I've been told that I need to get a loan on my credit report to increase my credit score. I've never gotten any type of loan before.

If I get a car lease, does that count as a loan for increasing my credit score?

1 Answer 1


For all intents and purposes, a lease affects your credit score in a similar manner as a loan.

In fact, a lease often requires slightly better credit in order to get the best terms, compared to a loan.

Alternative answer to your question: research proven ways to improve your credit score. A car loan may not be the answer.


Does Leasing a Vehicle Affect the Credit Score the Same as Purchasing a Car?

How Leasing Versus Buying a Car Impacts on Your Credit

Three Things You Must Do Before Leasing a Car

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    Alternative alternative answer: if you aren't using credit stupidly or otherwise creating problems, credit rating will take care of itself.
    – keshlam
    Oct 10, 2015 at 18:18

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