BFC Newbies Thread: 33% of the interest paid is tax delectable

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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > BFC Newbies Thread: 33% of the interest paid is tax delectable

CUNT AND PASTE: Aug 15, 2004; ~see my amazon wishlistu~

Buying a used vehicle. My credit is good but not great, and I'm being offered 9% to finance. However, I have sufficient funds to pay for the car in full (with no effect on my quality of life). Should I finance, and then pay the vehicle off at a later date to raise my credit rating? If so, how long should I make payments on the car before paying it off?

# ¿ Feb 26, 2010 21:49

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# ¿ May 4, 2024 21:13

CUNT AND PASTE: Aug 15, 2004; ~see my amazon wishlistu~

Over time, I've had a few bills I've stupidly/lazily missed. Everything is paid up now, but the damage is done.

I have no other outstanding debt (since 2007) or lines of credit (since 2005) to speak of, so that's not helping either.

Please clue me in -- what are better ways to raise my credit?

# ¿ Feb 26, 2010 22:12

CUNT AND PASTE: Aug 15, 2004; ~see my amazon wishlistu~

Thanks guys, I'll look into this and just pay cash for the car.

# ¿ Feb 27, 2010 00:29

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > BFC Newbies Thread: 33% of the interest paid is tax delectable