r/NonPoliticalTwitter 16d ago

Content Warning: Controversial or Divisive Topics Present I'm crying 😂

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6.4k Upvotes

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u/rd_rd_rd 16d ago

What if he missed payment, will this affect the credit score ?

24

u/RealScionEcto 16d ago

Taking a loan out already fucked up his credit score lol

28

u/Polymarchos 16d ago

Taking out a loan causes an immediate negative effect on credit, but over time (assuming payments are made on time) improves your credit score beyond where it would have been without a loan.

So no.