I had a Becon Score of 648 last night, I just got aprroved for a no money down 0.9% car loan. That one hit took me down to 643! I am so glad I did the car loan first before the insurance quote. I knew an inquiry would hurt but damn! 5 freakin points4 inquiries can make the differene between prime and subprime. .....moving on up ;-)
Who did you get your car loan through? I have a score of 644 and looking for a new car. I don't want to have all of these loan locations pulling my credit to try and get the best rate?
I am in Atlanta and I got it through Nissan's financing arm. 2002 Maxima SE, sunroof , leather, Bose system all for 488.00 a month !!!!! you can't beat that deal with a stick! Blaaaaaaaaaccccccccccck ba-be! THINGS on the Loan App (internal scoring) everything jives on the CR Residence 15 yrs Job 5.6 No rent or mortgage payment (hidden) ratio credit utilization of 25%(ie 75% available) the only reason my score is not higher is because of too many inquiries 5 yes 5 in the last 12 months I have 2 student loan collection accounts on that report from 98 they seem to no be hurt me that much. Just a little to go on....hope it helps!
I have a TON of inquiries, 9 hard in the last 12 months. Just bought a house in Dec and of course we did a lot of 0% fiancing with Home Depot and Lowes. That is what's hurting me. I wonder if I would qualify with this. Job 8 years Residence-very new but perminant. Income to debt ratio-Is high right now because everything is in my name including the house because we got a better rate with just me. I am really looking for a good rate. Last question, I have a copy of my credit report could I take that into dealerships and have them tell me what I could get instead of the pulling my credit? I really don't want them all pulling more inquiries I already have enough.
Plus I get a Nissan, GM or Chrysler supplier discount which equals to about $900 on $20000, plus about 3500 down payment. What I really want is a great interest rate!! One last thing, how do you hide a morgage payment?
sweetchild i would say HOLD OFF for a few months if you can, you will no doubt be able to get a car but the interest rate will be JACKED....it sounds like you are a little overextended now, which is often the case with a new house. I got my mortgage from a private investors group and they do not report. I am cleaning up my credit so i can get a real mortgage. No dealer is going to take your report, they will pull a hard inquiry....no way around it.
