Archive for April, 2018
How do late or on-time car payments affect your credit?
Here at J.D. Byrider, we know that life can get crazy sometimes, and that can make an impact on your credit score. There are a number of different ways your credit score can be lowered, including losing your job and your income, incurring unexpected medical costs, and any number of other reasons. We are able to work with you even if you have poor credit, and we want to talk about one particular way your credit score can go up or down, and that is with car payments. Typically, when you buy a vehicle, you do not pay the entire cost right away. Instead, you make a down payment and finance the rest, making monthly payments over a period of time to finish paying for the car. What happens if you cannot make a payment when you’re supposed to? How do late or on-time car payments affect your credit? (more…)