Let's Talk CARS

Our car experts weigh in on financing, maintenance, and everything in between!


All Posts

Quick and Easy Tips to Raise Your Credit Score Fast

A bad credit score can be remedied

Has an underwhelming credit score or lack of credit history hindered you from buying a car in the past? Don’t worry, your credit score doesn’t have to keep you from buying the car you want any longer. We have several quick and easy solutions to help get you on track and into the car you’ve been searching for!

Key Factors

Your credit score allows lenders to assess the risk factor in lending you money. Your personal score is the result of many factors, including how many years you’ve had a credit history, your credit utilization rate (how high your balance is, relative to the credit limit on an account), your payment history (making sure you pay on time), and the types of credit on your report (think mortgages, credit cards, and student loans). The easiest way to gain actual credit if yours is nonexistent is to open a limited account and make the payments on time or in full before they are due.


Raise your credit score by:

  1. Only opening new accounts when absolutely necessary. Having multiple accounts and a wide range of debt is often a red flag to lenders.
  2. Paying off debt quickly. Even if you are making the minimum payment on time, sometimes having a high outstanding balance can negatively affect your credit score.
  3. Make payments on time. Delinquencies can lower your credit score very quickly if not resolved.
  4. Don’t move debt around. Instead of choosing to close unused accounts or switch lenders, it is better to just pay off the debt in full if you’re able. The credit utilization score is used to determine the amount of credit used versus the limit you’ve been given. Having a high limit but low balance can raise your score. This makes it a good idea to leave unused accounts open if you are able to refrain from overspending. 

Don’t let a below average credit score scare you away. Instead, be diligent, know your score, and be proactive about improvement. You can also work with a dealership like Collierville Auto Center, who has a track record of working to get clients into the cars they want!

Collierville Auto Car Experts
Collierville Auto Car Experts
At Collierille Auto, we are true car experts with decades of knowledge and experience. Let us guide you through the ins and outs of the car buying journey. Your ride is waiting, and we're here to help you find it!

Related Posts

The Best Bang for Your Buck: Negotiating for Your New Car!

Buying a new vehicle can, of course, be a daunting task. Your car is one of three major purchases you’ll make, coming in third to college choice and home buying. It can be intimidating, whether it is your first or your tenth purchase.

Your Check Engine Light is On — Don’t Panic!

It can be alarming when your check engine light pops on. But, there is no need to panic. There are numerous things that could be going on that require minor maintenance. If your light is steadily blinking it could be a major cause for concern with your engine, but a steady on light could mean less invasive repairs are needed.

Financing Done Differently

If you’ve ever purchased a car from a dealership, you probably spent a few hours in the finance office. Customers often spend anywhere from two to four hours on average in a finance office waiting to be approved for a loan. We were determined from the very beginning to do things differently! We want your car buying experience to be friendly and fast. That’s why we developed our process to become known as the home of the 1-Hour Car Buying Experience.