When you have bad credit, obtaining further finance options when you need them most can be a little more difficult – especially for something as expensive as a new car. That being said, there is a solution available to you here at Infinity Finance. Our successful applicants can go ahead and find their next vehicle with bad credit, car dealer liaison can be left to us.
While financing deals can be made for those with poor credit scores, improving yours could be a lot easier than you might think with a little common sense and forward thinking.
Here are some of the easiest and simplest ways you can work on improving bad credit that will ensure your credit future looks rosier.
Bad credit car dealers let you buy cars in conjunction with financiers like us, who offer you credit based on your circumstances. Applications can be made over the phone and online, and we will determine a credit limit suitable for your budget should your application be successful.
Taking out a loan to buy a new car will help improve your credit score overall, so be sure to keep to your repayment schedule!
Set Up Reminders for Payments
Many people have no trouble remembering dates and amounts for bills that need paying, but everyday life can sometimes get in the way. Before you know it, you’ve missed an important payment and put your loan – and credit score – at risk.
Avoid this disaster by setting up payment reminders or scheduling payments as direct debits to come straight out of your account at the right time.
It is always useful to make a monthly budget to know when bills are due to come out of your account and keep track of your spending to ensure you are never left short.
Check Your Report
Many people aren’t aware that their credit score could be lower than it should be, which would explain why applications for loans have been rejected previously. As each loan application and rejection can add negative weight to your score, it is important to be aware and check your report on a regular basis.
With the details to hand, you will be able to better manage your money and credit score simultaneously.
Get More than One Credit Outlet
When seeking to improve your credit score, it is a good idea to seek credit from more than one lender. This creates an extensive record that proves you are responsible with your money and have a history of paying your debts.
Remember to never take on more credit than you can afford to repay!
For those looking for a bad credit car dealer, we can help. Please contact our team today on 0161 292 8200.