Making a timely car payment is a quicker way to improve your credit score because
* the payment amount is regular (not like credit cards)
* the dollar amount financed is higher (better for your future lenders to see)
* the on time payments show a pattern of consistent payment history
* once your first car is paid off, you can upgrade your vehicle to a more expensive one and improve your score even more
So, the advantages to you are clear and tangible. It costs CarLotta Credit both time and money to report our customers scores. We do it, because we think it is one of the ways to help those people who really do want to improve their credit.
Let us know what you think.
CarLotta, www.carlottacredit.com
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