Hyundai Finance Tips: How to Raise Your Credit Score

If your credit is less-than-ideal, don’t get discouraged just yet. There are some relatively easy ways to raise your credit score. The Hyundai finance experts at Lester Glenn Hyundai of Toms River are sharing a few tips to help you get started.

Increase Your Credit Line

If you’re maxing out your credit cards, that can certainly harm your score. So, by increasing your available credit, you can lower your utilization, and raise your score. Just make sure that you don’t use that extra room and start adding to your debt – you want to try to keep your credit utilization under 30%.

Add Yourself as an Authorized User

By adding yourself as an authorized user on someone else’s credit card, that can also increase your available credit. As long as they’re making regular on-time payments, it will help your score. You just need to be certain it’s someone that will impact your score positively.

Dispute Discrepancies

While this isn’t the case for everyone, many people realize their credit score is suffering due to mistakes that aren’t even theirs. Whether you have someone else’s debt on your report, negative marks that shouldn’t be there, or accounts that should be settled, those can be disputed directly.

Ask for Late Payment Forgiveness

Late payments can also seriously hurt your score. Some lenders are willing to work with you if you’ve gotten your account back in good standing. Reach out to see if they’d consider removing the late payment from your report.

Apply for Hyundai Financing in Toms River, NJ

Even if your credit score isn’t where you’d like it to be, that doesn’t mean a loan is out of the question. We work with buyers with bad credit or even no credit at all at Lester Glenn Hyundai of Toms River. Stop in to discuss your options with our team today!

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