According to VantageScore, 30% of people who live in the US have bad credit. Figuring out your credit isn’t always easy and you need it for so many different things. Want to buy a house? Fix your credit. Need a car? Some places can help with that.
Just because you have bad credit, doesn’t mean you can’t get a car.
The Mr. Ed Department only works with the Nation’s top financial institutions to help you buy or even lease the right vehicle for you and your family. Our lenders offer a multitude of flexible payment options in order to best fit your budget and to make it easier to stay current on your payments. And speaking of payments, every time you make one, it gets reported to all three major credit reporting agencies. Rebuilding your credit couldn’t be any easier!
Here are some credit tips if you are dealing with poor credit:
- Continue making payments: Do your best to make more than the minimum payment on your credit cards and don’t use them. The lower the balances, the better your credit. If you can’t make more, at least make the minimum. Stopping payments will further hurt your credit.
- Ask for help: Feel like there isn’t any hope? Seek professional counseling with a consumer credit counselor. Make sure you check their reputation before signing on.
- Dispute all credit report errors: Don’t let them just sit, they can cause your credit score to drop and affect you in the long run.
You can make your credit work for you and get back to where you need to. Go for it and be patient.