One of the best ways that you are going to be able to improve your credit situation will be to simply take out a bad credit auto loan which will probably much easier than you think and you need to monitor your credit afterwards. We here at FundingWay.com will be able to make sure that you get into a great new or used car even with a poor credit score which is going to open up a lot of doors for people who thought that there was no hope for them. It takes just minutes to apply and in just a day or two we can get you in that vehicle that you need.

All that being said and done though will only be half of what you need to do. If you are in the process of repairing your credit score you will want to make sure that you are monitoring your credit score as well. This way you can see it rise and know if possibly anything went wrong. There will be a few ways that you can do this.

Tracking your Credit Scores

Of course making your payments on time is going to be a great way to improve your credit and you will also want to keep a very close watch on it at the same time. All credit bureaus and many other companies will offer services that will allow you to easily keep track of your credit score. The price ranges will vary so you may want to shop around a bit. Keep in mind that you will also be able to get different kinds of reporting some with extra and some with less features. It is definitely something that you will want to browse around with and see if it is something you would like to have while you keep track of your bad credit used car loan that you are currently making payment on.

Building on your Own

Instead of spending tons of extra money though why not keep some of that change in your pocket to add to your rainy day fund? If you want to do that it is going to be a little extra work, but will still be a fairly easy process to take care of. There is an act that is called the Fair and Accurate Credit Transaction Act that allows everyone to get one free credit report every 12 months from each of the three credit bureaus.

This essentially allows you to have your own credit monitoring system coming in. It will not be monthly as if you paid obviously, but it will still be something that can keep some money in your pocket while still keeping you informed. You can immediately order more reports as well if you find some kind of error on any of them at any time.

If you have purchased a vehicle with poor credit and are working on repairing your credit score then make sure that you monitor your credit. Otherwise you can easily fall back into a lower credit score without even realizing it.