At Blaise Alexander Ford of Mansfield, we know drivers are always looking to secure the best Ford finance package. This usually depends on your credit score; a higher score can help you qualify for better loan terms and lower interest rates. Improving your credit score can make a big difference, and we provide some helpful information on how you can do it.
Pay Bills on Time
One of the easiest ways to improve your credit score is by paying all your bills on time. This includes more than just credit cards or loans — it also applies to everyday bills like utilities. Consistent, on-time payments show lenders you’re responsible and reliable, which can raise your credit score over time.
Lower Your Credit Card Balances
Keeping your credit card balances low can also improve your score. Credit utilization, or the percentage of available credit you use, plays a significant role in your credit health. Try to keep your balances below 30% of your credit limit. This can help improve your score when you're ready to apply for Ford financing at our dealership.
Avoid New Credit Inquiries
Finally, avoid applying for new credit cards or loans before financing a vehicle. New credit inquiries can temporarily lower your score, so it’s best to wait until after your Ford purchase. Focus on managing your existing accounts and paying down debt. Credit checks typically take a while to fall off your credit history.
Apply for Ford Financing in Mansfield, PA
Following these simple steps can improve your credit score and increase your chances of securing better Ford finance terms. When you’re ready to buy, Blaise Alexander Ford of Mansfield is here to help you explore your financing options and find the best deal for your needs. Schedule a test drive appointment today!
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Finance