New Member
Posts: 1
Registered: ‎08-20-2007

lot of installment loans... can i keep fico up?

I am looking for some advice. I currently have an auto loan w monthly payment $777. I have been paying for one year and credit scores are good.... ranging from 763-793. I just leased another car for $1100 per month.
I have four cards with about $45,000 with no balance carried. Do you think this second auto loan is going to cause my credit to tank? Don't really care about score except to keep insurance rates down. I would like to achieve 800.

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