The Key to Achieving a Good Credit Score

Having a good credit score can make the car-buying process easier and more affordable. We want you to make an informed purchasing decision, so here's some information on how to achieve and maintain a good credit score.

Your credit score tells lenders how reliable you are. One of the biggest factors that can affect your score is how you make your payments. If you're reported as late by a loan provider or credit card company, you may experience a drop of up to 100 points. If that happens, you need to make up the payments as soon as possible. The longer you stay behind, the more you will be reported. Large delinquencies, such as 60 or 90 days late, have a bigger impact on your score than the first 30-day report.

If you plan on financing your next vehicle purchase, stop by Bueno Used Cars today. Our dedicated financial team is ready to assist you.

 

 

Categories: Finance