Not your typical car dealer


Credit Maintenance & Repair


In an ideal world, we would be able to make all of our monthly payment obligations without difficulty. For many, life's challenges can cause a cash crunch to arise when only one of two bills can be paid. In the long run, your credit is what suffers. From a late payment to collections issues, repossessions to foreclosure and bankruptcy, all these negatively impact an individuals credit increasing the interest rate and cost to borrow money. But not to worry, there is always the opportunity make improvements.

Maintenance is rather simple; pay all your obligations on time, every time, in full. If you must pay a bill late at least reach out and let the creditor know, and always pay the mortgage first. Another way is to not exceed using more than 30% of your available credit limit. Having a high credit card balance will keep credit down or kill it quickly so try and pay it down to 30% or less. Keeping your debt to a limit and having the least amount of installment payments due monthly will help to reduce the risk of being late. Finally do not close accounts that are in good standing as this contributes to the longevity of your credit profile even if you don't use them.

One way to repair one's credit is to hire a “credit doctor” who can usually make significant improvements to a clients FICO within just a couple of months. (There is one in Las Cruces that I know of and I will be happy to provide his contact information if you come down to the dealership.) While this can be accomplished by anyone on their own behalf, it is rather daunting taking on one of the only three credit bureaus. If an individual has time to craft correspondence they can start at the U.S. Federal Trade Commission website. Just remember; the higher your credit score, the lower your interest rates are and vice versa.

~Matthew Elgersma

Integrity Auto LC
575-524-6959
901 South Valley Drive
Las Cruces, NM 88005

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