| Building a good credit history is easier than | | | | One of the major disadvantages of making late |
| most people think. If you plan to purchase | | | | payments on a credit card is that your credit |
| major items like a house or a new car, or | | | | score will decrease. |
| start a small business, it is vital for you | | | | |
| to have a good credit history. | | | | This will be reflected on your credit |
| | | | history, and once there is a late payment |
| Here are some tips to maintain a good credit | | | | reflected on your record, you will be offered |
| score and have a good history: | | | | a higher interest rate when buying a new car. |
| | | | |
| 1. Make a list of the in's and out's of your | | | | Once you are offered a high interest rate, do |
| expenses. This is especially true when going | | | | not signanything yet. There is such a thing |
| on a major shopping spree. | | | | as a 'prime lending 'rate'. |
| | | | |
| After making a big dent on your credit card, | | | | This is the ideal maximum rate that you |
| take a look at your annual credit report and | | | | should be offered when making a loan or |
| check for any discrepancy. | | | | credit, or making major purchases using your |
| | | | credit card. Tell the car salesman about the |
| 2. Pay all your monthly bills promptly. It is | | | | interest rate that you would like to have |
| a good thing to apply for an automatic bill | | | | based on the prime rate. |
| payment for the bills that you really need to | | | | |
| pay, as well as your monthly credit card | | | | But still, if your credit rating is a lot |
| payments. | | | | lower than what they require, you will be |
| | | | offered a higher rate. |
| 3. Do not overcharge your credit cards. You | | | | |
| credit score might lower if you go over the | | | | If you cannot get a good deal from one car |
| limit on your account. When buying a car or | | | | salesman, do not be afraid to look for |
| if you car needs an overhaul or a major | | | | another. |
| repair, it would help a lot if you have a | | | | |
| good credit history. | | | | You wouldn't want to get anything less than |
| | | | your money's worth, so the hunt will be worth |
| First, the better your credit score is, the | | | | it. |
| lower interest rates you can get when buying | | | | |
| a new vehicle. | | | | There are a lot of options available when |
| | | | buying a car. You can either get a new car or |
| Second, for major car repairs, some shop | | | | a previously owned vehicle. |
| owners require you to have a non-debit credit | | | | |
| card, and of course, a good credit rating. | | | | For a new car, check if the final offer is |
| | | | anywhere near the suggested retail price for |
| However, there are cases wherein you need to | | | | the car you are getting. |
| accept aless-than-ideal deal when buying a | | | | |
| card if your creditscore is low, or if your | | | | For a used car, decide first on the make and |
| credit history is a mess. | | | | model of the car that you will get and check |
| | | | out the ongoing rates online. |
| 'Buying your Dream Car' | | | | |
| | | | With these tips in mind, you can be on your |
| Here's how you can get a car loan in spite of | | | | way to driving that dream car home in spite |
| bad credit: | | | | of a bad credit history. |
| | | | |