2006-08-15 18:39:57 · 6 answers · asked by KI 3 in Business & Finance ➔ Credit
It take anywhere from 6 to 12 months of steady on time payments for it to affect your score. Most lenders start reporting immediately, some do not maybe only quarterly etc. If you have a lender that reports quarterly you can request they make a one time report for your benefit.
2006-08-19 02:27:53 · answer #1 · answered by rainysnana 4 · 0⤊ 0⤋
Hi kiaunamaha,
I don't agree with PapaBear. It is true that the car loan co. may not begin reporting your payment record, but your credit report will immediately show that you have the car loan.
Before you get a car loan, shop around as much as possible. Why? Simply because the more you look, the more chance you have of finding a better deal.
I did some research on the web to see if there were any unbiased ratings, comparisons or reviews of auto loan companies. I did find one here: http://www.lendersrated.com/index.htm...
I hope this helps you.
Leafgreen
2006-08-16 02:04:06 · answer #2 · answered by PaymentKey.com 3 · 0⤊ 0⤋
The account once opened will show up on your credit report.
They should report every month that the account is in good standing. If you make payments on time, your score will rise gradually.
2006-08-16 02:10:32 · answer #3 · answered by Jesse 4 · 0⤊ 0⤋
They don't begin reporting for six months of regular payments.
2006-08-16 01:48:11 · answer #4 · answered by Anonymous · 0⤊ 1⤋
it will not happen overnight, atleast 15 to 45 days.
2006-08-16 07:52:10 · answer #5 · answered by Anonymous · 0⤊ 1⤋
How high can you spit a watermelon seed in the air?
2006-08-16 05:38:23 · answer #6 · answered by B'klyn Barracuda 3 · 0⤊ 2⤋