Credit utilization is your balances vs. your credit limits. If your balances are over 30% of your credit limits, you may be negatively impacting your scores. Lowering your balances to 30% will help maintain your scores while lowering them to <15% will help you increase your scores each month.
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HOW YOUR CREDIT SCORE AFFECTS YOUR AUTO LOANS
It’s 2022. There are not many places where you can rely on public transportation alone. And with the cost of public transportation growing each year, owning your own car just might be the more affordable option. If you have good credit. Let’s face it, most people cannot afford to buy a car with cash upfront. …
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Are There Accounts That Are Not Yours?
Sometimes there are accounts that are not yours. Perhaps they were merged with a family member’s file with a similar name. Or someone else who may have a similar name or SSN. If there are accounts that cannot be attributed to a merged file, this may be a sign of identity theft
Check Your Credit Report for Mistakes
Check your credit report for mistakes that might be hurting your credit scores. If the different bureaus are reporting different balances, different dates, late pays that were not late, or any other erroneous information, you can dispute and remove the item from your report.
Credit utilization is your balances vs. your credit limits. If your balances are over 30% of your credit limits, you may be negatively impacting your scores. Lowering your balances to 30% will help maintain your scores while lowering them to <15% will help you increase your scores each month.
If a friend of family member with credit cards that have good utilization and longevity is willing to add you as an authorized user, you may experience a credit boost when they appear on your credit. If you have no choice and have to purchase a car with bad credit, spend the next year dutifully …