Established Member
Posts: 23
Registered: ‎05-01-2007
Consumer Finance Companies
The MyFico report said one factor causing my lower score is my use of a consumer finance company.  I'm not entirely sure that this means, but I'm assuming it's my auto loan from HSBC.  The loan is about 13 months old, I'm paid three or four months ahead on it, and have never paid late.  Am I better off to try to refinance my car with a bank/credit union instead?  How much is this really hurting my score (635)?