Is car credit legit car service?
Yes, but it charges rediculously over-inflated interest.
Many car dealerships offer financing for people with bad credit or no credit history. These loans will have a higher interest rate because a person with a bad credit history or no credit history is considered are often considered to be high risk. Checking with a local dealership will determine if the offer this service at their location.
A primary benefit is the improving of credit score for an individual. By keeping good credit, the score goes up and helps immensely in important life acquisitions such as car leases, house payments, etc. Banks will be more likely to offer good loans if the person's credit score is high, and a high credit score may be achieved in part by using a credit card debt service.
How can a parent who co-signs for a car for child transfer the credit for car paid in full and in good standing to that child?
If the parent was a co-signer that means that both people have put their names on the car so it should contribute to the credit of both parties. It may take 30-90 days for the credit bureau to report it however. If it is not being reported on the child's credit it could be that the bank that financed it only reports on the main holders credit. You can find that out by calling your…