It’s important to get your finances in order when planning to buy a Jaguar car, and this includes your credit score. While a lower score may not mean that you won’t be able to qualify for a loan, it probably will result in a larger interest rate. Before starting the Jaguar finance process, these tips can help give your score a boost.
Read Your Credit Report
The first thing you should do is to take a close look at your credit report. One of the reasons why you may have a low score is because it contains errors. If you notice something that seems off, call somebody for an explanation.
Automate Your Payments
How often do you forget to make a payment on something or end up paying it late? This is killing your credit score. If you just can’t remember to do this, setting up auto-pay will ensure you never miss a payment again.
Pay Off Your Debt
The quickest way to raise your credit score is to get out of debt. If you have the means, consider paying off all of the money you owe. If you can’t do that, start with the smaller debt. Consolidating your debt into fewer payments can also be a great way to raise your credit score.
Can’t Wait to Buy a Car? Contact Jaguar Northfield
If you want to buy a car now, there are potential ways to get a favorable interest rate, such as by using a co-signer with a good credit score. Supplying a big down payment is another tactic that could help. If you have any questions about financing, feel free to get in touch with Jaguar Northfield today!
