help with credit score

free credit scores

Will car payments for 6months give me a good credit score?

I have no credit file and i wanna get a car payment. How long do i need to make consistent payments to get a good credit score.

Public Comments

  1. Auto finance is what I do for a living and you need to make between 12 and 18 payments as agreed to really help your credit score. 12-payments on a installment loan made as agreed is the first thing lenders look for when the are trying to make up their mind weather to approve someone for a loan or not. This not only shows a good payment history (35% of your score) but it also shows the ability and willingness to repay someone.
  2. it will help but i wont make a difference for a couple of months, then you can expect to see your scores come up 8-10 points per month after about 6 months. More realisticly it will be 18 months befor your score is up there, assuming you dont pay anything late. Good luck!
  3. yes it will, and never be late on your payments
Powered by Yahoo! Answers