"Is getting a car loan a good way to build up my credit? "
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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Answered on Apr 05, 2021
Johnny Puckett is a freelance writer and automotive expert. He has contributed content to a number of some of the largest online publications, aftermarket automotive manufacturers’ sites, and automotive informational sites. His experience in the automotive and information fields informs his writing at Jerry. His automotive interests bleed into his free time, where he enjoys modifying his favorite cars and woodworking.
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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