One of the things that you’ll need to be aware of if you’re suffering from credit and looking to get yourself a car loan is your credit score.  It’s an incredibly important number that will be determining many aspects in your life, an auto loan being chief among those.  Experian has listed the 5 reasons why it’s so important to know this seemingly magic number.

First reason is that it is free.  Learn how to get a free credit report at least once every 12 months.

The next reason is that it’s important in rebuilding and maintaining good credit.  Knowing the number also means knowing what is on your report.  Nitpick it, scour it for any inconsistency.  You’ll want to make sure that everything listed is correct so that nothing is impacting your score in a negative way.

It’s important to know so you can manage personal finances.  In a way, it’s no different than a bank statement or a credit card bill.  You can keep track of where your credit is being spent at.  Know where your spending is going so you can construct a reasonable savings plan around what you find.

You can see if your identity has been stolen.  It’s a widespread crime these days.  Seems a day can’t go by without such a news story being mentioned somewhere.  Protect yourself and by knowing that score and reading your report, you can spy any fraudulent charges being made.  Make sure to stay ahead of any misuses.

Lastly, it’s the first step in correcting any information you see as inaccurate.  Like I mentioned earlier, identifying any misreporting so you can request the information to be removed is how you can improve your credit.  Find out how to submit a dispute and watch how it can really make a positive change on your report.

So much in life is governed by that number.  That’s why I cannot stress enough the importance of making sure you are aware of what is on your report.  When you apply to get a car loan, it can make all the difference.

Stop by Bayside Chrysler Jeep Dodge where we love to say yes.  We are looking to help place you in the car you need.  Contact us and see how we can work with you today.  Like us on Facebook and follow us on Twitter to see all the specials and offerings we have at the dealership.