My credit score is so good.
It comes from paying off my credit card four years ago now, and then not taking on any debt (or none I didn't pay off within six months) until I bought this car. Taking out a car loan actually improves your credit score, which, who knew? Also no foreclosures or evictions! Go me!
The loan guy actually congratulated me.
2 comments:
WOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!
Credit-scoring companies like to see different types of credit/debt. Credit cards are revolving debt, and auto loans are installment loans.
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