How Does a Car Loan Affect My Credit?

April 15th, 2022 by
Image of a toy car and a calculator representing car loans.

Like any activity on your credit report, taking on a car loan affects your credit score, but there are ways to make the most of the new credit account. Having an affordable and current loan will help you maintain and build your credit history. Taking on new debt can lower your score temporarily, but with…

Posted in Financing