Question

Do title loan companies report to credit bureaus?

If I get a title loan and pay it back on time and never miss payments will they report my on time payments to the credit bureaus?

Will the title loan help rebuild my credit score?

Answer 1

Yes title loan companies will report your payments to the credit bureaus.

Make sure you can pay off the title loan as they can take your car and even make your credit even worse.

Only get a title loan if absolutely necessary.

Answer 2

Some might report your payments to the credit bureaus but I believe most payday and title loan companies don't report the on time payments.

But they will report the missed payments which will lower your credit rating and score.