

Improve your Credit Score!

We know applying for financing can be a stressful thing, but it doesn’t have to be when you come to Chip Wynn Motors. For over 70 years we have provided our customers with a wide variety of auto loan options that fit into their budget and work with their credit score. No matter if you are a first time buyer without established credit or someone who has bad credit, our experts will work hard to get you the vehicle finance you need.

How can we make things even easier for you? Tell us the how much you want to pay each month or your desired price range and our Finance Payment Calculator can determine your down payment. Contact us with this information, or bring it in and we can begin to find you all your finance options. It is that simple!

If you are looking to improve your credit score to expand your loan options, here are three things you can do:

1. Pay Everything On Time

One of the biggest things that affect your credit score is payment history. Have you paid your bills on time? How frequently were they made? Did you miss any payments? All these factors make up your history, and the easiest way to maintain a good score is to pay on or before the bill’s due date; even if you are only paying the minimum. The more good history a lender has to see, the better the credit score can be.

Paying Bills
Money and a Car key

2. Keep A Low Balance

The higher the debt you owe backandnumber of loans you have, the lower your credit score will be. Banks see higher balances as an increase in risk of getting paid back, and therefore, they decrease the amount of credit they are willing to provide and increase interest rates.

3. Do Not Apply For Credit Often

Each time someone applies for credit or a credit card, points are deducted from their overall score. This is to prevent people from applying to many sources of credit all at once. Only apply for the credit you need and space out the time in between applications. If you haven’t checked your loan options recently and you choose to with us, your inquiries will not have a negative impact on your score.
Credit Score
Let us help you find the financing you need to get the vehicle you want. Stop by Chip Wynn Motors in Paducah, KY and we can begin the process today!
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