 TITLE: Buying a New Car? Here’s What You Need to Know CONTENT: Impacts on Your Credit\n----------------------\nA car loan can be good or bad for your credit, depending on how you handle the monthly payments. Because your payment history is the most important factor in your credit scores, paying on time every month can have a positive influence on your credit scores.\nOn the flip side, missing a payment by 30 days or more can potentially have a significant negative impact on your credit scores. To ensure that your auto loan only helps your credit scores, consider setting up automatic payments. END