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auto loan

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Anonymous
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auto loan

Does a car loan from Ford motor credit have a negative impact on your credit rating versus a loan from a bank?

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04Cobra
Frequent Contributor

Re: auto loan

Not unless you're late on payments, then no. Is the loan from the bank a personal loan/car loan? If so, they're considered installments and have less impact on your credit than a revolving credit card. 

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