Broadway Auto Credit Educates Green Bay Drivers on What Affects Credit Scores Auto credit and improved credit scores are attainable with the help of Broadway Auto Credit
GREEN BAY, Wis., April 11, 2013 /PRNewswire-iReach/ -- Sometimes the first step to making improvements to less-than-desirable credit is be educated on what affects it both negatively and positively. Broadway Auto Credit is dedicated to helping drivers who have found themselves in difficult financial situations obtain auto credit for used cars in Green Bay WI. Knowing what can be done to improve or worsen credit scores will allow drivers to get back on the road and get back to their lives.
Starting with the bad and ending with the good, there are many things that can impact a person's credit score. The most common is late or missed payments. The ability to pay for bills and loans on time is integral to a person's financial credibility. Also, using over 80 percent of available monthly credit is not encouraged. Foreclosures, bankruptcies, extended periods of unemployment, and excessive lines of credit can also negatively affect the strength of a person's credit score.
On the more encouraging end of the spectrum, there are several ways to positively affect credit scores. Fully paying bills on time is the best way to maintain a good credit standing. Utilizing less than a quarter of available monthly credit also shows a person's independence from credit while still working to build credit over time. Finally, steady employment is often associated with diligence and the ability to pay bills on time.
Credit scores are heavily affected by a person's payment history. However, the length of a person's history is only as good as the strength of it. Outstanding debt also impacts credit scores. Getting all of those things on track will help drivers rebuild their credit and receive auto loans.
Broadway Auto Credit is a solid resource for drivers looking to get approved in Green Bay WI for auto loans for their next vehicle. Contact the dealership today for more information.
Mercedes Mannino Broadway Auto Credit, (855) 395-2129, firstname.lastname@example.org
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SOURCE Broadway Auto Credit