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If i buy a used car and make payments will it make my credit score go up?

cultofaction · 26-30, M
Yes, but they'll probably check your credit, in which case it'll go down a little bit off the bat.
UndercoverBard · 31-35, M
Yea it would help, especially if you pay more than the minimum amount due
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Steve42 · 56-60, M
Depends. If the loan is through a bank, yes. If the loan is through the used car dealership, probably not. You could ask them if they finance through the dealership if they report to credit burros.
Get a credit card. Use it regular, and leave a small (about 30% of the credit limit) balance on it all the time. Pay it off a few times a year.
ronisme1 · 61-69, M
Yes, if you make the payments on time and it is not a private party loan
SW-User
on time payments always help your credit score.
krf336 · M
yes, but if its high interest it might go slower.
SW-User
If made on time and your debt to income ratio
TheProphet · M
Yes it will.
ChocolateSauce · 46-50, F
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Zonuss · 41-45, M

 
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