Overhaulin'

I financed a car through JD byrider how can I get another company to buy out their loan?

This is the second car I have bought from them just trying to increase my credit score. While it has worked my score needs to be higher. I would like to distrubute my credit around so it look like I have had a loan with like a bank or some place of that nature. How can I get someone to buy the loan and let me pay it through their company. I don't want to have to keep buying cars. At the same time it decreases the risk of them snatching a nice car away should an emergency arise.

Public Comments

1. Thats called "Re-financing". Most banks and car-loan lenders will do this, although most will require you have good credit or collateral to do so. Buying cars from JD Byrider is not your best option to increase your credit rating. Get a secured credit card... buy SMALL items on it, payoff in FULL every month on or before your payment due date. Open a checking account and savings account... Keep transactions going through both accounts, but NEVER let them get in overdraft. Don't apply for credit from millions of places, because it WILL lower your credit score as more people check it! Wait till you check it and see that it's what you want it to be BEFORE you apply for credit somewhere. In about 6 months, you SHOULD have substantially improved your credit score, depending on if it was "BAD" or "NO CREDIT".