2066: Should You Get a Car Loan to Improve Your Credit Score? Heck No! by Paula Pant
Optimal Finance Daily - Financial Independence and Money Advice
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Getting a Car Loan Will Improve Your Credit Score
Best practice? Avoid applying for credit, such as car loans and credit cards, within six to 12 months of applying for a mortgage. This affects 10% of your score. The best way to build credit is to maintain one or two credit cards,. Pay your cards in full every month or every week as I do. Never, ever, ever be laid on a payment, like ever.
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