No its not a credit card. Only if u let it go to collections will hurt ur credit

I would think NOT, because it doesn’t DECREASE your credit score when you don’t pay it on time… So I’m guessing it doesn’t INCREASE it either.

Probably because it’s NOT a line of credit…

On time or early repayment of large installment loans will raise your credit (i.e. furniture, car, house). I raised my score in 5 years from 540 to 775 right after graduating from college starting with no job history, no established place of residence, and no established credit cards. In those five years, I purchased and paid off a car, a truck, bedroom furniture, a laptop, a school loan, and gym equipment. I only co-signed on the car to start off. Everything else was in my name only. I paid everything off well before the due date and I didn’t move once during those five years. A proven history of responsible spending that shows your ability to pay off your debts is the fastest way to raise your score. The bigger the purchase the better. Also, I have never noticed a negative impact with having too many credit cards. I have 15+ (most of them are hibernating in my safe). As long as the active balances are paid off each month, your credit score will not be negatively affected. In fact it will improve.