assured, your advisor will take the time to understand your unique financial situation and walk you through the plan. When you consistently make your monthly payments on time, you will gradually improve your credit standing. As you pay off your loan, we report to the credit bureau that you have been making payments as due, increasing your credit score over the duration of your loan.
How Can I Improve My Credit Score?
Aside from consistently paying off an auto loan, there are several other actions you can take to improve and maintain your credit score. When you combine these strategies with a loan from Autohouse Kingston, your credit score can increase immensely quickly.
- Pay Off Your Credit Card: Credit card trouble is often the root cause of a low credit score. Ensure that this high-interest debt is paid off as soon as possible so that your interest payments can be used to pay down other debts. At the very least, make the minimum payments on your credit cards every month.
- Maintain a Low Utilization Ratio: With your credit cards, aim to utilize less than 30% of your available credit limit. A low utilization ratio shows the Credit Bureau that you are financially responsible and less risky to lenders.
- Make Future Payments on Time: Like your auto loan with us, be sure to pay all your bills on time. While this may require sacrifices in your budget, paying your bills on time can pay dividends down the road by increasing your credit score.
As the experts in Credit Rebuilding for customers across the Kingston region,
give us a call or contact our dealership today to get started!