I would like to know this as well. I want to buy a new car. I currently have a lease that I want to trade in for a new car but first want to see what the affects on my credit is going to be. I am going to be paying down all of my credit card debt within the next 6 months, but the amount of the lease is going to go up about 4 or $5000. I know initially my scores will go down, but will they go up to what they are now by November or December of this year if I pay off 7k worht of CC debt?
Sorry to hijack your thread.....
Thanks,
Johnny V.