Menu

How to Get a Better Credit Score

Credit Scores

If you’re in the market for a new or pre-owned vehicle but you need tips to increase a credit score, Hamden Chevrolet in Hamden has you covered! We can teach you how to get a better credit score and the various ways to raise a credit score. So, if you’re wondering “ How to boost my credit score” Read on to learn with our finance team near Wallingford.

Pull Your Credit Reports

There are many ways to raise a credit score, just like there are many that will lower your credit score. So if you’re wondering how to boost your credit score or how to get a better credit score, it starts by reviewing your credit reports from one of these major credit bureaus: Experian, Equifax, and TransUnion. The Fair Credit Reporting Act entitles you to one free copy a year that you can access at AnnualCreditReport.com.

Examine Your Debts

An important tip to increase credit scores is assessing your debt. Here are a few ways to determine the factors of your credit score:

  • Your debt to credit ratio: How much available credit you have vs. how much you have actually charged. Our recommended advice to North Haven customers is to keep your credit card charges under 30% each month.
  • Number of cards with balances: The more cards with balances, the lower your score.

Develop a Payment Plan

If your debts are adding up, an easy way to get a better credit score is by eliminating small balances.

Get a Credit Card

When you open a credit card in Milford, it will help you establish credit when you pay your bill on time. If you’re wondering how to get a better credit score, pick one recurring monthly charge and pay it with your credit card, then pay it off on time every month.

If you do not qualify for a regular credit card, you can consider a secured credit card. A secured credit card has a small limit and requires an initial deposit of a couple of hundred dollars to properly open and secure. A great tip to increase a credit score is by choosing a recurring monthly charge and having it paid using your credit card. Just ensure you have money aside each month to pay off your balance.

Learn More Tips to Increase a Credit Score at Hamden Chevrolet

Contact us at Hamden Chevrolet if you’re still wondering about how to boost your credit score or whether you should buy or lease.

More from Hamden Chevrolet

  • How Much Does the 2023 Chevy Silverado Cost?

      The new 2023 Chevrolet Silverado is here and on the market near Milford! This truck features undeniable durability and incredible features that you and your Hamden family can rely on and enjoy. But how much is the Chevy Silverado? The 2023 Chevy Silverado price starts at $35,600 MSRP. Browse our new vehicle specials and…

  • 2023 Chevrolet Traverse Interior

    The 2023 Chevy Traverse interior delivers everything you want to see in the cabin of your vehicle. Whether it’s style, safety, convenience, comfort, technology, or entertainment, this crossover does more than just talk the talk. If you’re among the Wallingford drivers looking for an SUV that delivers plenty of space without sacrificing efficiency and other…

  • 2022 Silverado 1500 Towing Capacity

    When you need a reliable full-size truck that’s durable enough to handle your daily Wallingford needs. Despite the impressive performance specs, the Silverado 1500 towing capacity isn’t the only impressive feature of this fantastic truck. Milford drivers also benefit from an above-average fuel economy that saves you money in the long run. Check out some…

AudioEye
Search
Glovebox
Contact

Contact Us

Chat
Search
AudioEye
Contact Us

Contact Us

Glovebox
Chat
Hamden Chevrolet 41.3726, -72.90993.