Joby Schraier would be the person to talk to if you are wondering how you can build and maintain a good credit score. He is the finance director for an automotive dealership that is located just outside of St. Louis, Missouri, and he has been in the automotive finance industry for right around twenty years. If you come to him looking for a motor vehicle loan, your credit report is going to dictate everything. There are very low interest rates that are offered to people with great credit, and those with less than perfect credit will pay more. Someone with barely acceptable credit may be able to get a loan, but the interest rate will be high.

There are a few things that you can do to build a good credit score. Limiting your level of credit usage is one of them. If you have credit cards with zero balances or very small balances, you are building a good credit profile. This is one of the reasons why you should never make the bare minimum payments if you do have balances. Another thing that finance managers like Joby Schraier sometimes explain to clients is the fact that the amount of credit that is available to you is taken into consideration. If you have a credit card that you never use, and you close the account, it can seem like a responsible act. However, this course of action can negatively impact your credit score, because you will have less credit available to you.

The last tip is something that can be hard for some people to heed because there are so many temptations being dangled before our eyes at all times. If you have good credit, you will constantly be inundated with pre-approved or pre-selected credit card offers. In many cases, the rewards can be quite attractive. For example, you may get zero percent interest for a year with no annual fee for the card. Plus, companies often offer discounts if you open lines of credit with them. Other companies offer discounts if you get one of their branded bank-issued cards. These are all offers that are going to save you money, and you have nothing to lose, right? In fact, you do have something to lose. Any time that you apply for a new line of credit, the company will run a credit check. Each time this takes place, your credit score is reduced.

If do everything possible to build an outstanding credit score, when you go to a finance manager like Joby Schraier to get a car loan, you will be a highly qualified buyer who will be eligible for low interest loans.

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