Houston Credit Repair expert Vanessa Perry speaks with Trent Cannon all about credit and car buying tips below.
Cars and Credit
The car market right now is insane! To be able to get a good rate on a car you must have your credit in order. With the chip shortage cars are at an all time peak, even used cars! Make sure to be prepared before shopping for your next vehicle.
10 Things to Before Buying a Car
1. Pay your bills on time
Make sure you have your bills paid on time in order to have a strong credit score.
2. No big purchases before buying a car
Do not buy a house, new furniture, or open new credit cards around this time.
3. Credit Karma or online credit checks are not accurate
Third-party site are and never will be accurate. They can be anywhere from 20-200 points off.
4. Do not co-sign for anyone
You are responsible for the payment if you co-sign.
5. Establish a relationship with a credit union
Credit Unions have low rates.
6. Try to pay down your current car
The less negative equity the lower the payment.
7. No 30 Days Late
A 30 day late can be negative 40-45 points against your credit score.
8. Do not pull your credit all over before getting your car
Inquiries are negative 2 points EACH.
9. Have your deal ready for when you decide to buy
Do not waste your time or the dealerships. Know what you want.
10. LISTEN TO THE CREDIT PROFESSIONAL ON YOUR CREDIT
Houston Credit Repair
If you are in need of credit assistance please remember to reach out to a credit professional such as Impeccable Credit Services. We are not going to oversell you something you do not need. As well as we provide with temporary solutions that may be able to assist you while you are in the middle of getting your credit in shape. Our solution is not a quick fix but will be long lasting as long as you maintain your credit with the guidance we provide. If you have any questions regarding your credit please feel free to give us a call. If you have any questions about cars feel free to contact Trent Cannon.