I have a question for you all.

Anonymous · ‎03-30-2015

My auto loan percentage is already low at 2.49%. If I would transfer it to another CU at 1.49% would that help,hurt, or not effect my score? I dont need to do it as it wont save many $$ but I thought maybe I would if it would help me out. All it would be doing is showing on another account (DCU) but will be marked as paid on PSECU. Your thoughts?

gdale6 · ‎03-30-2015

@Anonymous wrote:
My auto loan percentage is already low at 2.49%. If I would transfer it to another CU at 1.49% would that help,hurt, or not effect my score? I dont need to do it as it wont save many $$ but I thought maybe I would if it would help me out. All it would be doing is showing on another account (DCU) but will be marked as paid on PSECU. Your thoughts?

How long has the current loan been open?

RobertEG · ‎03-30-2015

A new inquiry to get the loan.

A new account with zero age, affecting your AAoA

A FICO loser.

Anonymous · ‎03-30-2015

@gdale6 wrote:
@Anonymous wrote:
My auto loan percentage is already low at 2.49%. If I would transfer it to another CU at 1.49% would that help,hurt, or not effect my score? I dont need to do it as it wont save many $$ but I thought maybe I would if it would help me out. All it would be doing is showing on another account (DCU) but will be marked as paid on PSECU. Your thoughts?
How long has the current loan been open?

15 months

gdale6 · ‎03-30-2015

@Anonymous wrote:
@gdale6 wrote:
@Anonymous wrote:
My auto loan percentage is already low at 2.49%. If I would transfer it to another CU at 1.49% would that help,hurt, or not effect my score? I dont need to do it as it wont save many $$ but I thought maybe I would if it would help me out. All it would be doing is showing on another account (DCU) but will be marked as paid on PSECU. Your thoughts?
How long has the current loan been open?
15 months

I agree with Robert EG on this and I would just leave well enough alone.

Anonymous · ‎03-30-2015

And that was my thoughs but I figured I would throw it out there.

@gdale6 wrote:
@Anonymous wrote:
@gdale6 wrote:
@Anonymous wrote:
My auto loan percentage is already low at 2.49%. If I would transfer it to another CU at 1.49% would that help,hurt, or not effect my score? I dont need to do it as it wont save many $$ but I thought maybe I would if it would help me out. All it would be doing is showing on another account (DCU) but will be marked as paid on PSECU. Your thoughts?
How long has the current loan been open?
15 months
I agree with Robert EG on this and I would just leave well enough alone.

Anonymous · ‎04-01-2015

What CU is giving your 1.5%?