Boosting Your Credit Score with an Auto Loan
Credit repair is accomplished through a two-prong approach: resolve negative items on your report while adding positive ones. Potential creditors would like to see that you can be responsible with different types of credit. Show a good record with revolving credit by applying for a new credit card and using it wisely. To show that you can be trusted with a long-term loan, an installment loan is necessary. An auto loan is the perfect vehicle for a number of reasons, as long as you manage them well.