Your credit score is essential in shaping your Subaru finance options, and Jenkins Subaru of Ocala is ready to assist. Whether you're preparing to finance a new Subaru vehicle or looking for ways to improve your financial standing, small changes can lead to significant results. Here are some tips to help you raise your credit score and get you closer to your dream vehicle.
Review Your Credit Report
The first step to improving your credit score is to check your credit report for errors or inaccuracies. This step is often overlooked, but even small mistakes can affect your score. If you find errors, dispute them with the reporting agencies to get your report back in shape.
Pay Down Credit Card Balances
Your credit utilization ratio is a big factor in your credit score. Aim to keep your credit balances below 30% of your credit limit to show lenders that you manage debt responsibly.
Make Payments On Time
Your payment history is the most significant factor in your credit score. Make sure all bills—especially credit cards and loans—are paid on time. Setting up automatic payments can help you stay on track.
Avoid Opening New Accounts
Applying for multiple credit cards might be tempting, but doing so can temporarily lower your score. Focus on maintaining existing accounts and using them responsibly.
Work with Subaru Finance Experts in Ocala, FL
At Jenkins Subaru of Ocala, our finance team is here to guide you through every step of the financing process. We offer personalized advice and competitive financing options tailored to your needs. Whether you're looking for tips on financing or exploring our inventory of new and pre-owned Subaru models, we’re here to help!
