Expert Advice for Credit Score

All Articles on Credit Score

Does Paying Car Insurance Help Build Credit?
Does paying car insurance build credit? Unfortunately not. But for better or worse, your credit score impacts your car insurance rates.
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Matt Terzi
Aug 10, 2021
What Credit Score is Needed to Buy a Car?
A credit score of 660 or more can get you a car loan with a reasonable interest rate, but if it’s lower, you might still be able to qualify.
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Jacoba Bood
Sep 10, 2021
Root Is Ahead of Car Insurance Industry in a Major Way
Root insurance wants to make car insurance fair by using telematics rather than credit score to determine its rates. But does fair insurance mean cheaper insurance?
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Andrew Koole
Sep 23, 2021
Washington is Working to Outlaw this Controversial Car Insurance Practice
Washington state is seeking to ban the use of credit scores to help determine car insurance rates. What other states have banned this practice?
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Andrew Koole
Jun 18, 2021
New Jersey Working to Ban This Controversial Car Insurance Practice
New Jersey is one of a few states that are currently looking to ban the use of credit scores when determining car insurance rates.
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Andrew Koole
Jun 14, 2021
Tennessee Could Be the Next State To Outlaw a Questionable Car Insurance Practice
An investigation in Tennessee revealed a concerning disparity in car insurance rates based on peoples' wealth. What will the state do with this information?
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Andrew Koole
Jun 04, 2021
Colorado Senate Votes to Ban This Controversial Car Insurance Practice
The Colorado Senate has just passed a bill that targets discriminatory car insurance. What does this mean for Colorado’s drivers?
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Andrew Koole
Jun 02, 2021
Oregon Working to Ban This Controversial Car Insurance Practice
Oregon’s state legislature is considering a ban on credit-based car insurance policies. What does this mean for drivers in Oregon?
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Andrew Koole
Jun 03, 2021
Louisiana House and Senate Both Choose Not to Ban This Controversial Car Insurance Practice
The Louisiana House and Senate have voted down changes to a controversial car insurance practice. What does this mean for drivers?
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Andrew Koole
Jun 02, 2021
Does Refinancing a Car Hurt Your Credit Score?
Refinancing your car can hurt your credit score, as lenders will make hard checks and you'll be leaving your former loan. The affect on your score is only temporary, however.
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Brady Klopfer
Sep 10, 2021
Does Getting a Copy of Your Credit Report Hurt Your Credit Score?
Does your credit score actually diminish when you ask for a copy of your credit report? Read on to find out everything you need to know.
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Brady Klopfer
Jan 08, 2021
How to Get a Copy of Your Credit Report
Getting a copy of your credit report can help you understand and present your credit score. Here's how to do it.
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Brady Klopfer
Jan 08, 2021
What Is Considered a Good Credit Score?
A good credit score can be the difference between a favorable loan and an unfavorable one. Here's how to know how your credit score measures up.
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Elan Mcafee
Dec 09, 2020
What Is a Good Credit Score to Buy a House?
Here's what you should know about the relationship between your credit score and the types of home loans you could get.
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Elan Mcafee
Dec 09, 2020
How Credit Scores Affect Car Loan Interest Rates
What constitutes a good credit score when buying a car, and how much difference can it make in what you pay? Here's what you should know.
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Elan Mcafee
Dec 09, 2020
How NSF Fees Can Impact Your Credit Score
Are non-sufficient fund (NSF) fees something that can damage your credit score? The answer is both yes and no. Here's what you need to understand.
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Marisol Pereira
Dec 08, 2020
How to Freeze Your Credit (and Why You Might Need to)
A credit freeze, also known as a security freeze, is a means to restrict access to your credit report. Here's how (and when) to do it.
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Elan Mcafee
Nov 24, 2020
Easy Things You Can Do to Improve Your Credit Score Quickly
Your credit score can determine whether you qualify for loans to purchase a car or home. Use this guide to find easy ways to raise your credit score fast.
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Jason Unrau
Sep 13, 2021
How to Check Your Credit Score
You can check your credit score for free to determine your financial health and prepare for any big purchases. Here's how to do it.
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Jason Unrau
Nov 24, 2020
How to Monitor Your Credit Score for Free
Monitoring your credit score in the most efficient manner is easy to do with the right tools.
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Elan Mcafee
Nov 24, 2020
How to Enhance Your Car Insurance Coverage
Upgrading your car insurance coverage costs more but gives you important extra protections.
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Conor Fynes
Oct 21, 2020
How to Make Car Insurance More Affordable
Insuring your ride can be expensive, but it doesn't have to be. Here are the best ways to make car insurance more affordable.
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Logan Utsman
Nov 10, 2020
How to Switch Car Insurance Companies When You Sell a House
Selling your home is guaranteed to affect your car insurance policy, so it's a good time to shop around.
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Jacquelyn Childs
Oct 30, 2020
How to Get a Lower Car Loan APR
You can get a low APR on a car loan by building your credit and shopping across multiple lenders for the best deal. Make sure to negotiate for good deals, too.
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Mary Kurz
Sep 10, 2021
How Your Credit Score Affects Car Insurance Rates
In most states, your credit score can affect your insurance rates. This article tells you why and how.
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Brady Klopfer
Jan 04, 2021

All Questions on Credit Score

Will paying off a car loan help your credit?
My credit isn't bad, but it's not great. I'm going to buy a house soon, and I'm hoping to improve my credit score before then. If I pay off a car loan, will that help?
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Liz Jenson
Sep 23, 2021
Can I have two car loans?
Can I have two car loans at the same time? I just bought a new car for my son's 17th birthday. A few days later, in what I can only describe as the worst timing ever, my car started to have some pretty serious problems. I don't want to take away my son's car, but I need to be able to drive to work. Luckily, I am financially secure enough that I can afford to pay off another loan.
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Liz Jenson
Sep 23, 2021
Do you need good credit to refinance a car loan?
My credit isn't great, but I'm having trouble keeping up with my monthly car loan payments. Is it a bad idea to refinance my loan while my credit is bad?
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Liz Jenson
Sep 23, 2021
What credit cards offer rental car insurance?
Are there any cards that offer rental car coverage? I am shopping for a new credit card. I rent cars a lot, so I'd like something with rental car coverage on it.
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Emily Maracle
Sep 10, 2021
Do car insurance companies look at your credit score?
After a bit of a wild youth, I'm currently working on rebuilding my credit. My old car is on its last legs, so I will need to purchase a vehicle in the next couple months, but will a car insurance company look at my credit score? Will I have to pay more on my insurance for old mistakes that I'm working hard to fix?
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Emily Maracle
Sep 10, 2021
Should I go with the first car loan I get so it won't hurt my credit score?
I'm worried about lowering my credit score when I shop for a car loan. I know that each lender pulls your credit, so I'm thinking that I should just go with the first car loan that comes my way so it doesn't impact my credit. Is this a good plan?
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Eric Schad
Aug 02, 2021
Is a 9%, 60-month loan with CarMax too much if I have an 800 credit score?
I went to CarMax to purchase a car, but I need to finance some of the final price. Even with an 800 credit score, CarMax only offered a 9% loan over 60 months. This seems too high to me. Should I shop around, or is this actually a good deal?
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Eric Schad
Aug 02, 2021
What do you typically need to qualify for 0% APR financing?
The local Kia dealership is offering 0% financing for new cars, but in the fine print it reads for qualified buyers. What do I need to qualify for 0% APR financing?
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Eric Schad
Aug 02, 2021
Is 12.99% for a $9,000 car loan too high if I have no credit?
I want to buy a used 2002 BMW Z3, but I have no credit. I shopped around for rates, but the lowest I found for 48 months was 12.99%. This seems really high. Is a 12.99% rate too high for me considering my credit?
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Eric Schad
Aug 02, 2021
Can I get a car loan with a payment of around $150 a month with poor credit?
I have a 599 credit score, which isn't great, but I need a new car pronto. I can afford a payment of around $150 a month, which means I'm going to have to get a new car. I have $1,000 for a down payment. Is there any way to get a payment of $150 a month with a credit score that low and little for a down payment?
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Eric Schad
Jul 30, 2021
Can my financing be denied for an auto loan after making a down payment with a credit card?
I'm financing a vehicle through the dealer. I used my 0% interest credit card to make the down payment. I checked my credit score after using my credit card and it had dropped 75 points due to a higher utilization of debt. It's now 35 days later and I'm still unsure if my loan was denied due to the catastrophic drop in credit score. Can my financing still be denied?
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Eric Schad
Jul 30, 2021
What is an adverse action letter mean when financing a car?
I received an adverse action letter from Toyota Financial today, three weeks after driving my new Camry off the lot. I made a $20,000 down payment and financed $15,000 at 1.49% for 36 months, as per the special rate they were advertising. This letter wants me to come into the dealership to change the terms to my financing, as they weren't able to approve me at this rate and terms. What does this letter mean? Do I have to go back to the dealer?
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Eric Schad
Jul 30, 2021
What's wrong with dealers who finance anyone?
I'm a single father with poor credit, but I need a new set of wheels as my current car just died. I've heard a bunch of advertisements on the TV and radio about dealers who finance anyone. Is this a scam? Or is it perfectly alright for me to do?
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Eric Schad
Jul 29, 2021
Does unpaid car insurance affect your credit score in Michigan?
Will my credit score be affecte if I haven't paid my premiums on time for the last few months?
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Sophie Newman
Jul 23, 2021
Can I get a car loan if my credit score is 804 but I only make $17,500 a year?
Will I get approved for a car loan? I want to get a car loan, but I only make $17,500 a year. However, my credit score is a stellar 804.
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Eric Schad
Jul 16, 2021
Can dealerships lie to you about your credit score?
Do dealers lie about credit? I was buying a car and when the dealer pulled my credit score, they said it was 688. I know for a fact it's 707.
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Eric Schad
Jul 16, 2021
Can a car dealer tell me my APR before I actually apply for financing?
Can a dealer give me an estimate of my APR? I don't want to rack up hard inquiries when applying for a car loan. However, I do what to get a rough estimate of what my interest rate and payments might be like.
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Eric Schad
Jul 15, 2021
Why is the dealer turning me down for an auto loan even when I have a 700 credit score and a cosigner?
Why do we keep getting rejected for a car loan when we have good credit? I'm trying to buy a new car with 0% APR financing for 60 months. I have a credit score of 707, but I was denied. I added my mom to the loan as she has a credit score of 730 and we were denied once again. I'm not making a down payment either, if that matters.
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Eric Schad
Jul 15, 2021
What credit reporting agency does GMAC use?
What credit bureau does GMAC use? I want to purchase a car through GMAC (GM Financial) and I know they'll run my credit report. My Experian and Equifax reports look great, but the TransUnion, not so much.
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Eric Schad
Jul 15, 2021
Can I bring a copy of my credit report to the dealer so they don't pull my credit?
Can I bring a copy of my credit report to the dealer instead of them pulling my credit? I'm simultaneously shopping for a car loan and a mortgage. Finding a car is much easier than finding a house, but I don't want the hard inquiry from my car loan to hurt my chances of getting a mortgage.
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Eric Schad
Jul 15, 2021
Do lenders look at Equifax or TransUnion for your credit report?
Do lenders look at both credit reports? My Equifax report is spotless, but my TransUnion score isn't nearly as good. I'm worried that they'll only look at the lesser score. I want to buy a car and I know that car dealers pull your credit.
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Eric Schad
Jul 14, 2021
Why do car dealerships continuously pull your credit?
Why do car dealerships pull your credit multiple times? I just signed up with a dealer for financing and they said they shop my credit profile around to different lenders. So when I looked at my credit report, I was shocked to find seven inquiries on it.
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Eric Schad
Jul 14, 2021
What is a Tier 1 credit score?
What is a Tier 1 credit score? I'm shopping for a car loan and I'm consistently seeing that the best rates are available for *Tier 1* credit scores.
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Eric Schad
Jul 13, 2021
How does car refinancing work?
How does the car refinancing process work? I have a car that I bought three years ago when I had poor credit. Now that my credit score is much higher, I want to refinance my vehicle.
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Eric Schad
Jul 13, 2021
Does Capital One offer car loan refinancing?
Does Capital One offer refinancing for car loans? I want to refinance my car and several of my friends suggested Capital One for car loans. I know they do car loans, but I wasn't sure if they refinance.
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Eric Schad
Jul 13, 2021
Is it possible to lower your monthly car payment without refinancing?
Is there any way to lower your monthly payment without refinancing? I want to refinance my car to get a lower monthly rate. However, I'm also shopping for a home soon. I'm worried that the refinance will lower my credit score.
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Eric Schad
Jul 13, 2021
What credit score do I need to refinance through Capital One?
What credit score do I need to refinance with Capital One? I've been getting promotional emails through Capital One about car refinancing. The rates seem great. That said, my credit score isn't high and I'm worried I'll be denied for financing.
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Eric Schad
Jul 13, 2021
Will refinancing my car start my loan over?
Does refinancing your car loan cause the loan to start over? I have a car loan that I've paid on for 27 months, but the interest rate is 18%. I've built my credit score to 753 during that time and my friend told me I should definitely refinance the loan. However, I have my reservations because I don't want to start from scratch.
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Eric Schad
Jul 13, 2021
Does the cosigner of my car loan have to be on the title?
Does the cosigner have to be on the title as well? I'm buying a car but I need a cosigner for the loan. I'd like to have my own name on the car title.
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Eric Schad
Jul 13, 2021
Does paying late on a car loan affect the cosigner's credit?
Does paying late affect the cosigner's credit score? I've paid about a week late on my car loan for the past several months. I'm embarrassed to tell my dad that I've been behind, but it dawned on me that this might affect his credit score.
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Eric Schad
Jul 13, 2021

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