Does one main financial affect your credit score?

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asked Jun 20, 2019 in Credit by splacedPA (210 points)
Does one main financial affect your credit score?

1 Answer

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answered Jun 21, 2019 by Minty (132,850 points)
Yes One Main Financial will affect your credit score and if you get a One Main Financial Loan and pay back the loan on time your credit score will increase.

So if you do get a One Main Financial Loan make sure you can pay back the loan because if you cannot pay the One Main Financial Loan payments back on time then it will be reported as missed payments and then your credit score will drop.

But paying the One Main Financial Loan on time helps to build your credit score so if you have poor credit you can usually get a One Main Financial Loan pretty easily and then it will improve and build your credit score.

I've built up my credit score by taking out a One Main Financial Loan and now I can easily take out other loans as well.

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