Thread: Bike Financing?
View Single Post
Old July 12th, 2011, 11:33 AM   #63
drowe531
ninjette.org guru
 
Name: David
Location: Burlington, MA
Join Date: Mar 2010

Motorcycle(s): 2004 Ninja 250 (sold); 2008 Plasma Blue Ninja 250

Posts: 364
Quote:
Originally Posted by ichibunkid.206 View Post
If you are looking to use the motorcycle loan as a way to build, re-build your credit rating taking the loan out on the bike and paying it off in a short time.. say 6 months or less really won't help re-build your credit score a great deal.. don't get me wrong it'll help, but what the credit bureaus look at is your history
History is 1 of 5 things that make up a fico score. And while there is some information on how heavily things are weighed there is still some secrets and unknowns in the formula that affect the score.
drowe531 is offline   Reply With Quote