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Question

Building credit score with car loan

Forum|Forum|7 years ago
November 16, 2018
1 reply
0 views

Ive made 4 car car payment now on a new car loan , purchased in order to create a credit history and huild my score. I just checked in and there is NO INFORMATION on my CAR LOAN existing?!?!?!

That's between you and the lender. Since it costs money for someone to put "anything" on your credit report (good or bad) most fly-by-night lenders aren't going to pay that money unless you give them a reason to. Paying on time may not be a good enough reason for them.

Then there are others that will only pay to update your credit quarterly, bi-annually or once a year.