When will my car loan positively effect my credit?
Jasmine B asked:
I bought a new car in December of 2006, I have made every payment on time. I need to know when this will reflect in my credit score. I am looking to get my score up so can get a better rate on my home loan. The house is just being built and I wont close on it until December.
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on Thursday, April 30th, 2009 at 8:37 am and is filed under Car Loans.
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I bought a new car in December of 2006, I have made every payment on time. I need to know when this will reflect in my credit score. I am looking to get my score up so can get a better rate on my home loan. The house is just being built and I wont close on it until December.
May 3rd, 2009 at 5:36 pm
Visit this site
Here you will find enough information that will help you solving your this question.
May 4th, 2009 at 8:28 am
i thought that as long as you were making payments every month on time your score will continue to raise. make sure that its not other factors that are not allowing your credit score to increase such as credit cards, late payments, inquires, too many opens accounts, closed accounts, balances on credit card more than 30% of limit, etc.
Also, a good site is…
All the best to you.