Kias to Improve Credit
Did you know that buying a car can raise your credit score? If you choose the right loan, choose the right car, and make smart financial decisions, then a car purchase can help you get back on the right track.
If you have had previous struggles with finances and difficulties with your credit, then you are certainly not alone. However, even people with “bad” credit need cars, which is where we come in at Crown Kia of Longview.
The first step you need to take is shop around for a car loan. See what interest rates are available and what you could be eligible for. If you can’t find a loan that meets your needs, consider getting a co-signer, which would preferably be a trusted family member. Nevertheless, if you default on your loan, then the responsibility of paying it off will fall to your co-signer.
You also want to make sure you are getting a car that you can afford. Make sure the monthly payments are well within your budget, and try to pay more than the minimum payment each month. This will save you money on interest and help you pay off your loan faster.
All of these factors will help give you a healthier credit history and score.