Broadway Auto Credit busts myths about 'helpful' credit tips Green Bay drivers receive information to actually improve credit scores

GREEN BAY, Wis., Jan. 30, 2014 /PRNewswire-iReach/ -- People are constantly bombarded with information about the best ways to improve credit or reduce the amount of debt they've accumulated over the years. Financial experts share information that may work for some people, but for others the opposite is true. Broadway Auto Credit is striving to bust some of the myths about 'smart' credit tips to get drivers back on the road with higher credit scores and reduced debt. 


There are many credit users that have been told that never using a credit card will help them to avoid building debt. While that part may be true, creditors will see a card that hasn't been active for over a year and close the account, which will lead to a decrease in credit score. Limiting credit card use is definitely encouraged, but making sure it's used consistently to make smaller purchases is even more important. 

Some financial gurus suggest that checking a credit report daily won't hurt a person's credit score when they are the ones requesting the score. While personal credit checks are considered soft inquiries as opposed to those conducted by lenders or employers, checking a score each day for a change in a couple points will only increase stress and take focus off the bigger picture - a person's long-term financial health. 

Those who have trouble with their spending habits may be encouraged to ask for a lower credit card limit. While that may seem like a helpful option, it can actually increase a person's credit utilization ratio (the ratio that determines how much a person owes as a percentage of how much credit he or she has) and hurt his or her credit score. Instead, credit users should focus on using credit cards strictly for smaller, consistent purchases. 

Broadway Auto Credit is hoping to break through the clutter of financial advice to offer drivers tips that will actually allow them to increase their scores and reduce their debt. For more information on how to improve a credit score or obtain an auto loan in Green Bay, Wis., contact the dealership online or at 855-395-2127.

Media Contact: Mercedes Mannino, Broadway Auto Credit, (855) 395-2129,

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SOURCE Broadway Auto Credit

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