How does financing a vehicle help my credit score?
Obtaining financing on an automobile is one of the hardest types of financing to obtain. Making your payments on a auto loan obtain after bankruptcy on time, every month, can raise your credit score by over 100 points in a year. Financing an automobile after a bankruptcy is one of the most proven, fast and effective ways to re-establish credit. It also ensures that your auto payments are being reported on your credit bureaus. Often, after a bankruptcy all payments received on a vehicle purchased before bankruptcy stop reporting to the credit bureaus as soon as the bankruptcy if filed.