Complete Auto Loans shares why auto loans can help or hurt credit reporting.
Seattle, WA (PRWEB) March 09, 2015
A newly released article from Complete Auto Loans shares why auto loans can help or hurt credit reporting. Credit score is gathered from information in a credit report, and if an auto loan payment is late then this would be detrimental to credit scoring.
One point addressed by Complete Auto Loans,”Most auto loans are installment accounts. Mortgage loans and student loans are two examples of installment accounts. Because 10% of your credit score is made up from types of credit used, getting a car loan may boost your score if you don’t already have an installment loan because you'll be able to show reliability in your monthly payments”. To learn more about bad credit auto loans, visit CompleteAutoLoans.com.
To help consumers save even more, Complete Auto Loans also offers an online credit score tool that has saved many borrowers thousands of dollars. Upon completing the 60-second car loan application on their website, consumers will be given yet another chance to save thousands of dollars on their loan. For more information, visit Complete Auto Loans’ website.
About Complete Auto Loans
Complete Auto Loans is a Seattle-based company that is dedicated to helping their customers acquire national car financing. They design and develop customized no credit financing, bad and good credit loans. Voted the best for "Quality Customer Service" and "Best National Service" by thousands of people, their finance experts focus on providing their customers with the following: information and tools available for different loan offers, how to choose the best loan that fits their budget, as well as related eligibility guidelines.