Credit can be confusing, at VIDrives it is our goal to help our customers to empower our customers with information and the tools to improve their credit- while driving an amazing vehicle.

Here are some quick tips to help you increase your credit score on your own!

𝗚𝗲𝘁 𝗮 𝗽𝗿𝗼𝗱𝘂𝗰𝘁 𝗼𝗳 𝗰𝗿𝗲𝗱𝗶𝘁

The only way to build up a credit score is to prove to lenders that you’re responsible and capable of paying back credit is to make sure you’re actively using a product of credit. This can be a credit card, line of credit, car payment, or a secured credit builder loan to name a few.

Keep your credit utilization around 30%

Being mindful about the amount of your credit utilized is the fastest way to improve your credit-

Your Credit Utilization Ratio makes up 30% of your Credit Score. Credit utilization ratio is the percent of your revolving credit that you have used on your credit card or line of credit. A maxed-out credit card would have credit utilization of 100%.