How to Read Your Credit Report
At Tabangi Motors, we want to make financing your next pre-owned vehicle in Mississauga as simple and painless as possible. Interpreting your credit report is easy with our simple guide.
What’s in My Credit Report?
Your credit report is a summary of how you’ve used credit in the past. Your credit history includes details about:
- Your past and present employment
- How long you’ve been using credit
- How you use your credit cards
- The balance of any loans in your name
- Whether you make your payments on time
Information about your credit history is collected by two primary credit bureaus: Equifax and TransUnion. They record information from your creditors and use it to put together an overview of your background as a borrower. Your credit score gains points when you use your credit responsibly.
What Does My Credit Report Mean?
Your credit score can range anywhere from 300 to 900 points. The typical range of credit scores is as follows:
- 760 and above: excellent
- 725 to 759: very good
- 660 to 724: good credit score
Even if your credit score isn’t as strong as you’d like it to be, you can still find financing with Tabangi Motors. We understand that everyone’s financial situation is different. Financing a car loan can even be a great way to build credit. Our finance department is here to help you find a financing plan that works for your background and budget.
Finance a Used Car With Used Car Dealerships Near Me
Now that you can interpret your credit report with confidence and apply for financing with our used car dealership in Mississauga. Our finance team is committed to helping you plan your next purchase, which is why we offer a convenient payment calculator. You can also use our Instant Trade-In Appraisal to find out how much trading in your existing vehicle could save you on the purchase of your next used car.
Shop Pre-Owned Vehicles for Sale in Mississauga, Ontario
With a huge inventory of pre-owned cars for sale and the most reliable cars in the Mississauga area, Tabangi Motors is the clear winner if you’re looking for a used car in the Mississauga area. With used cars under $30000, and even deals on pre-owned vehicles under $10000, we’ve got something for every budget. Stop by our dedicated used car dealership in Mississauga, Ontario, to browse our showroom yourself. Or contact us with questions!