Chevrolet Finance Tips: How to Raise Your Credit Score

Whether you’re preparing to finance a new Chevrolet or planning ahead for your next big purchase, a strong credit score can make a significant difference in your Chevrolet financing options and monthly payments. At Moran Chevrolet in Clinton Township, we’re committed to helping drivers feel confident and informed throughout the financing process. These three essential credit-building strategies can put you on the right path toward better financial health and better financing opportunities.

Make Consistent, On-Time Payments

Payment history is the largest factor in your credit score, which means even small steps can make a big impact. Pay all bills — including credit cards, utilities, and installment loans — on or before their due dates. If you struggle to keep track of payments, consider setting up automatic withdrawals or calendar reminders. Over time, a steady pattern of on-time payments signals to lenders that you’re reliable, which can help raise your score and expand your financing options when purchasing a Chevrolet vehicle.

Reduce Your Credit Utilization

Credit utilization refers to the percentage of your available credit that you’re currently using. High balances can lower your score, even if you always pay on time. Aim to keep credit utilization below 30% of your total credit limit. Paying down revolving balances, increasing your credit limit responsibly, or spreading expenses across multiple accounts can help you achieve better ratios. Lower utilization shows lenders that you manage credit wisely — a key factor in securing favorable auto loan terms.

Monitor Your Credit and Dispute Errors

Your credit report may contain inaccuracies that unintentionally lower your score. Regularly checking your report allows you to catch issues such as incorrect balances, duplicate accounts, or outdated information. If you spot an error, file a dispute with the reporting bureau to have it corrected. Staying informed also helps you track your progress as you work toward stronger financial footing.

Start Your Financing Journey at Moran Chevrolet in Clinton Township, MI

Improving your credit score takes time, but the rewards are worth it. When you’re ready to explore financing options for your next Chevrolet, the team at Moran Chevrolet in Clinton Township is here to help. Contact us today to get started or to schedule a test drive!

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