Re: Need help understand
ing a closed auto loan while opening a new auto loan.
10-22-2012 01:25 AM
Scores improve over time. Paying loans and cc's off on time will assist in keeping your score more stable and then a gradual ascent as the baddies, collections, and late payments begin to age and fall off. AS always ymmv dependant on your complete credit profile.
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)
Remember the Three P's: Pay early in Full, Pay on Time, Patience