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Smart Shopper Credit Scores and Vehicle Financing
935 messages, Last post on Jul 28, 2009 at 1:12 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: cadillacmike (Jul 01, 2009 9:31 am) Yes, but you have no idea how many before you refrained from making such a silly comment.  tidester, host SUVs and Smart Shopper |
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Replying to: oldfarmer50 (Jul 01, 2009 3:37 am) |
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Replying to: cadillacmike (Jul 01, 2009 9:45 am)  I think it depends on how far you are in debt. If you are way over your head, get those little victories by paying off the smallest debt can keep you going. Again mathematically, you all are absolutely correct. But sometimes it's more than crunching numbers. Stay safe.
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Replying to: cadillacmike (Jul 01, 2009 9:45 am) True, but I believe the credit raters also look at your available credit vs. your income as part of the calculation. If you have 8 credit cards with $5K of available credit they may ding you just because you "might" run up $40K in debt. Better to get rid of the ones you don't need...less temptation. |
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I have a question regarding credit scores and car loan criteria. I checked my 3 credit scores and they range from 745 to 770 but I really don't have any major loan history. I have one active credit card with a modest balance. I closed the other two cards I had a few years ago - I just wanted one to deal with. So, I'm thinking my scores are good but will the lack of other major items on my credit report be a bad thing? Or should I qualify for the low interest loans? 
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Replying to: tazzi (Jul 01, 2009 4:33 pm) If not, the big banks may not accept you,regardless of your score. The captives probably would.
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Replying to: dtownfb (Jul 01, 2009 10:52 am)  But, partly as a result of not being able to spend any money out here (except on Canons from ebay) I have low or no interest on ccs and can get them all zeroed out by year end. Too bad the dealers won't take more than 3-4000 deposit via a cc (because of the bank fees), I could buy a NorthStar STS AND an XLR-V just with my available credit.
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Replying to: cadillacmike (Jul 05, 2009 10:31 am) Stay safe and complete the mission.. |
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Replying to: volvomax (Jul 04, 2009 12:02 pm) Back in Jan. 2008 I financed a car and even though I had no mortgage history and my last car loan was in 1986 I had banks, CUs and captives falling all over themselves to loan me the entire cost (including tax). My, how times have changed.
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Replying to: volvomax (Jul 04, 2009 12:02 pm) I'll be putting 30% down (at least) on the new car.
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