How to Check Your Credit

Credit Check with Riverhead Hyundai

As you begin the search for your next vehicle, empower yourself by getting an early start on the financing process. One useful hint in better preparing yourself is to know your credit score.

Where to find your credit score?

There are three credit reporting agencies, Experian, TransUnion, and Equifax. You can get a free report once a year from each agency at AnnualCreditReport.com . You are also legally entitled to a report if you've been denied credit in the last 60 days.

Before attempting to obtain financing for a vehicle, request a report from each agency and compare them for inconsistencies.

What does a credit score mean?

A credit score is supposed to tell a potential creditor how likely or unlikely you are to default on a loan. The score can range from 300 to 850. It's determined by a number of factors, such as length of credit history, payment history, amounts owed, account queries, and how many types of credit are in use.

How do I improve my credit score?

Pay your bills in a timely fashion. For revolving credit accounts, such as credit cards, keep your balance low. Simply put, pay off your debts. Find other tips here .