How do auto loans affect your

Discussion in 'Credit Talk' started by bgolden, Feb 25, 2001.

  1. bgolden

    bgolden Guest

    I KNOW MORTGAGES ARE USUALLY GOOD AS FAR AS RECIEVING CREDIT CARDS BUT HOW DO AUTO LOANS AFFECT CREDIT. BESIDES THE INQUIRES, WHICH AREN'T GOOD. THANKS FOR THE REPLIES.
     
  2. roni

    roni Well-Known Member

    RE: How do auto loans affect y

    Finance co. auto loans hurt your credit scores. I have one so that bothers me, but my scores have risen despite the finance co. loan.

    An auto loan is like any other tradeline which you pay on time. Since it is a loan it gives you variety of tradeline types. You will have a good mix of R's and I's (revolving and installment trades).

    roni
     

Share This Page