At Jenkins Acura, we help drivers with all levels of credit — but improving your credit score will give you access to better offers. Take these steps before you visit our Acura finance center for a stronger score.
Make On-Time Payments
It may seem obvious, but making all of your payments on time is one of the biggest ways to improve your credit score quickly. Set up automatic payments for your regular bills, at least for the minimal amount, and set reminders for any bills you have to pay manually. Missed payments stay on your record for up to seven years, so avoiding late payments can be a major help over time.
Keep Your Oldest Account Open
Part of your credit score is based on how long your credit accounts have been open for, so you should keep your oldest account open as long as you can. Make occasional small purchases with your oldest card and pay off the balance to keep it active. If the account no longer fits with your finances, contact your bank to see if it can be upgraded or downgraded instead of cancelling it.
Pay Off High Balances
Even if you keep up with your payments, if you are regularly using most of the credit available to you, it will hurt your score. Try to keep your credit utilization rate as low as possible by paying down balances. A debt consolidation loan or balance transfer card can also help you get on top of your utilization rate.
Apply for Financing at Jenkins Acura in Ocala, FL
Improving your credit score is a long process, but our team at Jenkins Acura can help find a plan that works for you. Visit our Ocala, FL Acura dealership to find out more, then take a new Acura model for a test drive today!