I bought a car from Car-Mart and I'm close to having it paid off now. Car-Mart doesn't report to any credit agencies but I have very little credit history (which is why I had to go to them in first place) and I would like to see this reflected on my credit report.
I've heard rumors that you can contact the credit bureau and ask for a form to have your creditor fill out that can then be reported back to the bureau. Is this true? If so, which of the three credit bureaus would I need to contact?
2007-10-08 05:37:25 · 5 answers · asked by ? 3 in Business & Finance ➔ Credit
Auto finance is what I do for a living and you need to contact all three bureaus and ask them for the forms.
Now, even if you get this account added, the only things that will show are the opening date, closing date and the amount borrowed. No payment history, so it really will not help you much.
2007-10-08 05:46:44 · answer #1 · answered by ? 7 · 3⤊ 1⤋
You can ask the credit bureau to add the car loan to your report. They will charge you a fee. It won't be updated but at least it will show.
http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre03.shtm
2007-10-08 05:50:35 · answer #2 · answered by bdancer222 7 · 1⤊ 0⤋
All credit agency have different ways of evaluating credit scores. So i would suggest to contact all of them.
2007-10-08 05:42:16 · answer #3 · answered by Manny 2 · 0⤊ 0⤋
you can still use them as a credit reference when you go to get another loan but you cannot make your own credit report
2007-10-08 05:40:35 · answer #4 · answered by Hi its me again 4 · 0⤊ 3⤋
It's up to the lender to report or not. No one HAS to subscribe
2007-10-08 05:39:53 · answer #5 · answered by wizjp 7 · 0⤊ 3⤋