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Posted in Auto Loans
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Hiramlucky0918

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If I make a loan to buy me a car, will the loan go up or will it stay the same till next two year

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If you get a loan to buy a car and you make your payments monthly, as you should, youi will gradually see the loan balance decrease, and that is what you want to see.

Top Contributor
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I presume you meant will your credit score go up or remain the same.    Over time you will see an increase in your credit score.  Its based on two factors.   1.)  Timely payments.  2.)  Balance owed compared to original amount.   As the balance of the principle goes down your score will increase.   When the balance reaches 0 (Zero) you will see a credit score drop as this will no longer be credit you are managing. 

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