There are better ways to build your credit, but as long as you make your monthly payments on time, getting a car loan will raise your credit score because it adds to your payment history. You can expect an increased credit score after a few months of on-time payments. Just be aware that building credit alone is not a good reason to buy a car.
"Is getting a car loan a good way to build up my credit? "Answered by Car Loans Expert Johnny on April 5, 2021
Years of late payments have hurt my score, so I'm trying to build up my credit any way I can.
Car Loans Expert
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