By financing your automobile loan through Credit Acceptance Corporation with Guaranteed Credit Approval, you are well on your way to re-establishing your credit every month that you make your payment on time.  Below are some additional tips to help get you back on your feet.

3 Steps to Boost Your Credit Score

If your credit score is below 660, take these three steps now.

1. Pay every bill on time.
A late payment will instantly drag down your score. A few months history of timely payments, however, can help boost it.

2. Pay down the cards that are maxed out first.
You'll get points deducted from your score any time you charge more than 50 percent of the limit on any kind of credit card.

3. Do not cancel any credit cards.
Counterintuitive, yes. But not when you consider that one-third of your score is based on how much of the credit available to you you're actually using. Cutting up credit cards will automatically decrease the amount of credit you have available. Better to stick the cards in a drawer until your score is back on track.

Smart Ways to Use Credit

Build a good credit rating

Pay your credit card bills on time, stay well within your credit limits and be careful not to take on too much debt with too many cards and you'll begin to establish an excellent record on your credit reports from all three credit reporting agencies. That information, in turn, is used to calculate your credit score -- a number that tells potential lenders how likely you are to repay your debt. Use your cards to boost your credit score and you'll not only qualify for zero and low-interest rates on competing cards but you may also be eligible for a better deal on your mortgage and auto insurance.

Create a Budget

One of your first steps should be to establish a realistic monthly budget and to track expenses every month against that target. Do not spend frivolously and be disciplined about only spending what you have. However, to maximize savings opportunities we recommend that you utilize a budget and track expenses each month so that any excess can be applied toward savings. Getting a firm handle on both income and expenses will allow you to budget for bigger expenses such as an automobile or home.

Other Keys to Success

	*	Live on a budget to set boundaries on spending and to cultivate savings.
	*	Avoid high-cost debt or strive to eliminate it quickly.
	*	Create adequate emergency savings through automatic payroll deposits.
	*	Invest savings in a high-yield savings or money market account.
	*	Participate in an employer-sponsored retirement plan.
	*	Maximize tax-favored investment opportunities for retirement and college savings.
	*	Contribute to a Roth IRA as it permits tax-free withdrawals in retirement.
	*	Consider a 529 plan for funding college as withdrawals for college expenses are tax-free.