Will my credit score be affected if I buy-out my lease and pay it off in cash instead of getting a loan?
I don't want to lower my score in anyway as we will buy a house and do not want my score affected. Thanks!
I don't want to lower my score in anyway as we will buy a house and do not want my score affected. Thanks!
crazycat56
Favorite Answer
just like a debit card/cash purchase does not affect your credit ,if you pay cash i mean no credit card it will not affect ur credit score
Anonymous
As long as the account did not go over 30 days, there shouldn't be any reduction in your credit score. If the lease is under one year,the credit score should stay the same.
Anonymous
I'm Mrs.Helen Thomas from America i was once in the same problem like you in the past when i was looking for a loan to start up a good business, when all hope was lost, thank God for a good friend of mine in Germany who later link me up to a reliable loan company, call William Don Loan Company after meeting up with their loan requirement my loan was given to me on 2% rate without no delay? you can contact them through their e-mail:williamloan.firm@yahoo.com )or(william.don.loan.company@gmail.com? Make sure you contact him for your loan so that you can solve your problem of Finance Okay Thank.
Anonymous
your score should go up due to the reduced debt balance