Sentences with phrase «tracks auto loan rates»
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Even if they have a stellar generic score, their auto score can be lower if they missed a car loan payment or never had a car loan, which could leave them with a higher interest rate than expected, says Barry Paperno, a credit expert at Credit.com, which tracks consumer credit issues, and a former manager at FICO.
https://www.marketwatch.com/
Making auto loan payments will allow you to keep that great car or truck you just bought, but for those who need more of an incentive to be on time with auto loan payment checks, a good track record on your auto loan will also be likely to help you increase your credit rating.