We usually recommend building your credit score before getting a car loan. But if you cannot wait for a few months, we suggest you do some homework. Doing this will help you save a lot of money on your dream car loan.
In this, I will give you hidden tips and tricks about credit scores as they relate to car loans and walk you through the steps to help you get the best rates possible in the market for your distinct situation.
Read MoreAre you going to apply for a credit card these days? Are you considering asking for a mortgage loan, or of any kind, in the next few months? You may not be planning to go into debt? In any case, you need to know your credit score and know what your profile looks like to the credit institutions because you do not know when you will have to resort to them.
Read MoreA credit score is a 3-digit number that acts as a “snapshot” of your overall credit history and predicted creditworthiness. Lenders reference your credit score as the quickest, easiest way to gauge the overall risk involved in offering you a loan. A high credit score makes it easier to borrow more money on better terms. A low score makes it difficult to borrow at all, and when you do, it means lower limits and higher interest rates.
Read MoreCredit scores can be confusing, even for those who are financially savvy. Many people know that a good credit score will boost your chances of getting a mortgage since it shows the lender that you are more likely to repay the loan on time. However, there is also a minimum credit score to buy a house. The minimum credit score to buy a house will depend on what type of mortgage you are interested in.
Read MoreIf you want to move from an average credit score or even a poor credit score to a great credit score, I have good news. While there are no magic solutions or quick fixes, it’s also not impossible to improve your credit score to 700+. It’s not even all that complicated and might not take as long as you think.
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