mand
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It will start to rise after you have made several consecutive on time payments to the lender, and when the principle balance of the loan starts to go down.
You can pull your credit report for free once/year
annualcreditreport.com
After about 6 months check and see if the auto lender has reported the account to the credit bureaus as current, never late. Do your best to stay on track and the credit score will rise. |
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shehawke
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about the time your car is paid off, IF the schmucks at experian actually note your account, I've got things on there I should probably sue them for. |
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dj_synical
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it only helps when you pay the car off really.. |
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dluke68502
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Keep paying on time and your credit score will go up. |
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bao187
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i think it is after three months of timely payments |
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unbelievable
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You must have worked hard to get it that low |
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jnowak5
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It will raise after some months paying on it. Creditors like to see that you can make timely payments for a period of time. Once, you can, I would also recommend buying a house. I bought a house and a car within months of each other, and my nonexistant credit score took over. Neither one is going to be an overnight fix, but if you keep them open (and getting a credit card or two with low credit limits might be an idea), your credit score will start to rise. |
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Brneyes71
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Depends on the lender, usually some report to the credit bureau every month, so in 1yrs time you could raise it 100pts. but to de psoitive I would direct that question to the dealer or the lender. |
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JRob
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ask your banker |
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cdslsmn
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Your credit score is based on several factors. Your timely payments will help. Your score will rise faster based on revolving credit though. Credit cards and gas cards will bring your score up faster than anything. |
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Steven2006
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Make all your monthly car payments on time every month for at least 1 year if not a few years. This should increase your credit score. Creditors like to see you paying your bills and on time! No late payments. Make all your payments on time and watch your credit score rise like the sun! |
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montanamichelle
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It should start to go up after you make your first payment, as long as your payment is made on time.
HTH |
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usuck79
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Well I pay my car payment on time every month for the last 4 years (on time never late full amount due) and have a low credit score nothing has really improved...once your credit is bad it is hard to bring it back into good standings |
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brian
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It depends. Did you purchase it from a Buy-Here Pay-Here company or from a dealership? Some Buy-Here Pay-Here companies never report to the credit bureaus unless you don't pay. |
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flmedic2002
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took me about 6 month's of on time payment's 490 is a pretty low score though it may take a while |
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