Hello everyone,
Quick background, I haven't purchased a car since 2003, which I paid it off in 2008. This was my 2nd car purchase and I have very good payment history on both. Well, I just found out that my car needs major work done which could be over $6,000, so I'm going to buy a new one (a couple years old). Here's my issue: Most of my credit cards are close to max and I have 2 personal loans. So, should I pay down my credit cards or pay off one of the personal loans? I'm not sure if the loans are considered a negative on the credit application. My credit score is 675 and dti is around 40%. Thanks for your help.
3/1/10: TU: 615, EQ: 640, EX: ???
6/8/10 (LO pulled): TU: 704, EQ: 689, EX: 694
Goal Score by Oct. 1: TU: 750, EQ: 750, EX: 750
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