Archive for the ‘Credit Score’ Category
Are you looking to get a new car but worried about your credit score and credit history? Wondering if it could hold you back from getting the car you want? Don’t worry, we’ve got the answers for how your credit score can affect your ability to get a car loan from Broadway Auto Credit! (more…)
Checking and managing your credit score can be a confusing thing. There are lots of factors that go into your credit score, which means that there are a lot of ways that you could be lowering it without even knowing. Does checking my credit score lower it? (more…)
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. (more…)
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. (more…)
People are always looking to improve their credit scores. It’s very important and raising it by just a few points can work wonders for you financially. For many though, they don’t know where to start or where to focus. That’s why we’ve made this list of five ways you can improve your credit score. (more…)
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. (more…)
Factors Considered in a Credit Score
There’s more than you might think in your credit score. With a lot of factors coming together to give you a number, it can be difficult to know what exactly yours is made up of. Here’s a great video that uses cupcakes to break down the different aspects of your credit score and how to manage them responsibly. (more…)
Auto Loan FAQs and Tips
Trying to figure out the ins and outs of auto loans can be confusing. That’s why we here at Broadway Auto Credit strive to make the process as simple and transparent as possible. We’ll work with you each step of the way to ensure that you have the auto loan that’s right for you. Here we’ll go over a few of our frequently asked questions about auto loans to help you get started. (more…)
How do student loans affect credit?
For many people just out of college, student loans are a gigantic weight around their neck. 44.2 million Americans have student loan debt to pay back, and overall they owe $1.44 trillion. These huge numbers show that student loans are just a part of getting a degree for most of America. Your student loans affect many aspects of your life, like your credit score. (more…)
Your credit score is a number ranging usually from around 500 to 900 which indicates to lenders what kind of history you have with credit. A low credit score can make it harder to buy a car, take out a mortgage, or get approved for a credit card. There are several factors that affect your credit score. If you have ever wondered “What is your credit score based on?” Then this is the post for you. (more…)