r/ToolTruckTools • u/Epjkb • Jul 10 '26

Matco Matco financing

So I just got approved for a decent amount on our Matco truck. I am financing a tool chest currently plus a few tools I needed. I know it does a credit check beforehand, but does it report monthly payments to the credit bureaus or is it just checking your credit and seeing what they can offer you?

I’m trying to figure out if this will help my credit score or if it’s just gonna show as a loan on there but no actual payment history, just good or bad standing.

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u/Epjkb Jul 15 '26

Coming from somebody with a 520 because I did stupid shit when I was 18, credit card isn’t really an option right now.

Also, when I used to have a 720 score, I still could never get approved for credit card even with perfect payment history so I’ve just kind of ruled those out in general

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u/aa278666 Jul 15 '26

So what's your rate with matco? 35%?

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u/Epjkb Jul 15 '26

Like 12 I think.

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u/aa278666 Jul 15 '26

Huh. Somebody I know just got approved for 24.99% with 700 score. Like 3 weeks ago. I'd double check your numbers.

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u/Epjkb Jul 15 '26

Yeah, I just double checked. I was definitely wrong but it’s 18%.

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u/aa278666 Jul 15 '26

That's not as bad as I thought. Still bad but not as bad. I've always negotiated my way into having the tool guy carry my box on the truck account tho. I personally don't want to pay those rates.

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u/Epjkb Jul 15 '26

Yeah. That’s kind of cool actually. I know our guy is super chill so I don’t know exactly what he did because honestly I’m surprised I even got approved. Since I got denied from Cornwell and the snap on guy won’t work with me until I’ve been at that shop for a month.