When you apply for an automotive loan, the payments you make are reported to your credit bureau’s. As time goes by and you consistently make those payments on time, you begin to build a rapport with the lender and credit bureau’s which result in your credit score increasing. Over time this can potentially repair your credit. If you are unsure as to why your credit score isn’t increasing, it does not hurt to speak to one of our credit specialist..
When you submit an online application your credit score will not be impacted.
When applying for any loan or source of credit, it is necessary to have a credit check as part of the approval process.