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This isnt great news if youre in the market for a new car.
However, there is one way that you cansave bigon your next vehicle.
Hereswhat you’re gonna wanna know.
The credit agency Experian gave an example of how this works.
There are different ways that you could boost your credit score, some taking longer than others.
This measures how much of your available credit youre using.
Keep in mind that a credit increase will likely mean youll get a hard or soft credit inquiry.
Make Consistent Monthly Payments
Trust is a very important factor when taking out a loan.
Because of this, your payment history accounts for 35% of your credit score.
Fix Errors on Your Credit Report
Just because your credit report says something doesnt mean its correct.
Mistakes happen, and if you dont dispute these errors, lenders will penalize you for them.
First of all, its important to regularly check your credit report to familiarize yourself with whats on it.
Be sure to include documents to support your case.
Focusing on your credit score can help you get better financing with lower interest.
Even if tariffs drive up auto prices, youll still be able to save thousands with this approach.
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