You'll build a strong credit payment history if your lender reports monthly savings - secured loan payments to the credit bureaus. (studentloanhero.com)
A lot will depend on your loan - to - value ratio, debt - to - income ratio and personal credit payment history. (hoyes.com)
You could have an excellent credit payment history, with multiple lines of credit going back many years, and still get turned down for a loan because of a high credit utilization ratio. (ovationcredit.com)