Your credit score is a numerical rating that determines your creditworthiness. In other words, it lets lenders know how reliable you are as a borrower. Not only can a bad credit score lead to application denials, but it may also increase your interest rates in the long run. There are some basic steps you can take to increase your credit score.
According to myFICO, the first thing you should do is regularly check your credit score. You can get a free copy once every 12 months by going to annualcreditreport.com or you can sign up for a service through a company by paying for your score. It’s important to stay up-to-date so you can notice any inconsistencies on your report, an issue that happens more than you might think.
Next, pay your bills on time and sign up for autopay. Payment history is the largest factor in your score (about 35%), which means that if you miss payments it can have serious consequences. If you are having trouble paying bills, contact creditors and/or seek a credit counselor.
You should also keep balances low on “revolving credit” accounts, like credit cards, and don’t open too many accounts too rapidly. Many young creditors try to improve their score by opening more accounts, but this can backfire if you borrow too much at one time. If you do get new credit accounts, try to focus on positive types of credit like mortgages or student loans, as opposed to credit cards.
For more information about credit scores or financing, talk to our experts in the finance department at El Dorado Mazda. Our goal is to get you behind the wheel of your dream car and save you as much money as possible. Maintaining your credit scores is one of the best ways to do that.
Mazda has officially announced that it plans to add smartphone integration compatibility across the lineup, but hasn’t released an official date just yet. The Japanese automaker made the official announcement at the debut of the 2017 Mazda CX-5. Best of all, the new smartphone integration technologies won’t be limited to brand new models.
Apple CarPlay and Android Auto capabilities will come to the Mazda lineup in the near future. New vehicles won’t be the only models available with the technologies. Drivers will be able to upgrade retroactively with additional hardware. The catch: the vehicle must be equipped with Mazda Connect.
Mazda Connect, the brand’s infotainment system, launched in the 2017 Mazda3 and has made its way to each model through the lineup. Enthusiasts and experts expect something similar to occur with the release of Android Auto and Apple CarPlay.
The Japanese automaker has partnered with both smartphone integration systems since 2014, so new software arriving in Mazda vehicles has been a long time coming. While the brand doesn’t have an official timeline just yet, drivers can expect to see more details on the rollout plan in the near future.
We here at El Dorado Mazda are pumped to see such innovative technologies arriving throughout the lineup!
Mazda is bringing home more awards, including a recent accolade from the Consumer Guide 2017 Best Buys list. Four models were named top in their class, including the Mazda3, Mazda6, Mazda CX-3, and Mazda MX-5 Miata. If you’re looking for a truly award-winning ride, check out the latest from Mazda’s 2017 lineup.
According to Mazda, the Consumer Guide list is based on a range of attributes, especially value. In other words, the company is looking for the highest quality, affordability, and features. Mazda vehicles come with high scores in each of these categories, making them great buying options for virtually any driver. The Mazda3 took home the gold in the Compact Class, the Mazda6 in Midsize Car, the CX-3 in Subcompact Crossover, and the Miata in Sporty/Performance Class.
As stated by Consumer Guide Automotive, “a vehicle does not become a Best Buy solely on objective ratings. It also has to distinguish itself as being a good dollar value compared to others in the class.”
Mazda also recently won several other awards, including one from Wards for the turbocharged Skyactiv-G 2.5T engine and from Autoweek for the “Motorsports Constructor of the Year.” Nothing tops Mazda vehicles, and the 2017 model year is proving just how great this brand truly is.