When you select your luxury model, you’ll meet with our Mercedes-Benz finance experts for a custom lease or loan package. Part of this process involves checking your credit score, which will affect your financing terms. Here’s everything you need to know about raising your credit score before picking out your favorite coupe, convertible, sedan, or SUV at Mercedes-Benz of Orland Park.
Raising Your Credit Score Before Financing Your Vehicle
Credit scores range from 300 to 850, and the higher your score, the more likely you’ll get more favorable terms with your Mercedes-Benz finance package. Here are a few ways you can boost your credit score before you buy or lease a vehicle:
- Pay off any outstanding debts, especially credit cards
- Consolidate debts that you can’t pay off right away
- Keep your oldest credit card and utility accounts open to enhance your credit history and longevity
- Hold off on applying for new loans or credit cards
You should also look closely at your current credit report to see if there are any inaccuracies or discrepancies. If you see a hit on your score that isn’t right, contact the creditor to resolve the issue.
Maintaining a High Credit Score
Once you’ve raised your credit score, you’ll want to keep up the good work. Pay every single bill on time — and whenever you have a little extra cash lying around, put it toward the principle of your outstanding debts. Staying below the limit of your credit cards will also help keep your score nice and high.
Get a Custom Mercedes-Benz Finance Package in Orland Park, IL
We believe that everyone deserves to drive the vehicle of their dreams. That’s why our Mercedes-Benz finance team is dedicated to creating a great lease or loan package for all of our customers, even if your credit score is lower than you’d like it to be. Come by our Orland Park, IL Mercedes-Benz dealership today to learn more!
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