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Frequent Contributor
cfstr1
Posts: 436
Registered: ‎06-15-2007

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!
New Contributor
Applebee
Posts: 74
Registered: ‎05-10-2007

Re: Auto Lease

What make you think this new TL  will increase your score?
Regular Contributor
Rocket01
Posts: 226
Registered: ‎03-25-2007

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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