I want to buy a new truck in the next month or two but I was thinking of seeing if I can get a couple of CC's should I wait until after I get my new ride or does it matter?
How marginal are you? If your scores are in the mid 700s, and you have a long history, another inquiry probably wouldn't affect your rate. If you were at, say, 680, and you already had a couple recent inquiries and debt to available credit ratio above 30%, the effect of a few recent inquiries might push you into a higher rate. Try running the difference on a FICO calculator. More important is to know what your reports show, what your scores are, and have a financing quote from, say, a credit union, in case the dealer offers you a low-ball rate, but then jacks it up on you at the last minute, or after you have taken delivery. http://www.lemonlaw.com/spotdelivery.html http://www.carbuyingtips.com
