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5 Different Ways to Raise Your Credit Score

Credit ScoreIf you are like many other Floridians, you may have a credit score that isn’t at a level where it should be. Many things can cause a credit score to fall including late payments, unemployment, medical bills, too many inquiries, and bankruptcies. All of these things together can cause your credit score to slip and once it falls, it can be difficult to bring back up again. However, there are some things you can do to raise that credit score, for good.

1. Know Your Score

The first thing you must do, before doing anything else, is to know your score. You can find out your FICO score, what most people call their credit score, by contacting one of the three major credit bureaus. These are free and the bureaus are Experian, TransUnion and Equifax.

2. Pay Your Bills Each and Every Time…On Time

One of the best ways to raise your credit score is to make sure you are paying your bills on time, every time they are due. The more you do this, the higher your score will go as creditors will report back to the credit bureaus with this good performance and it will help your score go up.

3. Use Your Best Cards…Forget the Rest

Most people have several credit cards and with these cards, there will be varying interest rates. You will want to actively use the cards that have the lowest rates and pay off the others.  However, don’t close them as the more open and free credit you have, the better off you will be.

4. Don’t Take it to the Limit

You also don’t want to push your cards to the limit. Instead, it is advisable to use that credit you need, but to keep at least 25% of your credit open. By keeping this credit free, your score will rise up quickly.

5. Consider a Loan

Finally, you may want to consider taking a short term loan out, like a car title loan. Because these loans can be relatively short term and the lenders will report to credit bureaus each month, it is a great way to raise your score. Contact Embassy Loans for more information on this.

A good credit score is around 720 and above, so if you are falling lower than that, try some of the suggestions above.



Embassy Loans is a leading provider of auto title loans since 2005

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Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

Monthly Interest Rates range from 1.5% to 2.5% (18% to 30% APR), with 15-18 Month Terms.

No Prepayment Penalties!

Embassy Loans uses “Title Loans” for advertisement purposes only and provides auto equity loans. Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” under Florida Statute 516 and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

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Frequently Asked Questions

What is an Auto Equity Loan?

An auto equity loan, sometimes known as a car title loan or a car equity loan, is a type of loan that allows you to borrow money by using your vehicle as collateral. The loan is secured by your vehicle, meaning you agree to use the equity in your car to back the loan. 

What is an Unsecured Personal Loan

An unsecured personal loan is a loan that does not require collateral. Funds are provided based on your credit worthiness and your ability to repay. 

What Is the Credit Builder Program

The credit builder program is designed to help individuals establish or improve their credit score with the primary purpose of building a positive credit history through regular payments.

Can i have more than one Loan at a time?

Embassy Loans can only extend one loan at a time and it’s advisable to start with one and focus on making payments in a timely manner to prevent default.

What happens if I miss a payment?

Missing a payment can have negative consequences, including late fees, a drop in your credit score, and potential default on the loan. Consistent, on-time payments are crucial to benefit from the program.