Yes, for the better. Any loan that is paid on time or paid off is a plus.
No, it does not affect your credit score at all.
Absolutely it does! Your credit score is used by credit agencies to determine the amount of risk they are taking on. If your credit score is bad or low then you auto loan rate will be higher. However, if your credit score is good or high then your auto loan rate will be lower.
With a reposession on your credit report it is almost impossible to get another auto loan unless you have not had any negative reports after the repo and you have at least 30% down. It probably lowers your credit score by 100 points.
A credit score under 600 means that you will be paying a higher interest rate when it comes to auto loans. Anything above 700 means you will get better rates.
Auto insurers take a credit score provided by one of the three (3) credit bureaus and then they add characteristics that would not be present on your credit score to come up with an internal score. The auto insurer does not need to tell you what your credit score was, however, they do need to let you know which credit report (and associated score) was used to arrive at their decision. There are a number of service provides that provide access to your credit score. A few of these service providers are represented in the related links section.
If you pay off an auto loan this will increase your score, but keep in mind that when you pay an installment loan the account will be closed; which decreases your score. So, at the end of this process you will not loose nor gain anything from this. The only thing that you will gain is that fact that you will no longer have to deal with late payments; which decreases your score.
Yes, a medical bill is like anyother bill and it will drag down your credit score like if you didn't pay a credit card or auto loan.
if your payments are made on time, and your lender reports to credit bureau, your credit score might decrease, because your lender didn't report your auto loan. however, once report is made by your lender, following month your credit score will jump a little.
If the previous payments have been paid on due dates and not late. Paying each note on time is the greatest factor in credit scores. No, do not pay it off early. It looks better on your credit score if you pay it off by the deadline. Tip: Always pay a little more than the minimum payment.
To improve you credit score for an auto loan, you need to pay off your bills on time. You should pay off your debt. You should not take out additional credit and you should check your credit report.
One can find a credit score calculator and estimate his/her credit score on Calxml. The result depends on one's mortgage, auto loan, student loan, credit card, etc.
the acurate auto loan you need is at least 750