0% credit card or car finance (Credit Rating)

mm0bul

Hi all,


I would like to ask hopefully a simple question for you.


I'm looking to buy a second car, there are two options to pay for it a 18month 0% credit card or having car finance. If I went for the credit card option I would setup a standing order equivalent to the car loan each month which would be significantly greater than the minimum payment?


The question I have, what would look more favourable for my credit rating.


Craig

Tixy

Hi

Depends what you mean by favourable for your credit rating?
From what point of view? what other credit might you be looking to get before this account is repaid?

Thrugelmir

mm0bul wrote: »

The question I have, what would look more favourable for my credit rating.

Could you clarify your question.

Credit reports are in essence factual historic records. Lenders will use the data contained therein in line with their business policies.