07-14-2008 01:54 PM
07-14-2008 02:08 PM
07-14-2008 02:09 PM
Sorry I must have doubled posted anyways.I have an auto loan and a student loan that I think is lowering my credit score. Right now I have the ability to pay off one of them. I'm 21 and don't have much history when it comes to credit. How much of a boost do you think I would get if I did pay off one of the loans. Each loan is around $3500.Is there any quick way to increase my credit rating?I'm looking into buying a house and would prefer to have the lowest rate I can get my hands on.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO