07-07-2007 07:49 AM
07-07-2007 07:58 AM
07-07-2007 10:19 AM
I am wanting to purchase a used car at the beginning of 2008. I figured by waiting until 2008 the prices on the 2005 and 2006 models would go down.
I'm not sure of my actual FICO score at the moment but on my credit card account it shows a score of 677.
I have $8,000. in credit card debt right now but I can at least pay $4,000. of that off my the first of the year.
Would it be better to just keep paying off this debt over the next 6 months and then at the first of the year apply for an auto loan or get a personal loan now and pay off all credit cards and pay the loan down to $4,000. by the first of the year then apply for an auto loan?
Other than $7,000. in Student Loans I have no other debt.
07-07-2007 10:47 AM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.