"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.

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Car Loans Expert

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.

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