Rebuild Your Credit
Credit is a big part of getting behind the wheel of a new car. So, how do you rebuild your credit when you’re in need of it? Our finance team at Amherstburg Chevrolet has the answer for you. As your go-to source near South Amherstburg, Windsor, Kingsville, and LaSalle, Ontario, for cars you’ll love, we can also support your plan to purchase them. Read this step-by-step walkthrough to learn more about how to start the process of rebuilding your credit, as well as where to go from here.
Step 1: Be Aware
When you want to get started rebuilding your credit, the first thing you have to do is be aware. Of what, exactly, you may ask? Well, your credit report, of course! The more conscious you are of your credit score and what you can do with it, the better grasp you’ll have on improving it.
So, stay up to date on your credit score. Check it after making payments, keep your numbers in mind, and make sure the amount you want to pay is supported by your credit limit.
Not there yet? No worries. You’ll get there!
Step 2: Pay Your Bills on Time
Ideally, poor or low credit would be avoided by paying your bills on time, every time; however, that’s not always the case, and we know that. So, the next best way to rebuild your credit is to pay any upcoming bills on time.
As you go through the motions of credit usage, your consistency with payment plans will benefit you most. Stick to it, and you’ll be headed in the right direction.
Step 3: Catch Up on Overdue Bills
Overdue bills are the missing piece of the puzzle when it comes to taking care of your credit. When you catch up on those late notices, get up to date, and stay on track, then your credit will steadily improve. Stay in the know if any of your bills will soon be overdue, too!
Step 4: Know Your Utilization
Another great way to keep your credit on track is to be conscious of your available credit, or credit utilization. If you use it below an approximate level—usually 30%—this shows you have responsible credit management. As such, it can impact your credit score and overall performance.
Curious about your utilization of credit? When you talk to a member of our finance team, we can run it for you.
Get Started Rebuilding Your Credit!
As you can see, here at Amherstburg Chevrolet, we want to make sure we check all your boxes—and that’s why we’re the team to turn to for rebuilding your credit. So, what do you say? Are you ready to set up a plan that works for you? If so, you know what to do.
Interested drivers in the South Amherstburg, Windsor, Kingsville, and LaSalle, ON, areas should get in touch with us. We’ll set up a plan that will have you ready to take home your next favourite ride in no time. Contact us today!