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Auto Lease

Frequent Contributor

Auto Lease

Hi Guys, Just wondering how soon before my auto lease begins to reward me with score jumps. I opened it in March 07 - no lates - always early. I know that initially the score takes a little bit of a tumble, but when can I expect to see significant change. My fourth payment reports this week. Thanks!
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2 REPLIES
New Contributor

Re: Auto Lease

What make you think this new TL  will increase your score?
Message 2 of 3
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Regular Contributor

Re: Auto Lease

I just got a new car a month ago.  I took about a 10 pt drop, and I'm hoping it will help after 6 months.
 
btw, It helps credit score through type of credit mix and establishing a good payment track record.  Especially important for those starting out with a thin file or reestablishing credit.
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