As a leading resource for personal loans in Savannah, GA, Coastal Finance Company knows what a big role your credit score plays in your financing opportunities. While they strive to make cash loans available to clients with any credit history, having a better score will almost always mean securing a better interest rate.

If you need a small loan, taking steps to improve your credit beforehand can make the application go smoother and lead to better opportunities. As such, this Savannah loan company offers a few tips to help you repair your credit.

4 Tips to Repair Your Credit Score & Improve Loan Offers

1. Know Your History

If you’re being denied a personal loan due to your credit history, it’s important to know exactly what lenders are seeing. Many banks and credit card companies offer FICO credit score updates to their customers for free—so you may already have access to your history. If not, you can request a free credit history every year from a few different national credit reporting companies.

2. Dispute Credit Inaccuracies

You may find that there are things on your credit report that shouldn’t be there—such as debts you have paid off. While you’ll have to make calls to creditors and dig up financial records, setting these things straight can provide a big boost to your credit in a relatively short amount of time.

3. Use Credit Cards Wisely

Try working out ways to improve your budget, so you won’t have to spend extra by using credit cards. Also, avoid opening new accounts, as inquiries in your credit history from a creditor can lower your score.

4. Strategize Credit Card Payments

Delinquent payments can stay on your credit report for up to seven years, so do everything in your power to pay credit cards on time. Additionally, you’ll want to decrease the amount of debt you have as quickly as possible. To do this, increase credit card payments beyond the minimum required amount. If there are credit cards with higher interest rates, aim to pay those off first.

While taking these steps can improve your credit, it takes time to repair your score. If you find that you need an emergency cash loan, Coastal Finance Company can help. Their personal loan terms are designed to give you financial assistance without putting you in a tough spot in the future. Call a representative today at (912) 303-9979 to learn more about applying for a loan.