I heard that comparing auto loans before shopping for a car is a prudent thing to do. But I’ve also heard that every time you apply for a loan your credit rating is negatively affected. What’s the truth?

I’ve applied for numerous auto loans and have been denied because I have no credit, I know no credit is better than bad credit but I really need to find a car before August. Anyone have any suggestions?

i want to get a car but have bad credit, how do these auto sales where they say bad credit no credit work?

The last time I viewed my credit report, it did not have my auto loan as paid off. I had paid it off about a week before my credit report was pulled. Does anyone know how much that will increase my credit score? My FICO score was 545 and I am wondering if it will increase significant enough to be considered for a home loan. I know the score is pretty low, but you never know with the housing market today.

I’ve had my car for 2 years now and its been set on auto draft since day one so its always been paid on time without an issue. How much does this raise my credit score? I also have a small credit card that has also been paid on time for 2 years now. I’ve always paid at least 5 times the minimum payment, never been over my limit, and always pay at least 2 weeks early. How much can this boost my credit score?

My wife and I are expecting a child soon (that’s the good news) and we need to get a vehicle with more than two doors! Due to a job loss and the following reduction in income our credit is seriously banged up (that’s the bad news) Fortunately, we are back on our feet again but the past credit issues continue to haunt us.

I have done some research, but everything that I have come across seems pretty shady Are there any legitimte auto financing options available for us?

I recently took out an auto loan for my car. I have enough to pay the car off, I just want to build my credit and I know that car credit looks good on credit records. How long do I need to make payments before auto credit will appear on my record? I have heard some people saying 6 months. The dealer (who might just want more money) said 12 months. When should I pay my car off?

Please provide support if you can (links).

I have had two checking and two savings accounts with Bank of America for a couple of years and thought I should look into their auto loans prior to going to a dealer. I am wondering though if they are able to look at actual transactions or just view balances when doing the credit check. I assume any other place wouldn’t have access but since my account is with them is that something they may do?

Any info would be great!