I have a corporate car loan which has been paid on time every month for almost 2 years. I bought the car in my corporate name, but it was for my daughter and she takes care of the payments. It was not included in the BK and I would like to know if I can ask them to report to my personal credit to help my score. I already have a personal car loan that was reaffirmed on the BK and I've always paid on time.
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Just a thought....two cars reporting on your personal report might make your debt to income ratio too high and actually hurt your credit score. If you are trying to rebuild your credit to buy a house in a couple of years, debt to income ratio is very important, and one car loan that has no negatives on it, would be better, than two most likely.You can't take a picture of this. It's already gone. ~~Nate, Six Feet Under -
The corporate car will be paid off in March of 2011..just a few months from now, and the car I drive should also be paid off in no time. I could pay it off right now, but I want to build the credit and just pay each month for reporting on the credit reports.
So I should be good in a couple of years with an additional cc. What do you think?Comment
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I think that having the extra corporate car reporting for a couple of months is not going to affect your credit that positively, and I am not sure it can even be done. You have the reaffirmed car showing on your reports and that should help when you want to get another car loan in a couple of years. Get a couple of credit cards and pay them off each month. That will be sufficient for showing positive credit.Originally posted by HOMEBODY View PostLast edited by backtoschool; 09-26-2010, 09:52 AM.You can't take a picture of this. It's already gone. ~~Nate, Six Feet UnderComment
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