Your credit score can really make or break you, especially when you’re trying to buy or lease a new car. There are many aspects that factor into your credit score. Here is a simple summary:
Payment History – Do you have any overdue payments? How overdue are they? How frequently has this happened?
Amounts Owed – In total, how much money do you owe? Does that number seem to go up, or down?
Length of Credit History – Are you new to credit? Perhaps you only have one or two relevant factors to your name? Or have you been working on your credit for many years?
New Credit – How frequently do you open new accounts, compared to how many accounts you have in total? Do you have a lot of credit inquiries? Are they recent?
Types of Credit Used – Credit cards? Mortgages? Loans?
All of these factors greatly impact your credit score, which is why you want to monitor each closely. For more help with any other questions, come visit us at Nissan of Clinton. Use our online tools to apply for credit through Nissan, get a Quick Quote from the dealership, and estimate what your monthly payments might be for a new or used car. Then stop by our dealership in Clinton, NC to learn more about how our financing department can help you get into the perfect vehicle!