Do subprime loans hurt credit score?


Would future lenders look with scorn at it?

Would it lower my credit score in the long term?

EDIT: I am yet to take out this loan.

In: Economics

How did you perform on it? Did you keep up with payments or default?

Taking out the loan doesn’t really impact that much a greater impact would be if the repayments were late.

Subprime loans are reported by business name. They don’t say Loan, subprime 1 of 1. They report the name of the issuer and your payment history, loan amount, and paid off/delinquent/etc.