Before you apply for Nissan finance offers, you may need to raise your credit score. Poor credit history doesn’t necessarily mean you can’t get auto financing, but improving your score can help you obtain more favorable loan terms. The team at Hall Nissan Virginia Beach recommends these five financing tips for raising your credit score.
Pay Your Bills
The best way to improve your credit score is to promptly pay your financial obligations. Credit cards, loans, and other financing you’ve received should be paid on time every month to improve your credit standing.
Keep Credit Card Usage Down
It’s important not to use your credit cards too much; otherwise, your credit score will decrease. Keep your credit card usage under 30 percent on each card for optimal credit scores.
Deal with Debt
Debt can be a serious weight on your financial standing. If you can pay off any debt, do so before you apply for Nissan finance offers.
Don’t Apply for New Credit
Once you’ve decided to apply for Nissan financing, you should avoid seeking any other lines of credit as you build up your credit score. Other financing options require a credit score check, often adding a temporary negative mark to your account.
Correct Credit Errors
There might be an error on your credit report that is negatively affecting your credit score. If you have evidence that an error exists, send it to your financial institutions. Upon review, they may approve your claim and discount the negative mark.
Learn About Nissan Finance at Hall Nissan Virginia Beach
Once you’ve raised your credit score, you can start applying for auto financing. Visit Hall Nissan Virginia Beach to browse Nissan finance options or tour our selection of new Nissan models.