@amexblack wrote:make sure you make a small payment on the accounts before they report, because they report your last payment, fico looks at your latest payment as well, if they see you made such a huge payment wont do much, but if you make the small payment afterwards will help a little more
can you elaborate? while i've read that the actual amount of monthly payment is reported, wouldn't it make more sense if larger payment = higher score since it means you've got the cash?
amexblack wrote: rather then taking several hard hits on the report, and if one gives you an almost definate approval, then shop some more, get a few more off the record approvals without hard hits, and go to the one you have the best gut feeling about, and if you get approved, then you are done!!!!
i'm considering getting an auto loan as well. and i've read that regardless of how many hard pulls are conducted, only one hard pull is counted against one's credit during a 60-day period when shopping for auto/mortgage loans. maybe someone can clarify this?
thanks for the wisdom, MattH. i've learned a lot from your postings. =)
Message Edited by biturbomunkie on 05-10-2008 10:36 PM