07-27-2007 01:44 PM
07-27-2007 01:59 PM - edited 07-28-2007 10:08 AM
r92503lind wrote:Generally speaking does paying off loans and opening up new installment accounts increase your score by showing a payoff?I know account history is a variable but not including this factor I am wondering if by taking the hit for the inquiry to get the new loans if it would pay off after two to three months.Any thoughts??
07-27-2007 02:33 PM
07-27-2007 04:08 PM
What are your 3 FICO scores?
r92503lind wrote:I am wanting to refi my car loan as I have a 11.5% interest rate and on the student loans I had a call from a lender saying it would save me money by consolidating..not sure how but haven't researched either.I have waited to do anything as I was looking to buy a house but then found my score was to low to qualify for the loan I wanted so now I am wondering if it matters to wait at this point.