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Credit or Loan?

CorySoccer
Regular Contributor

Credit or Loan?

I have a motorcycle loan through Sheffield Financial.  I assumed it would be classified as an "auto" loan on my credit report. However, it doesn't show up as an auto loan, it shows up as:  

Account Type: Credit

Revolving: No

 

Yet I have a car loan through Capital One Auto Finance and it shows up as:

Account Type: Credit

Revolving: No

 

But when I look at the variety of accounts I have, it only shows one "auto" loan.  

 

Am I missing something?

 

Thanks!

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1 REPLY 1
RobertJ
Established Contributor

Re: Credit or Loan?

It's been since 2012, but when I bought my Ninja I used them.  The DMV sent me the title, and I thought it was by mistake.  So I called the salesman, and he said no worries and that the loan is a signature loan and the collateral isn't required.  



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