Bad Credit? Tips For Improving Your Credit Score

Jun 8, 2021
Bad Credit Tips

Your credit score is an important indicator of the state of your "financial health," so to speak. It tells landlords, car salesmen, and banks how much you can be trusted to make good on loan or rental payments. The higher your credit score, the more likely you can score low interest rates if you do take out a loan one day.


It can be a lot of work to earn and maintain a good credit score. Unfortunately, these days it's all too easy to earn bad credit. Fortunately, this is a mistake that can be repaired with time. If you're looking to improve your bad credit score, there are several things you can do to build your way back up.


Take A Good Look At Your Credit Reports 

You'll need to be aware of which factors work in your favor, or against you, in order to rebuild your credit score. Checking your credit history is a vital way to understand that. You can get a copy of your credit report from a credit bureau. This will allow you to take a look at the things that have helped or hurt your score in the past.


Some key factors that help build your credit include making payments on time, having low balances on your credit card, and a few different cards or loan accounts. Frequent missed or late payments, collections, and high balances on your credit card are common causes of bad credit.


Be Regular With Bill Payments

One of the single biggest factors that impact your credit score is bill payments. From your house, to your vehicle, to student loans, paying those bills on time is a must. Even better, large debts that have been paid off remain on your record and always work in your favor. To avoid late payments, consider setting up autopay with your bank account, creating a paper or digital filing system to keep track of bills, or setting payment alerts on your phone.


You can also charge your monthly payments to your credit card, assuming you are able to pay off the balance in full every month (this will help avoid additional interest payments).


Limit Your Number Of "Hard" Inquiries 

There are two kinds of credit history inquiries: "hard" and "soft." Soft inquiries typically mean you are checking your own credit or allowing your financial institution or employer to check it. These types of credit do not affect your score in any way. "Hard" inquiries, on the other hand, have the opposite effect. These inquiries happen whenever you apply for a new line of credit - either a new credit card or a loan. Creditors look at your file to assess your risk as a potential new borrower, and unfortunately show up on credit reports.


Help With Bad Credit In South Florida

Rapid Auto Loans exists to help people like you with no-hassle title loan applications. A trusted name in loan application since 2009, we have been helping Florida residents who need immediate access to funds and provide assistance for any potential road bumps along the way. We make the process as simple as possible by never letting your credit score or state of your bank account get in the way of approving your loan approval. Our approval is solely based on the equity in your vehicle; we don't check employment, and we can help you access funds as soon as half an hour after you call us.


We understand the importance of reliable transportation to get to and from your work. If you need immediate financial assistance to keep driving your car, or have any questions, give us a call at 954-678-5781.


Get Ahead of Your Bills With A Car Title Loan

If you’re like most people, your payday honeymoons are short-lived. This is because we all live in a very real world of living expenses. Bills tend to come at us from all angles, such as our home mortgage and rental, car repayments, and utility bills. Add to that’s groceries, insurance premiums, and school fees and things start to get tight. If you’re battling to get ahead of your bills, a car title loan can help. It’s a great way of getting access to instant cash. If you’re needing a little loosening of your financial belt, then keep reading.

Personal Loans vs. A Car Title Loan

Sometimes, the money that we need isn’t always available. Whether you need to pay for unexpected medical bills, plan a wedding, or even make rent, there are various financing options available. In most instances, personal loans require a decent credit score and lengthy paperwork. In comparison, car title loans work differently, allowing for fast approval and no credit check.

What Are My Options For Quick Loans?

If you’re looking for quick loans, you’re in luck. You have a few options to choose from. Which loan you choose is completely dependent on what you need the loan for and your personal circumstances. When you’re shopping for a same-day loan, chances are your main options will fall into a few main categories.

5 Ways To Maintain Equity In Your Vehicle

Vehicle purchase, car ownership, loans, financing, interest, equity… It can be easy to feel like you are in over your head when it comes to what’s in the driveway.

How To Avoid Title Loan Repossession

While nobody wants to consider defaulting on their title loan, not making a payment is a genuine possibility. Potentially, it could result in the repossession of your vehicle. In these still troubling times, there are several reasons people may fall behind on their payments. Understanding title loans and repossession laws are critical to weighing your options and settling on a solution. Rapid Auto Loans is here to explain everything you need to know to avoid title loan repossession.

Applying for a Car Title Loan

A car title loan is a type of loan where the borrower uses their car to guarantee the repayment of the loan. The borrower gives the lender their car title to use as collateral for the loan. This allows the lender to offer you a lower interest rate on your auto title loans because they are less at risk if you default on your payments.

Rapid Auto Loans is a consumer finance company licensed under Florida 516. The term title loan is used for marketing purposes only.
All loans have a repayment period of 12 months and there is no minimum prepayment penalty. Interest Rates are determined and approved by the State of Florida based on the borrowed amount and the maximum APR (which includes interest rate plus fees and other costs for a year) is 30%. You pay interest only for the time your loan is outstanding. Below is a representative example of the total cost of the loan, including all applicable fees:



Government Fee


Credit investigative Fee


Documentary Stamp Tax


Total amount Financed


Original Loan Date




Monthly Payment (x12)

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