How Does My Credit Score Affect My Loan?

Beginning the process of financing your next set of wheels is an exciting time. The Tunkhannock Auto Mart team wants to assist our Tunkhannock, Dallas, Harveys Lake, and Kingston, PA, neighbors in any way we can. Accordingly, we have put together the following information to help you navigate this process and make it as smooth as possible. Continue reading!

How Does My Credit Score Affect My Loan?

If you have a higher credit score, your interest rate will be lower. Similarly, the lower your score is, the higher the interest rate will be. It’s a good idea to make sure your credit score is as high as possible prior to starting the car-buying process.

Tips to Help Improve Your Credit Score

There are a few things you can do to help boost your credit score. One of these is to always make sure to pay your bills on time. Seeing to this proves that you’re responsible with your finances. Something else you can do is to keep any credit cards open that you don’t use anymore to add to your credit history and increase your available credit. Finally, do your best to pay off any debt that you might have as well as keep your credit card balance low to make it clear that you can manage your credit.

We Offer Hands-On Support in the Finance Department

As soon as you set foot inside our finance offices, you will be greeted by a friendly group of experts. One of these knowledgeable specialists will sit down with you and discuss the specific parameters of your financial situation. They will listen closely to your priorities and preferences and make sure the options that they offer you fit in with each of these. Because they’re dedicated to making sure you’re able to choose the best possible payment plan option for your budget, they will also provide you with detailed answers to all your questions.

Use Our Online Resources

Online finance application This sort of support begins before your arrival when you take advantage of the aides that we have placed at your disposal online. First, there’s the Finance Application. Filling out this secure form gives you a valuable head start on the entire process by letting you get the ball rolling when it comes to being pre-approved for a loan. There’s also the Payment Calculator that makes it easier for you to narrow down your options according to the monthly payment that you prefer.

We Want to Be a Part of Your Car-Buying Experience

Now that you know more about how your credit score can affect your loan as well as the other items we have discussed above, you’re ready to get this exciting process underway. You’re welcome to give us a try here at Tunkhannock Auto Mart to find out if we make a good fit. If you’re near Kingston, Tunkhannock, Dallas, and Harveys Lake, Pennsylvania, contact a member of the team today to schedule a good day and time to stop by and take some test drives. We look forward to hearing from you!