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Posts Tagged ‘Benefit’

 

How long should I make loan payments before it will build my credit?

Tuesday, March 24th, 2009
jimbob66 asked:


I recently applied for an auto loan to start building some credit. I have the money to pay it off right away, but I was waiting to start building my credit. Is there any benefit to taking months to pay it off or is just having a loan enough to build credit? Is there a good amount of months to wait to pay it off?

Kim
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