This site was designed for the latest version of Chrome, Firefox, Safari, and Internet Explorer (version 10+). Some features may not work correctly in your browser.OK
3147 Park Avenue
Paducah, KY 42001
Paducah's Open & Honest Dealer
for more than 60 years.
What Determines Your Credit Score?
When looking into buying or leasing a car, you’ll want to know your credit score. But you also want to understand why you have the credit score you have, and what could be negatively or positively impacting it. Here are some things that determine your credit score.
How many payments you’ve made on time and how many you haven’t are the biggest factors of your credit score. Even one missed payment can drastically affect your credit score, especially if it’s good, so make sure to stay on top of payments.
Credit Card Utilization
Of your credit cards that are open, how much are you using of each? The less you use, the better it looks. Something else that can help this is paying off some of or all of your credit cards in full each month.
Length of Credit History
The longer you’ve had your accounts open, the better. The longer you’ve had accounts, the better credit bureaus can assess your credit history.
Number of Accounts
The more accounts you have, the more you’ve been approved for. This is why having more accounts actually betters your credit score.