Last month Fair Isaac Corporation started no longer allowed authorized account users as being part of the fico score...
I have never heard of this. I had a 3-year loan and I think it worked out for me. And it makes no sense to take a longer term and pay more money just to try to get a better credit score.
She should not pay on a vehicle for less than 4 years. It takes 4 years of payments for any account to become well established. Any account is considered new until it reaches 12 motnhs (1 year) worth of payments.
Did I hear snowballs mentioned? Wasting money on interest seems to be a Dave Ramsey speciallity!
And it makes no sense to take a longer term and pay more money just to try to get a better credit score.