Do I have to wait??

[Anonymous]

I have recently checked my credit score and it is a 660 from equifax. I want to lease a car. Since I checked my score in late June, I have paid off 6500 in credit card balances. should I wait until they report this...or does it not matter? I do not owe anything on my current car, that was paid off in january. I keep readin about the auto loan scoring and how it could be better that the regualr score. I was never late on my old car loan. What should I do?

[fused]

It's highly likely auto-enhanced scores will be pulled, but it's not guaranteed. How much does this payment of $6500 lower your overall and individual CC utilization?

[Anonymous]

This will take all of my revolving credit balances down to 0.  The only thing left will be student loans. It says right now I am at 25%. When the payment shows up I guess it will go down significantly?!

[Anonymous]

Yes, let the payments post then go apply....It could get you into the 700's.

....and just remember to make a small charge each month and pay in full after it reports and your scores will continue to climb!

[Anonymous]

Thanks for the advice! I can wait till the end of the month. I definately did not want to go in there with a low score. It is so embarrassing!