A well paid car loan is one of the easiest and fastest ways to rebuild or establish your credit. Unlike credit cards, secure loans such as car loans can have a significant impact on increasing your credit score. Approximately 75% of your FICO score can be impacted by paying a car loan well over time allowing what you drive back and forth to work to also help you rebuild or establish your creditworthiness. No one can “fix” or “repair” your credit score in an instant, but experts in the credit field agree that well paid installment loans, such as car loans, show that those past bumps in the road are behind you. At P.C. Motors in Plant City, Florida, we have programs to help you rebuild or establish your credit simply by making your car payments on time. Remember, banks report all payments to the credit bureaus, good and bad. So it is important to use this opportunity to build your credit by paying on time. Ask us about other ways your car loan through one of our lenders can help you rebuild your credit.