Yes it will bc it shows how you made payments and had no problems doing so and paid on time
Quoting Stevensmomma:Yes it will bc it shows how you made payments and had no problems doing so and paid on time
That's assuming all payments have been made on time of course. Good for you for taking steps to improve things.
If you didnt miss a payment it sure will :)
Sometimes when you pay a loan off to soon it will not help your credit I recently discovered. It depends on the size of the loan. For example if the loan was around 6 k then you would need to hold it at least a year then pay off for it to do well on your credit. To pay off sooner will not help if building up your cerdit is your goal. But if your not concerned about your credit score pay it off soon as possiable ,, it won't harm you or help you on credit other than showing your debt free on that.
Yes it will help.
Connect with CafeMom:
Switch to Mobile Site
Getting Started Guide
Frequently Asked Questions
Part of the CafeMom family
© 2014 CMI Marketing, Inc. All rights reserved.