@heygirlhey wrote:Hi Everyone,
Here is my dilemma, in the fall I would like to get a new (or new to me) car. I want to get a great interest rate so I already know I will be going thru a credit union. My question is how can I best maximize these next 7 months so that I can have credit scores that will insure a great intrest rate?
I've newly acquired the credit cards in my siggy and will have a balance reporting on only the Discover. I was recently denied AMEX and the score said 659EX. The other scores are (each from approval or denial letters) 745EQ, and 660TU. Those will probably take a dive now right? How soon will they bounce back?
Thanks in advance for your helpful responses!
If these are all the cards you have then you are likely to see not so big of a drop due to score increases from adding new accounts. Best way to raise your score is to use them pay them all off before statement cuts with the exception of 1 that you will let report 1-9% of its individual CL. I would also be working on any negative items that appear in your credit file during this period of time as well. Good luck 
