[Read: Buying a Car with Bad Credit] Your Credit Score. FICO may not be the only credit score, but it is most likely the one used by your lender. While credit reports can be obtained for free, you must pay a nominal fee to retrieve your credit score. What is considered excellent credit has everything to do with the car loan you are seeking. read more
What this loan does for YOU, as a newly responsible credit builder, is give you a chance to repair your credit and work towards the goal of obtaining a loan with a better interest rate. After two months of having the loan, and only one installment completed, my TransUnion score has increased to 613 and Experian and Equifax are going up as well. read more