Tips For Car Buyers Looking To Improve Their Credit

  • Review your credit report closely.  Contact the credit reporting agencies to have incorrect information removed.
  • Buy a car or house.  New loans reporting current payments are the fastest way to increase your credit score.
  • Pay down your credit card balances.  Keep balances at 40% of limit or less.
  • Don't close unused cards. Make occasional purchases to keep the lender reporting you making on-time payments.
  • Get a secured card.  The best way to improve your credit is with new loans.  New loans way heavier on your score so on-time payments will make big difference.
  • Get a store or gas card.  These cards allow you to use dollars that you are currently spending but get points for managing credit properly.
  • Manage your trade lines.  Every loan creates a trade line. To improve your credit you must have at least 5 trade lines.
  • Always pay your bills on time. Late payments take you backward so make sure you manage your budget properly each month.
  • Deal with collections, charge-offs, and liens.  It's always better to deal with a negative situation before it affects your credit. If not make payment arrangements but ask that the lender report your payments are current.
  • Plan your purchases.  Don't borrow from multiple lenders at the same time.  Opening a lot of new accounts all at once will lower your score.     

Call our loan specialist to schedule an interview to review your current situation.

Contact Info

Basic Auto Sales of Ashland

11371 Washington Highway
Directions Ashland, VA 23005

  • Sales: 888-460-6916


Basic Auto Sales of Richmond

4905 West Broad Street
Directions Richmond, VA 23230

  • Sales: 888-379-4598


  • Monday 9:00AM - 6:30PM
  • Tuesday 9:00AM - 6:30PM
  • Wednesday 9:00AM - 6:30PM
  • Thursday 9:00AM - 6:30PM
  • Friday 9:00AM - 7:30PM
  • Saturday 9:00AM - 5:00PM
  • Sunday Closed