13 Lee Jackson Hwy.
Directions Staunton, VA 24401

  • Sales: (888) 483-7656
  • Service: (888) 475-7841
  • Parts: (888) 464-5926

What Determines Credit Score

Several factors go into determining your credit score, and they all have various levels of impact. Any debt and lines of credit you have go into your credit score, as well as your payment history, the length of your credit history, and a few others.


According to FICO, the leading credit score calculator, payment history is the biggest factor in how your credit score is determined. If you make loan payments and pay your bills on time, you'll have a much better chance of qualifying for a loan than if you're consistently behind on payments.


The second biggest factor is how much money you owe. Having several different sources of debt, such as a mortgage, auto loan, and student loans, can lower your chances of getting a loan. However, it certainly won't disqualify you from getting a loan, since having a high enough income to manage your payments is beneficial.


The older you are and the longer you've been building credit, the more banks will trust you to make your payments on time. This also goes for how long you've worked at a certain job-they trust you'll keep the job more if you've been there a long time.


For more information on credit scores, don't hesitate to contact us today at Paul Obaugh Ford!

Contact

Paul Obaugh Ford

13 Lee Jackson Hwy.
Directions Staunton, VA 24401

  • Sales: (888) 483-7656
  • Service: (888) 475-7841
  • Parts: (888) 464-5926

Hours

  • Monday 8:30AM - 7:00PM
  • Tuesday 8:30AM - 7:00PM
  • Wednesday 8:30AM - 7:00PM
  • Thursday 8:30AM - 7:00PM
  • Friday 8:30AM - 7:00PM
  • Saturday 9:00AM - 5:OOPM
  • Sunday Closed
See all department hours

Dealership Hours

  • Monday 8:30AM - 7:00PM
  • Tuesday 8:30AM - 7:00PM
  • Wednesday 8:30AM - 7:00PM
  • Thursday 8:30AM - 7:00PM
  • Friday 8:30AM - 7:00PM
  • Saturday 9:00AM - 5:OOPM
  • Sunday Closed

Parts Dept. Hours

  • Monday 7:30AM - 5:30PM
  • Tuesday 7:30AM - 5:30PM
  • Wednesday 7:30AM - 5:30PM
  • Thursday 7:30AM - 5:30PM
  • Friday 7:30AM - 5:30PM
  • Saturday Closed
  • Sunday Closed

Service Dept. Hours

  • Monday 7:30AM - 5:30PM
  • Tuesday 7:30AM - 5:30PM
  • Wednesday 7:30AM - 5:30PM
  • Thursday 7:30AM - 5:30PM
  • Friday 7:30AM - 5:30PM
  • Saturday Closed
  • Sunday Closed
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