Q: I want to get a Houston Mississippi BMW but I want to know what they look at in your credit.

A: Ummm…well, there are a lot of things. You should get a copy of your credit report before you go to the Houston Mississippi BMW dealer and see what’s on there, and also make sure that everything on it is accurate. Sometimes there are mistakes on your credit report and that can really mess you up. You can get one free copy each year from each of the three credit reporting agencies.

• Reliability.

Do you pay everything on time? It doesn’t even matter if you mostly pay everything on time, because it will raise a lot of red flags to your Houston Mississippi BMW dealer if you have even so much as a single payment that is three months late or more on your credit history.

• Total debt.

Even if you have enough money to pay it off or are working on paying it off, the total amount of debt that you owe will look bad to the Houston Mississippi BMW dealer if it’s very high.

• Length.

How long have you been building your credit? If you’re just out of high school then you probably don’t have enough yet to get a good deal on your loan from the Houston Mississippi BMW and you’ll need to build it up a little more unless you want to pay way too much.

• Frequency.

Every time someone checks your credit when you try to get a loan, you lose ten points on your credit score. If you do this a lot then you’re only making it worse. This is why I suggest online lenders for people who aren’t sure about their credit, because an online lender can use the same information and look for a loan for you among a lot of companies.

• Type.

What kind of credit accounts do you have opened, closed, and so on? It’s good to have a healthy mix. A credit card, a car, a loan, and so on.