Re: car loan
I'm in the exact same situation...have had a credit card for hte past 5 years and have paid it off in full every month. However, my credit score was only 720 or so and I couldn't qualify for the best rates...although I did manage 9%.
The only way to build up that credit score is to have varying types of credit including a car loan. Although it sucks, im basically forced to pay the interest in order to build up the credit for future purchases.
I'm planning on paying the loan off in 2 years anyways.
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