 TITLE: What to Know About Subprime Loans CONTENT: How Do Subprime Loans Affect Credit?\n------------------------------------\nAs with any other loan, a subprime loan can have a positive effect on your credit score, as long as you make your payments on time. That said, it can have the opposite effect if you miss payments or default on the loan altogether, so it's important to have a repayment plan in place.\nAlso, it's important to check with a lender before you apply to make sure they report your account activity to all three national credit reporting agencies. That way you can ensure you'll get credit for maintaining the loan responsibly.\nSome lenders only report to one or two credit reporting agencies, and some might not report at all. If a lender doesn't report to all three, it may be worth looking elsewhere to ensure that your hard work gets the credit it deserves.\nAlso, keep in mind that if you manage your subprime loan well, it can help improve your credit score and give you a better chance to qualify for a prime loan with better terms the next time you need to borrow money. END