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Start Building Credit Before You Turn 18

Credit Corp

At minimum, it’s good to have at least one revolving credit account like a credit card and one installment account like a student loan or car loan. When you apply for credit, lenders check your credit score and report. This refers to having a variety of credit account types on your credit report.

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A Guide to Auto Loans in 2022

Better Credit Blog

Examples include using a mortgage to purchase a home or investment property, or a student loan to get a college education. When you make the obvious connection between owning a car and earning a living, auto loans take on a whole new and more positive direction. Typical Terms for Car Loans. 10% is even better.

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