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Auto loan and credit score

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lewdog
Established Member

Auto loan and credit score

I have never had an auto loan before, but USAA said I was pre-approved for one and I have 700 scores. Would it help my credit score if I took the loan, deposited it and paid it off quickly?

Message 1 of 3
2 REPLIES 2
john398
Senior Contributor

Re: Auto loan and credit score

You cannot take an auto loan without buying a car, you cannot just deposit the money

Message 2 of 3
lewdog
Established Member

Re: Auto loan and credit score

Thats answers that...Thank you

Message 3 of 3
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