Will Leasing a Car look like outstanding debt on my credit history?
I am thinking of leasing a car but am not sure if the amount that I will eventually pay over the life of the contract shows up on my credit report as if it were an outstanding balance such as a credit card balance. What I am trying to do is pay off my credit card debt so that it will not affect me when I apply for a home or investment property. My credit score is not a problem at all but I know that lenders consider the outstanding debt on your credit history and your debt to income ratio. Anyone have any idea?
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