cancel
Showing results for 
Search instead for 
Did you mean: 

Credit Card vs. Auto Loan

tag
raydmercer2345
Regular Contributor

Credit Card vs. Auto Loan

Hi eveyone! I am looking to apply for an auto loan with NFCU soon. How will new CC accounts and inquiries for CC's affect my auto loan app? Should I apply before 3 of my new accounts start reporting? I would like to apply for Chase credit card and Care Credit but not sure if I should hold off until after I apply for auto loan. Any help is greatly appreciated. Thanks!

Message 1 of 3
2 REPLIES 2
BarryNTexas
Established Contributor

Re: Credit Card vs. Auto Loan

FYI - I applied for CC, NavChek, and Auto Loan (Refi) all on the same day.   The Auto Loan was with a different department and resulted in separate HP.  This activity had no affect at all.  Go for it. 

 

 

DC Prem 20K | DC Elite 20K | PenFed Visa 25K | NFCU Sig Visa 25K | NFCU Flagship 25K | AMEX Delta 25K & SPG 15K
RBFCU MC 20K | Barclay's RMC 11.5K & Ring 22K | Chase United 30K | Chase Hyatt 8K | Citi AA 15K | Citi DC 15K
Discover it® 27K | JCPenney MC 22K | Home Depot $9K
EX/796 EQ/794 TU/802 GOAL: Break 800
Message 2 of 3
raydmercer2345
Regular Contributor

Re: Credit Card vs. Auto Loan

Thanks barryntexas. I already have a 2 NFCU CC's and LOC. I really want to app for chase sfp and care credit but not sure if I should pull the trigger on those before I apply for auto loan with NFCU.

Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.