Q:

Can using Credit Acceptance Corporation-approved car dealers improve my credit rating?

A:

Quick Answer

Financing a vehicle through Credit Acceptance Corporation gives you the opportunity to make payments that help you build credit or repair a poor credit rating, explains Credit Acceptance Corporation. The company works with participating auto dealers and specializes in gaining approval for financing regardless of your credit history.

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Full Answer

Credit Acceptance Corporation starts by connecting you with dealerships that agree to financing, even under less-than-favorable circumstances. The company then reports your payments to Equifax, Experian and Trans Union. Because your account activity is reported to the three major credit bureaus, all payments made on time positively impact your credit score, according to Credit Acceptance Corporation.

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