Broadway Auto Credit Official Blog
Archive for the ‘Credit Score’ Category
Things You May Not Know Are Hurting Your Credit Score
Wednesday, January 9th, 2019
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…)
What Factors Make Up Your Credit Score?
Wednesday, February 28th, 2018
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…)
5 Ways You Can Improve Your Credit Score
Monday, October 16th, 2017
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…)
What Credit Score Do I Need to Buy a Car?
Thursday, October 12th, 2017
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…)
What Factors Make Up Your Credit Score?
Wednesday, September 27th, 2017
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…)
What do you need to know before getting an auto loan?
Wednesday, August 30th, 2017
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…)
Can student loans hurt your credit score?
Friday, July 21st, 2017
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…)
Factors That Affect Your Credit Score
Monday, July 10th, 2017
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…)
Why is it better to use a credit card than a debit card?
Friday, June 23rd, 2017
Credit Card vs Debit Card
While credit cards and debit cards may look the same on the outside, there are many differences between the two that could have a big impact on your bank account. Though there are some benefits to using your debit card in certain situations, today we’ll be covering the times it’s better to use your credit card over your debit card. (more…)
Reasons to Build Credit
Wednesday, May 31st, 2017
Importance of having a credit score
For those just starting out, the world of credit and financing can be confusing. There are many different claims about the importance of credit and the best ways to build it. If you have taken out a loan in the past, whether it was for school or a car, you will already have credit built. In order to maintain a good credit score, you have to make your monthly payment. It is likely that you will have to establish credit, but how you go about it can affect your ability to qualify for loans in the future. (more…)