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i have bad credit, i was approved for a $5000 personal loan for a car, if i pay this off will it assist me in repairing my bad credit? i had a few answers to a similar question previously from people who reside in the US, i am in Australia and the credit system is a bit different, so if yo uare...

In a nut shell, i have a a bad credit history, and to my surprise i was approved for a $5000 personal loan which i am paying off and actually way ahead in payments, basically... when i have paid this off will that improve my credit history? . I know that on my credit file it will either have...