Chevy Financing Tips: How to Raise Your Credit Score

When it comes to Chevy financing, Wilkinson Chevrolet GMC has your back. We make it easy to take home the right Chevy vehicle at the right price, and we provide the information you need about the financing process. Here’s a closer look at how to raise your credit score, in order to access more favorable financing terms.

Reduce Your Debt

A good rule is to keep your credit usage below 30%. As soon as your credit use goes above 30%, it can significantly reduce your credit score, which means you may have less favorable terms, like higher interest rates or shorter term lengths. Bringing your credit use below 30% will have an immediate and positive effect on your score.

Raise Your Limit

If you can’t bring your credit usage down enough, consider bringing your credit limit higher. This is another way to keep your usage below 30%, and it’s faster and easier to achieve. In order to raise your credit score, you can either request a limit increase or speak with a representative over the phone. Be sure not to use any more of the available credit, since you’re still trying to stay below 30%.

Pay Your Bills On Time

Your credit score tells the lender how reliable you are to lend to. That’s why it’s so essential to have a good payment history when it comes to bills for utilities, mortgages, or previous vehicles. A good history of repayment will boost your credit score significantly.

Visit Wilkinson Chevrolet GMC for Chevy Financing Support

You can learn about your credit score and other essential factors for Chevy financing right here at Wilkinson Chevrolet GMC. Visit our dealership to get the financing support you need today!

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