"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.

expert avatar

Johnny

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.


Car Loans

Have an insurance question?

Our insurance agents are ready to help you, for free.

Ask your question, it’s 100% free
Recommended
Thousands of customers saved on average $887/year on their car insurance with Jerry
This app is great, but the customer service is even better! Not to mention convenient! My husband and I got the lowest rate (much lower than the rates I was finding online through my own searches), quickly, and pretty much all through text message! Thank you so much for a hassle free experience👍
user
Gabriella R.
Find savings (100% Free)
stars
4.6/5 Rating on App Store
logos
logos
logos