Quote:
Originally Posted by Nissan370
not sure i would use a credit card to pay off a car note lol
i mean if your getting a good rate on your car loan why put it on the card
a maxed out or close to max out card never helps your credit
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If he has 14k on a car loan or 14k on a credit card, its a liabilty regardless and should not make that much difference on your credit score. As long as he's making higher than minimum payment on the credit card which he should be able to afford when getting rid of a car payment, it will actually help improve his credit rating. The main point of doing it this way is he could save hundreds maybe even thousands of dollars depending on interest rate on the car