So, I recently refinanced my truck through the original lender at a much better rate. I knew there would be a possible hit on my credit in doing so, so this morning's 10 PT drop is no surprise. But here's my question:
On my CR, it shows the original loan (opened in November) for $15,321 as paid and closed, and the new loan for $15,210 as new and opened last month. What are the long term ramifications of this? And is this CS drop temporary, or will it last a while due to the nonexistent maturity of the new loan?
Thanks!
On my CR, it shows the original loan (opened in November) for $15,321 as paid and closed, and the new loan for $15,210 as new and opened last month. What are the long term ramifications of this? And is this CS drop temporary, or will it last a while due to the nonexistent maturity of the new loan?
Thanks!
Roger that. Thanks for the response.
I agree with sccredit!
The only other thing it can affect is AAoA but I would not worry about because it too will recover with time.
If you had anything else you wanted to apply for I would say for for it now. That way you can get what you want and go in the garden for a while. Next time you want to apply for credit those inq. will be a distance memory.
The only other thing it can affect is AAoA but I would not worry about because it too will recover with time.
If you had anything else you wanted to apply for I would say for for it now. That way you can get what you want and go in the garden for a while. Next time you want to apply for credit those inq. will be a distance memory.
