Category Archives: Credit Score

Salesman holding a car key

Should I Finance for a Used Car Through the Dealership?

Benefits of Financing Directly with Broadway Credit

Whether you have good or bad credit, finding the right car at the right price can be time-consuming and stressful. On top of selecting a car that fits your needs, you need a loan that is affordable to your budget. While many shoppers will choose to finance with a bank, there are many benefits to financing with a dealership directly like Broadway Credit.

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Close up of a person signing a loan with a calculator

What are the Benefits of Cosigning a Car with Someone?

Cosigning Pros and Cons

If you have bad credit, getting accepted for a loan can prove to be difficult. One way to improve your chances is to get a cosigner. What are the benefits of cosigning a car with someone? Are there any drawbacks? Cosigning isn’t for everyone, so let’s explore the pros and cons of cosigning a vehicle. Read the rest of this entry >>

Close up of a woman looking at her credit report

How Can My Payment History Impact My Credit Score?

Top Two Factors that Influence Credit Score

Having good credit is essential in the finance world. Those with good credit are more likely to be approved for loans and receive lower interest rates as these borrowers are deemed low risk. So, what things can impact a person’s credit score? There are many different factors that are taken into consideration. Read the rest of this entry >>

Close up of a woman holding cash and shaking hands with a salesman

How the Interest Rate and Length of a Car Loan Will Affect Payments

How to Pick the Right Auto Loan for Your Budget

Getting a car loan can be stressful, especially if you have bad credit. Not only that, but you are often given multiple payment plans with different interest rates and loan terms. How do you pick the right one? To better understand which loan you should accept, let’s see how the interest rate and length of a car loan will affect your monthly payments. Read the rest of this entry >>

woman in glasses looking at credit score

Things You May Not Know Are Hurting Your Credit Score

One of the most important aspects of a person’s financial health is their credit score. But have you noticed that your credit score isn’t as good as you think it should be? Well, there are other ways to lower your score than just missing payments or having a lot of debt. Here are some ways you may be accidentally hurting your credit score.  Read the rest of this entry >>

man at computer checking his credit score and he doesn't even have one

What Factors Make Up Your Credit Score?

How is your FICO Credit Score Calculated?

Credit scores are one of the many nuances that come along with adulthood. Whether you’re looking to buy a house, finance a vehicle, or get approved for any other type of loan, your credit score will end up playing a big part in the amount you can borrow as well as interest rates. While it’s easy to say that you should pay attention to your credit score, you might not be aware of the different factors that are calculated by your credit score. Here, we’ll go over the different elements that make up your credit score, according to FICO. Read the rest of this entry >>

What Credit Score Do I Need to Buy a Car?

When it comes to car buying, there are many factors to think about before you can finally take your new car home. There’s the process of figuring out what kind of car you want, which brand to go with, which model, which trim, and so on and so on. Once you have that figured out, there’s the matter of paying for it. Your credit score can greatly affect how much you pay for a new car, which is why it’s important to know what credit score you should have to buy a new or used car.  Read the rest of this entry >>