How To Build Your Credit Score In 3 Easy Steps

When you first start building your credit score it can be hard to know where to start and even harder to get people to trust you with a zero credit rating. While it may feel like you’re being punished before you’ve committed a crime, don’t worry. You can begin building towards a great credit score and not to mention finance a vehicle even if it may seem impossible.

Creditors and lenders use your credit history to establish whether or not you’re trustworthy. If you hope to take out a loan in the future, or buy a house, you need to establish a good credit rating early on and nurture that relationship over the years. We have a few tips to help you build up your credit.

1) Check out your credit score

I know you think you have a zero credit rating, but are you sure? Make sure you have a clean slate before you begin to move forward. Sometimes things you would not expect can show up on a credit report such as an unpaid library fine and a forgetten medical bill etc. Doing a credit report check will help you know exactly where you stand so when you have a discussion with lenders, they won’t blindside you! It will also give you the opportunity to pay off any of the sneaky debts you may have accumulated.

2) Apply for an auto loan and/or credit card.

You are more than capable of securing an auto loan with zero credit. It you are new to the country you start with a blank slate and creditors will often give you a chance, merely at a higher rate. While the rate may be higher than if you had already esablished an impeccable credit score, with the right team working for you, you can find yourself an affordable payment plan that works with your budget and still find a high quality vehicle.

If you are not in the market for a vehicle, credit cards are also a great way to establish trust with creditors. Talk to your local financial institution about what card may work for you. If you are in the position, you could get both. It you’re looking for a card and are able to secure a low-limit credit card, go for it! Taking loans and paying them back is how you establish credit.

3) Make your payments in full and on time

When you enter into a loan agreement, make sure that you are signing up for affordable payments. When you take out a loan, you are expected to make timely payments and if you fail to do so your credit score will fall. No if’s and’s or but’s. When discussing your financing options with the financial services department, make sure you are open and honest about what you can afford and don’t feel pressured to commit to something that is out of reach. If you feel the agent is pushing you, move on to work with someone more trustworthy.

If you have gone the credit card route, make small payments on your card that you are able to pay in full. It is not enough to pay the minimum payments so be aware of your spending and know that the creditors are watching!

While it may seem overwhelming, especially if you’ve been turned down, to get your first loan and build your credit score with zero credit, it is possible! An auto loan is a great way to start building towards a great future credit rating if you are in the financial position to do so. Everyone needs reliable transportation regardless of credit ratings. Working with a reputable lender and team of financial professionals like the staff at Frank Myers Auto Maxx in Winston-Salem is a great way to work towards your financial future.

Frank Myers Auto Announces February Sales Pro Of Month

Frank Myers Auto Maxx is pleased to announce that Mr. Mike Thomas has been named the Non-Commissioned Sales Pro of the Month for the month of February. To capture the top spot for the second month in a row, Mike sold 22 and a half cars. That number of vehicles is the 3rd most number ever sold in the history of the dealership. The only employees to have ever sold more than Mike was his father, Robert Thomas (now Director of Service) and Tracy Myers (now the owner).  

Thomas was selected as February 2011 Non-Commissioned Sales Pro of the month for his world-class performance and award-winning accomplishments in the automotive solutions department. What he likes best about working at Frank Myers Auto Maxx is helping folks drive home in the car of their dreams…especially after other dealerships have told them no. Thomas also mentioned how much he enjoys the family atmosphere.

Mastermind of Possibilities at Frank Myers Auto, John Bodenheimer, stated “Mike has come a long way since he started and really deserves this honor. He has become our top sales professional for the month of February and we are all proud of him. His commitment to his profession make it a joy for all of his teammates to be around him on a daily basis.”

Head Honcho, Keith Bowman stated “Mike made it a personal goal to be on top of the pile for two months in a row. It inspires me that he was dedicated to making his dream a reality. To have been able to sell nearly 23 cars takes something special…like tiger blood flowing through his veins. It is no surprise to me that he made sales pro of the month. If he continues to be as great as he was in February, I would expect him to be the sales pro of the month every month.”

About Frank Myers Auto Maxx

The original Frank Myers Store was started more than 83 years ago by Frank Myers, the Great-Grandfather of the current owner Tracy Myers and the Grandfather of the previous owner, Franklin Myers. Tracy has spent the past 15+ years trying to change the landscape of the car business and the bruised reputation of car salespeople all over the country. Tracy was one of the first 100 Certified Master Dealers in the Nation, a NIADA Eagle Award Winner and was the youngest recipient ever to be honored with the highest available distinction in the used car industry…the National Quality Dealer award.

Frank Myers Auto Maxx was recently recognized as the #1 Small Business in NC by Business Leader Magazine, one of the Top 28 Independent Automotive Retailers in the United States by Auto Dealer Monthly Magazine, one of the Top 10 Internet Auto Retailers in the Nation & one of the Top 3 dealerships to work for in the country by The Dealer Business Journal. Tracy is also the Co-Creator of the “Everybody Rides” program and author of the best selling book “Car Buying Secrets Exposed: The Dirty Little Secrets of a Used Car Dealer”, available at and better bookstores. He is a Christian Business Owner whose goal is to run his business “By the Book”. The dealership specializes in helping people find, qualify for and own the vehicle of their dreams with little or no money down…even with less than perfect credit. For more information on Frank Myers Auto Maxx, please visit their website at:


Frank Myers Auto Maxx
4200 N. Patterson Avenue
Winston Salem, NC 27105
SALES PHONE: 336-767-3432
SERVICE PHONE: 336-831-0656

Unlikely Educator Spurs Economic Growth With Alphabet

Frank Myers Auto has made used car buying easy as ABC

Used car buying easy as ABC in Winston Salem, NC

WINSTON SALEM – At it once again is the uncommon car dealer, Tracy Myers from Frank Myers Auto Maxx, just in time for the new school year to begin. Myers says his new approach to owning a nicer, newer car will simplify your life and help the local economy.

“Let’s face it…everybody wants a nicer, newer car. And buying a car is great for the economy! A better car can help you get to work, get your kids to school on time and in style, plus it helps me keep a lot of good people employed here at my business…not to mention the countless other folks who work to design, build, transport, maintain, fuel and insure the vehicles,” explained Myers.

Myers says that buying a car doesn’t need to be complicated or stressful. He believes that there’s a lesson to be learned from grade school. “My kids are getting ready to head back to school, and that got me thinking about learning the ABCs and 123s – and how, back in school, life was simple and fun. I think buying a car should be simple and fun too…so I created the ABCs of Car Buying.”

This “back to school” themed sale makes this month an excellent time to upgrade to a newer car, truck van or SUV.  Here’s how it works:

A: We’ll pay $1000 more than fair market value for any trade, whether it’s paid for or not.

B: Bring in just $500.00 for a down payment, and you can drive away the same day

C: Credit is not an issue. We work with the most helpful lenders in the country and understand that bad things happen to good people. Our goal this month is 100% approval.

“We always have fun here at Frank Myers Auto Maxx but this month is going to be something to remember. We’re helping the schools, helping the kids, helping the economy and helping you too. It’s never been easier to get a nicer, newer car!”

The generous trade-in allowance was inspired by the popular Cash For Clunkers program initiated by President Obama, which proves even car dealers can learn a thing or two.

“People are still talking about Cash For Clunkers…which happened one year ago this month. I pay attention to what my customers want. They’ve been asking for Cash For Clunkers to come back, and I’m giving it to them. I thought back to school time was the perfect time to show off what I’ve learned!” explained Myers.

Why Is August A Good Month To Buy?

Many people don’t realize that the new car manufacturers start releasing next year’s models this time of year. That means that every car at the dealership essentially turns one year older this month than it was last month. That extra month drives prices down making August one of the best times of year to buy.

Banged Up Credit From The School of Hard Knocks?

“At Frank Myers Auto Maxx, we realize that things have been pretty tough the past few years. We’re really good at helping you overcome the bruises on your credit report that you’ve earned from living in the real world. We believe in helping people make a fresh start. Come in and give us a chance to help,” says Myers.

ABCs Make Buying A Car Fast, Fun and Easy

What will you do with the extra money you receive for your trade-in? You could use it to lower your monthly payments. You could use it to be able to afford “more car” for your money. You could use it to pay off other bills. You could even use it buy all new clothes for your kids before school starts. It’s entirely up to you.

Come in to Frank Myers Auto Maxx located at 4200 N. Patterson Avenue in Winston-Salem, NC or pre-register for the sales event at and buy a nicer, newer vehicle before August 30 and take advantage of $1,000 more for your trade, $500 down payments, and more lenient credit requirements.

Frank Myers Auto Presents: “Beat The Dealer” – May 2010

Q: “Are there tricks of the trade that will help me get the most for my trade-in when shopping for a new used car?”

A: “Even though it’s a great question, there aren’t many tricks that I can share with you. There is, however, something that many consumers don’t know but can take advantage of. Many consumers do not realize that states often offer a tax credit when they trade in vehicle. For example, if you purchased a $10,000 vehicle in a state with a 6% sales tax and you did NOT have a trade-in, the sales tax would be $600 ($10,000 x 6%).

If the state allowed for a tax credit for trade-in’s AND you traded in a used vehicle worth $5,000 against this $10,000 vehicle, your tax liability would be calculated like this:

$10,000 Price of new vehicle
– $5,000 Value of trade-in
= $5,000 Price used to calculate sales tax

The 6% tax would then be calculated on the $5,000 and NOT the full $10,000! This means you would pay $300 in tax instead of paying $600. A savings for you of 50%!

It’s particularly important to consider the sales tax credit if you are thinking of selling your car privately. In the above example, you would have had to sell your vehicle for more money just to “break even.” If you factor in the expense of advertising the vehicle and the value of your own time, your break even point becomes even higher. The lesson to be learned? Don’t lose money by selling it yourself. By trading the vehicle in, you can avoid the hassle of selling it yourself AND you could pay less tax… a real “win-win” situation if ever there was one!

Wondering what YOUR trade-in is really worth? Check out our 100% FREE online trade evaluation! As always, you have nothing to lose and lots to gain!

ABOUT THE AUTHOR – Tracy Myers has spent the past 15+ years trying to change the landscape of the car business and the bruised reputation of car salespeople all over the country. He is the owner of Frank Myers Auto Maxx in Winston-Salem, NC. He is a Certified Master Dealer, the National Quality Dealer of the Year, one of top 28 dealerships in the Nation, and one of the top 3 dealerships to work for in the United States. He is the author of “Eight Keys to a Better Car Deal” and the best selling book “Car Buying Secrets Exposed – The Dirty Little Secrets of a Used Car Dealer”, available at Tracy is a Christian business owner whose goal is to run his business “By The Book.” Contact the Author:

*portions of this blog post was taken from Galves Auto Price List blog.