Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
Re: Will an auto loan help or hurt me?

It will help with age due to another TL and will add an installment account.  However it will go against you initially,  lower AAoA, add an Inq.   Also watch your DTI since you will be mortgage shopping.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!