If you have bad credit, not to worry, you can still get in the vehicle you desire while rebuilding your credit standing. Our expert advisors here at Autohouse Kingston are driven to find you a vehicle you love—while creating a financial road ahead for your credit situation and budget. Utilize our Credit Rebuilding plans, and quickly improve your financial future! While we always value our customers, we plan for you to not need credit rebuilding programs again after your loan through us is complete. Check out more information below on our process, as well as how you can improve your credit score for the future.
Our Credit Rebuilding Process
Poor credit isn’t a problem for us here at Autohouse Kingston, as our lending partners have solutions perfectly tailored for customers of varying financial situations. Fill out our online financing application, and our representatives will be in touch with you to go over your monthly budget and financial history. Once we determine your credit score and history, we’ll set you up with a plan that works for your budget and financial future over the duration of the loan. After your loan is set up, we’re more than happy to help you find the right vehicle from our impressive selection of inventory.
How to Improve Your Credit Through an Auto Loan
An auto loan can be a great 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 personal advisor will take time to understand your unique financial situation, and walk you through the plan ahead. 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, and in turn, you will receive a higher 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 combined with a loan from Autohouse Kingston, your credit score can increase immensely in the near future.
- Pay Off Your Credit Card: Credit card trouble can be a 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.
- Keep a Low Utilization Ratio: With your credit cards, aim to only utilize less than 30% of your available credit limit on the cards when possible. 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, ensuring that bills are paid on time can pay dividends down the road when it comes to 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!