No credit card required
I am on a LOA and considering options for financing a vehicle.
Just paid off all my cards so waiting for FICOs to update across all three. EX already shows over 800 but that is before the new balances are reporting.
No installment loan history. Want to use this to build installment loan history for future mortgage.
A few months ago, when my utilization was higher, I did pre-qualify with local credit union for $35k vehicle loan.
My goal is to pay down a significant portion of the vehicle loan almost immediately.
What expectations should I have when seeking financing while on LOA?