5 Ways to improve your credit

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!

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The only way to build up a credit score is to prove to lenders that youโ€™re responsible and capable of paying back credit is to make sure youโ€™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%.