Can Buying a New Vehicle Drop Your Credit Score ?

Any time you buy something on credit; it has the potential to impact your credit score. Buying a car is no exception. However, credit purchases can also positively affect your credit score. Since a credit score is a reflection of your overall credit behavior at one particular moment, buying a new vehicle will only reflect one fraction of your total credit score. Credit Scores Credit scores are a complex combination of a number of different factors. The...

Going Through Bankruptcy? An Auto Loan is Still Possible

Bankruptcy is a tough time for anybody to go through. It can be financially difficult and emotionally draining, and, if your car breaks down in the middle of the process, it can feel like you’re just facing yet another setback. But don’t assume that getting a car loan will be impossible if you’re going through bankruptcy. Bankruptcy And Car Loans It may seem counterintuitive, especially if you’re in the process of liquidating your finances or...

How Student Loans Affect Your Credit Score

We’ve become a nation of student loan debtors. We’ve all heard the saying that the only things certain in life are death and taxes. These days, one additional certainty is the student loan: increasingly, higher education is necessary for jobs in every industry. But do you know how your student loans affect your credit score? When I was a bright young thing fresh out of school, I didn’t have a clue. Going to a private school, all I knew was that I had to...