When it comes to securing favorable Jeep® financing terms, your credit score plays a large role. Whether you’re dreaming of conquering the trails in a rugged Jeep Wrangler or cruising down the streets of Asheville, NC in a Jeep Cherokee, Fields Chrysler Jeep Dodge RAM has a Jeep SUV that is right for you. These are some tips on how to raise your credit score so that you can get behind the wheel of your dream Jeep SUV.
Check Your Credit Report for Errors
Your first step is determining where you stand in your credit journey. Request a free copy of your credit report from the major credit bureaus (Equifax, Experian, TransUnion). Review it carefully and take note of any discrepancies or errors.
Always Pay Bills on Time
Your payment history is the most significant factor that goes into your credit score. To ensure that you do not miss a payment, set up automatic payments or reminders of when the due date is approaching.
Reduce Your Debt
Paying down your credit card balances is a way to improve your credit utilization ratio, which is the amount of credit that you’re using compared to your available credit. A guideline is to keep this ratio below 30 percent.
Become an Authorized User
If you have a family member or a friend with good credit, ask them if you can become an authorized user on their credit card. While this can help you build credit, it is important to remember that their credit behavior will directly affect your score.
Don’t Open Too Many New Accounts
Applying for multiple credit accounts in a short time period can lower your score. Instead, only apply for credit when you need it. Too many open credit accounts can reflect poorly to lenders.
Apply for Jeep Financing in Asheville, NC
Here at Fields Chrysler Jeep Dodge RAM, our friendly finance professionals are here to help you secure Jeep financing that works for you. Stop by our dealership today to explore your financing options and take a test drive!