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Message: <blockquote data-quote="Emma" data-source="post: 1962837" data-attributes="member: 217714"><p>First off, good for you. This was an important step in gaining a good credit history. Depending on the interest rate you are paying on the car loan, it might be a good idea to stretch those payments out a bit. Make your monthly payment and an additional amount on the principal of the loan. This will shorten your loan and reduce the int erstt you are paying over the life of the loan. It should be a really good rate though (under 4%) You could instead, pay off the car and apply for a low interest credit card offered through your bank or credit union(always better deals at credit unions and establishing a financial relationship with one gives you an edge when it comes to futre transactions). Use the card and pay off the balance each month to avoid accruing interest. This will give you a steady report of paying your bills on time, a big factor in credit history.</p></blockquote><p></p>