Should I repay the loan early in order to raise my score?
Date: Fri, 05/10/2013 04:25
I have a car loan. I have taken out a car loan from a lender in Das Palos. The loan amount is $15,000. The monthly payment amount is $450. I wish to build my credit gradually. However, I don’t have any intention to pay high interest rate on the loan. Should I repay the loan early in order to raise my score?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.