Better Late Than Never: 4 Effective Ways to Fix Your Credit Now

Is debt a bad thing?

If you are looking for credit improvement, you can develop your credit history in 3 to 6 months, quicker in some cases.

In the case your credit score was done some serious damage, the repair process could be up to 12 months.

One of the best ways to improve your credit is through an auto-loan which reports on your credit bureau on a monthly basis thereby improving your credit situation, something Canada Auto Experts specialize in.

Additionally, here are few tactics that improve your score:




  1. Performance Factors – Payment punctuality and credit use level accounts for 65% of one’s credit score. Punctuality in payment will massively improve your credit.
  2. Keep balances Low – It’s advisable that you spend not more than 70% of your limit to stay in good standing.
  3. Don’t apply for store credit cards – Store credit cards with appealing discount offers are sometimes not as good as advertised. Some of these cards have interest rates as high as 29% and are viewed negatively by the credit bureaus.
  4. Don’t close unused credit cards – If you have a low-interest card you rarely use, keep it open for periodical use. Having a zero-balance credit card bodes well for your credit.

If you are looking to improve your credit score through a low-interest auto loan or secured credit card contact Canada Auto Experts via phone at 1-855-550-5565.

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