Securing a better Mazda finance deal means knowing your credit score and how to get a better bargaining position. Raising your credit score before you seek out an auto loan is the best course of action. As part of our Mazda Finance Tips series, learn how to raise your credit score at Cook Mazda.
Keep Your Credit Usage Down
One of the best ways to improve your credit score is to only use your cards and accounts as much as necessary. It’s generally recommended that you keep your overall credit usage below 30%. Otherwise, you run the risk of having red marks on your credit report for overuse. Always balance out your card usage to ensure an even spread.
Pay Your Bills
You’ll also want to pay all your bills and payments on time to improve your credit score. Any missed payments are a huge demerit on your account and will inevitably reduce your financial standing. If you find yourself about to be behind on a payment, contact your account holder immediately to work out a repayment strategy.
Don’t Open Big Accounts
If you’re planning to seek out Mazda financing, you need to make sure you aren’t opening any other accounts as you prepare your credit score. Taking out multiple big loans or debts at a time is a great way to lose points on your financial report. Save up for an auto loan and put any other big commitments on the back burner, if at all possible.
Get MAZDA Finance and Credit Score Advice in Aberdeen, MD
If you want more advice on raising your credit score or securing a better financing offer, our dealership can help you. Contact Cook Mazda today to talk to our finance team or get pre-approved for a loan.
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