Tag Archives: credit score

Good Credit Habits

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We talk so much about what to do when you have bad credit, we don’t spend any time on what to do once you’ve achieved good credit.  You’ve fought your way back, your credit rating is on the up.  What do you do to either maintain it?  Here is some behaviors to keep in mind to keep that credit rating good.

  • Know Your Credit Score:

Yes, even with good credit, this is still important.  Don’t risk sliding back into bad behaviors, you can keep yourself in good standing by making certain that your credit report remains clear and good of any false reporting.  Errors happen, and you should get on top of it asap so it doesn’t have a negative impact.

  • Keep the Credit Card Companies Happy:

This is a two-parter.  First up, a method of doing this is by sticking to a ratio of 30 percent of your credit allotment.  Every month, make it a habit of only using your credit card(s) till the 30 percent mark and then back off.  People who consistently go over this part tend to get the credit card companies nervous.

Second, make sure that you use your credit card.  This may seem like talking out of both sides of the mouth, but the key word in this is to use the credit card and maintain it without going over 30 percent.  Being consistent with that ratio and paying it off every month will keep the credit card companies happy.

If you need help with purchasing a new or used vehicle, be sure to contact us at Bayside Chrysler Jeep Dodge. If you need further assistance in finding financing for a new vehicle on bad credit, contact our financing department.  We love to say yes, you’re approved!   Be sure to like Bayside on Facebook, following on Twitter, or subscribing on YouTube.

Auto Insurance Advice

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One of the most important things to keep in mind when buying a new car is the auto insurance.  It is something that tends to get pushed to the side while thinking of the bigger picture of buying the car.  Here is some important things that you should know about car insurance.

The first is that your credit has an impact on your rates.  Credit score is always important, it is one of the biggest factors any buyer should be aware of before they go to purchase a vehicle.  In regards to insurance, your credit is used to assess risk in things such as likeliness to file claims.  It’s impossible to really know beforehand what will and will not be used from your credit score to cause a change in the rate.  For that reason, it is important to have your credit score cleaned up and be the best reflection of your current status.

Be careful if you switch auto insurance companies.  If you only place a stop payment in order to get the policy canceled, you’re likely to have the insurance company report you for non-payment to the credit bureaus.  If this happens, it may cause your rate to go up when it impacts your credit score.  Talk to your insurance company, make sure all the paperwork for cancelling is properly filled out and that you have your new policy ready to start as soon as the old one ends.

Lastly, paying your auto insurance premium in full can help to save money in the long run.  Like with down payments on cars, the more you can pay up front, the better it will be for you in the future.  By doing this, you can avoid the potential to miss or be late with a payment, but you can also not worry about additional expenses that come with breaking up payments over a series of months and years.  Just be sure you can afford it.  If you can, it is certainly worth budgeting for.
If you need help with purchasing a new or used vehicle, be sure to contact us at Bayside Chrysler Jeep Dodge. If you need further assistance in finding financing for a new vehicle on bad credit, contact our financing department.  We love to say yes, you’re approved!   Be sure to like Bayside on Facebook, following on Twitter, or subscribing on YouTube.

What Should You Know Before Going Into a Dealership?

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Car buying is incredibly intimidating.  There is a lot of unknown factors at play about what one should or shouldn’t know or have done before setting foot inside of a dealership.  Here is some advice that we have on what someone should do before they come into purchase a vehicle.

  • Know your credit score:

It is important to know what that number is, because that number is the determinate of many things.  You need to know if that score is low or not, don’t just guess about it.  This is also a good time to go through that credit report to find out if there is any misreporting that you can take action in correcting.  By getting this information removed, you may be able to get your credit score up at a vital moment before buying.

  • Have a Down Payment Ready:

Being able to put money down is going to benefit you.  If you have the money to put down, it increases your chances of approval and may get you a better interest rate.

  • Know your options:

Research the dealership and know the price range of the vehicle type you are looking for.  Many, like Bayside Chrysler Jeep Dodge, have websites that let you browse their new and used selection.  As long as you have an idea of what kind of vehicle you need, you can see the price range of options.  Bear in mind that while you might have the perfect vehicle picked out online, it may be different once you see it and take it for a test drive.  Have an idea of what you want, but be ready to change it.

At Bayside Chrysler Jeep Dodge, we want to help you make your dream of owning a great car a reality, and we will work with you to find the right car to fit your needs. You can get pre-approval, check out our monthly specials, and shop our online inventory by make, model, and year. Click here to visit our website today, or stop by and visit us in person at 21219 Northern Blvd in Bayside, NY. You can also get our latest deals and news by following Bayside on Twitter and Facebook and subscribing to our YouTube channel!