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Do car payments build credit?

To a large degree, your credit score reflects how well you repay your debt, so timely payments on a car loan can be an effective way to build your score.* Other things affect your credit standing, too, such as how long you’ve been using credit products, but paying off an …

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Nicholas Financial eyes growth with DealerCenter partnership 

Nicholas Financial’s Chief Executive Doug Marohn is expecting a boost in dealer customers as a fresh partnership with DealerCenter ramps up. The subprime lender is slated to go live on DealerCenter next week in all markets within its 15-state footprint, primarily in the Midwest and East Coast, following a Florida …

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Your car (possibly) for the next 15 years

What will you be driving 15 years from now? Get behind the wheel of one of these models and you may have your answer. Following are the 15 new cars owners are most likely to keep for 15 years or more, according to research – well beyond the seven- to …

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Credit Acceptance sees ‘fall off’ in new dealer volume

New dealer enrollment at Credit Acceptance Corp. has experienced a “fall off” in the fourth quarter, Chief Executive Brett Roberts said during the company’s Jan. 30 earnings call. CAC signed 753 new dealers last quarter, compared with 1,032 in the prior-year period. The Southfield, Mich.-based lender expected dealer sign-ups “somewhere …

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