06-04-2008 10:36 PM
06-05-2008 03:11 PM
06-06-2008 08:48 AM
antsmith101 wrote:Just a basic question that probally been asked but didnt see in forum title section.. so I got approved for auto refi from NFCU for 16k at 6.75% ($324)... my old one was 22k at 11.9% ($485)so after spending many months repairing my CR.... i'm just wondering how much of a hit will I see it my score? So it will be finish out my 2year 22k loan but creating a new loan of 16k (5yrs...)correct me if i'm wrong but i'm thinking I would probally take a 20point hit per CRA but will climb back up after like 6months???
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO