Your credit score can make a big impact on how much you get to save, and how much goes out the window. When it comes to purchasing a car, your score can make or break you. The higher your score, the lower the rates. For those of you looking to boost your credit, we’ve compiled a list of ways and advice on how to make that happen.

Steps to Improving Your Credit Score

  • Control the amount of credit lines open: The more lines you have open, the harder it is to keep track of payments. You are more likely to miss a payment or pay too much if you have too many lines open.

  • Shop for good rates: When you take out any loans, small or big, be sure to shop around for the best rates. When it comes to keeping payments affordable, make sure to put in time to find the lowest rates. It’ll pay off in the end.

  • strong>Leave the oldest credit line open: Your credit score is based on credit history. This means, the longer the history, the better. Leaving long lines of credit open, even if unused, can create a better basis for your credit.

  • Pay on time: It goes without saying that paying on time and up-to-date is a must. All credit lines should be paid up at all times.

  • Seek counseling: If you find yourself in over your head, seek credit counseling. You won’t damage your score by looking for help. There’s no harm in admitting a mistake. Counselors are professionals. They’ll be able to help you come up with a plan of action to improve your credit situation.
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