Nissan Finance Tips: How to Raise Your Credit Score

When it comes to auto financing, your credit score can play an important role. For some buyers, that’s fantastic news, while for others, not so much. Our Nissan finance experts at Nissan of Cookeville are sharing some tips to help you raise your score before you shop.

Check Your Credit Report

Before you can raise your score, you need to see what’s affecting it. You can actually check your credit report for free once each year at annualcreditreport.com. If you notice any discrepancies, you’ll need to dispute them with the reporting agency.

Pay Down Your Revolving Debt

If you’re maxing out your credit cards, that can seriously impact your credit score. Paying down your balances can help in two ways. You’ll be increasing your available credit and lowering your utilization, which raises your score. You’ll also be lowering your total debt and improving your debt-to-income ratio.

Request a Credit Line Increase

You can also quickly lower your utilization by requesting a higher credit limit. Your credit utilization is one of the largest contributing factors to your score, so this can be an important step. Keep in mind: this is only beneficial if you don’t use the extra credit.

Become an Authorized User

If a family member or close friend has great credit, you could benefit from it. If they’re willing, you can request to become an authorized user on their credit card. This can increase your available credit, as well as add credit history and on-time payments to your score.

Apply for Nissan Financing in Cookeville, TN

While a high credit score is certainly beneficial, you aren’t necessarily ruled out of financing without one. Our team can help you secure an auto loan with attractive terms. Visit Nissan of Cookeville to discuss your financing options today!

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