2006-12-09 18:34:03 · 4 answers · asked by caddyman 1 in Business & Finance ➔ Credit
most of these places do report to credit bueraus ,,, but some do not.. under federal law now everyone is entitled to a free credit report once a year, you can get this right online and print it out,, free..
i would urge everyone to check your credit report,, to look for mistakes,, and make sure you check all 3 , because they all will be different.... it is a proven fact that at least 80% of all credit reports have at least one mistake.. and trans union is the worse. ....
you can also dispute any thing on your report right online
2006-12-09 18:43:57 · answer #1 · answered by RED WHITE AND BLUE 4 · 0⤊ 0⤋
Typically, the small, independent "buy-here-pay-here lots do not. The larger operators like CARMAX do. They carry some of their "paper" and sell the rest.
There is a new credit reporting company called "Payment Reporting Builds Credit (PRBC) that is subscribing these dealers very aggressively in an effort to allow consumers using buy-here-pay-here dealers, payday loan companies, RTO (rent-to-own) companies, etc. to build their credit.
Get your free credit report at:
http://www.annualcreditreport.com/
and see if indeed they reported you.
2006-12-11 20:46:57 · answer #2 · answered by Jer Jer 2 · 0⤊ 0⤋
some do and some dont....i know someone who was behind on theirs and when they returned the car the car lot said they were only interested in getting the car back.they also admitted that they dont report to the credit bureaus. each car lot is different.
2006-12-10 13:54:38 · answer #3 · answered by truth4u 2 · 0⤊ 0⤋
Yes yes yes if you got it on credit they are most likely reporting
2006-12-10 02:58:52 · answer #4 · answered by albertferrin 1 · 0⤊ 0⤋