Credit Cards

[NiNoMArksLA]

Hello I went to Chevy dealer and he run my credit 10 times from banks and thats 10 Inqs I didn't want that but what am I gonna do I got a 16k auto loan from Santander 24.9 I know its a high apr gonna pay it for a 1 year get good auto credit then trade it in cheap payment of $493 only $500 down but I wanted know cause my bofa secured card gets reviewed on Feb-2013 and they might decline me know for having total of 21 Inqs and my capital one got a CLI from $300 To $500 Limt from credit steps so that's was a plus there and my Macy's I wanted to ask for a CLI But my score went down alot 549 so just gonna wait intill they age and let me other cards age

[shorrttyycm1]

Och...that's a high apr! But i think you have a solid plan, good luck! I thought that all auto inqs within 15 days only count as one? Idk i could be wrong

[webhopper]

Sounds like you have a good plan.

[NiNoMArksLA]

No it shows total 21 Inqs only had 11 or 12

[Mike360]

Did you really need a new loan. I hate to say it but you got ripped off. I'd wait a good year before even thinking about applying for stuff again.

[j_casteel]

hope everything works out for you and you're able to get that thing refi'd soon. That's going to be nearly $30k on a $16k loan!

Good luck.

[Creditaddict]

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NiNoMArksLA wrote:
Hello I went to Chevy dealer and he run my credit 10 times from banks and thats 10 Inqs I didn't want that but what am I gonna do I got a 16k auto loan from Santander 24.9 I know its a high apr gonna pay it for a 1 year get good auto credit then trade it in cheap payment of $493 only $500 down but I wanted know cause my bofa secured card gets reviewed on Feb-2013 and they might decline me know for having total of 21 Inqs and my capital one got a CLI from $300 To $500 Limt from credit steps so that's was a plus there and my Macy's I wanted to ask for a CLI But my score went down alot 549 so just gonna wait intill they age and let me other cards age

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I see the good things you are doing on your credit and agree with much of your plan but what is still on your file that has your score in the 500's?

I wouldn't worry about BofA and INQ.

[nicholasyud]

that's a lot of inquiry man.....

I would consider to go for some Credit Union for loans.......but sound like you had a plan.......I would paid as much as possible then leave a lil balance on your loan and spread it out at least 2 to 3 years.......

[FinallyBetterCredit]

24.9? WOW .... Good luck and make sure you refinance as soon as possible.

[Creditaddict]

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nicholasyud wrote:

that's a lot of inquiry man.....

I would consider to go for some Credit Union for loans.......but sound like you had a plan.......I would paid as much as possible then leave a lil balance on your loan and spread it out at least 2 to 3 years.......

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at 25% I wouldn't leave $100 on a car loan!

OP just work on the negatives that remain or what ever else is bringing you so far down... someone with only 3 credit cards and opening a new car loan that is in high 500's,low 600's would usually see a huge score JUMP UP not down... so little confused... but assume an auto loan is good for you so should rebound quickly.