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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Car Loans to Improve Your Credit Score Are a Waste of Money
By focusing on your credit card alone, you can build excellent credit. Getting a car loan to improve your credit score is a waste of time and money. The more you apply for credit, especially in a short amount of time, the more your score drops. Applying for a car loan can hurt you if you're getting a mortgage soon.
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