megaton wrote:
If I were to get financing through a dealership with an outragous interest rate, and pay off the loan within 6 months to avoid paying too much interest would it still improve my situation?
NOT necessarilly. If it's a buy-here, pay-here program, they may not report to CRAs. I would check to see first. If they don't report, you could pay for 4 or 5 years, never miss a payment, and it will do ZERO for your credit rating.
Also, everything else being equal, the longer you pay on a loan, the better it improves your credit. Good luck.
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