Money Talk: Options for Building Credit Score
Question: I am selling my car to an old friend with no credit history. (The used car salesman wanted to charge her 6.5 percent interest.) Is there a way that I can report her timely payments to the credit reporting services to help her build her credit? Answer: It’s not really practical for individuals to report payments, since subscribing to credit bureaus is expensive. The rate your friend was quoted actually isn’t bad given her...
