How to fix your credit and car buying ability in Jacksonville, FL
Looking to get a new or used Nissan in the Jacksonville area but keep turned down after your credit app and don't know what to do or how to fix it? Well Nissan at the Avenues is here to help with information that will boost your credit repair and buying experience.
The Reality of Your Credit Situation
Sadly, whether you take all the steps necessary to rebuild your credit yourself or you enlist the services of a credit-repair agency, securing a car loan from a mainstream lender -- such as a bank, credit union or the lending division of an automaker -- may be months or years away. Neither you nor even the "most effective credit-repair company" can fix things overnight. If buying a car can wait, here are some steps to take to rebuild your credit and elevate your credit score:
Order Your Credit Reports
Three agencies collect and report consumer credit information nationally: Experian, TransUnion and Equifax. Each is required to provide you with a free copy of your credit report every 12 months if you request it. Because these agencies don't share their information with one another, you should have one from each agency.
Fix What You Can
Read through your reports very carefully and look for duplicate and wrong information. These bureaus only report the information that creditors provide. Sometimes it's incorrect, outdated or duplicated. Each credit bureau has a procedure for disputing incorrect information. They, as well as the creditor reporting it, are responsible for correcting it. Also, address any other negatives you can, such as paying off balances turned over for collection or catching up on past-due payments.
Open New Accounts
Reestablishing your credit requires opening new accounts and making timely payments. Gasoline companies and major department stores are historically more receptive to issuing credit lines to credit-challenged consumers. There are also banks that will help jump-start your credit with a charge card secured against a balance you have on deposit with them.
If you follow these tips you can be that much closer to fixing your credit enough to finance a car . Although it will take some time, it will be worth it. Do it yourself, and you'll save some money.