Credit Tips from Honda of Bartlesville

Credit Tips from Honda of Bartlesville

So, you’re thinking about buying a car. If you’re like most people, you don’t plan on paying the entire cost of the car up-front, and if this is the case, you’ll need to know a thing or two about credit. To provide some concise answers to some complicated--but completely universal--questions, we at Honda of Bartlesville are here to help.

What is Credit?

Credit is your ability, as a consumer, to obtain goods or services before payment, based on a trust that payments will be made in the future. So "Credit" is your reputation as a borrower. Your “Credit Score" is a composite number that estimates the likelihood that a buyer will be able to successfully meet the payment schedule for their purchase. Your Credit Score is generated by a computer and is based on a number of factors, including past payment history, outstanding debt and length of credit history.

What if your credit has been damaged. Can you fix it? Yes!

Check your credit report to make sure everything is accurate. Schedule your payments on your different bills and debts, and give yourself reminders--setting up phone text reminders is easy and helpful--to ensure that you follow through. Aim to reduce your overall debt, and to get and stay current on all your outstanding debts.  Remember that credit is your reputation to re-pay on time, and that history cannot be rebuilt overnight.


Credit maintenance should be viewed as a marathon, and not a sprint. It’s possible to fall behind, but the race is long enough to catch up over time. However, if a person continues to put themselves behind the 8-ball, so to speak, it may eventually feel like it’s too much to overcome.

The most important thing a person can do is to be proactive: make a goal, and make a schedule to help you achieve it. For any questions regarding credit or credit maintenance, the financing staff at Honda of Bartlesville, OK, is available to assist citizens of the Tulsa area with all of their financing issues today.