Are you looking to finance a new Nissan vehicle? Are you trying to figure out ways to increase your credit score? With the help of our team at Georgesville Nissan, you can augment your credit score by following some of their tried-and-true credit repair methods!

Before you hit the roads of Columbus, Grove City, and Lincoln Village, OH, in your newly financed vehicle, keep reading below to learn the necessary steps of credit repair.


#1: Pay Your Bills on Time

Paying your bills on a date later than intended can lower your credit score. In order to improve your credit score, we recommend paying your bills on time.

You can transition to this method at your own pace, but be mindful that some providers may report a late payment and others will not. You can check the accounts section of your credit report to see which accounts are listed. This will help you be more meticulous in choosing which bills can be paid late without serious penalty.


#2: Pay Off Outstanding Balances

Another way to repair your credit is to wipe the slate clean. In other words, pay off any pre-existing debts when possible. While paying off these charges may take some time, doing so little by little can help you increase your credit score.


#3: Review Your Credit Report and Dispute Any Errors

Keeping an eye on your credit report is a great way to gauge your credit score and see what factors make up this score. In general, these items will make up your credit score:

  • Bill paying history
  • Current unpaid debt
  • The number of loans you have
  • How much credit you are using
  • How long your loan accounts have been open

In some instances, you may notice there are inaccuracies on your credit report. If this is the case, you can report these errors to your credit bureau or online with other services. If your dispute is approved, this can raise your credit score.


#4: Increase Your Credit Limits

When you want to repair your credit, you'll want to look at how often you're using credit. If you often go over your credit limit, this can hurt your score. One way to reduce this impact is by raising your credit limit.

Let's say for instance, you owe $2,500 on a card that has a $5,000 limit. If you ask to increase your limit to $7,500, this will instantly increase your score. However, it's crucial that you keep the ratio between used credit and unused credit the same. Try to avoid getting close to your new limit as this will increase debt.


#5: Dispute Any Late-Payment Entries

Your payment history is a big factor in your credit score. If you've noticed that one of your bills is marked late even though you paid it before or on its due date, you can dispute this. It may be an error on the credit card provider's part.


Learn More About Credit Repair

When it comes to financing a new or used vehicle, your credit score plays a large factor in the auto loan you can receive. To learn more about how you can repair your credit, talk with one of our financial advisors at Georgesville Nissan near Columbus, Grove City, and Lincoln Village, Ohio, today.


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Contact

Georgesville Nissan

1260 Auto Mall Dr
Directions Columbus, OH 43228

  • Sales: 614-369-4444
  • Service: 614-369-4433
  • Parts: 614-369-4433

Hours

  • Monday 9:00 am - 8:00 pm
  • Tuesday 9:00 am - 8:00 pm
  • Wednesday 9:00 am - 8:00 pm
  • Thursday 9:00 am - 8:00 pm
  • Friday 9:00 am - 6:00 pm
  • Saturday 9:00 am - 6:00 pm
  • Sunday Closed