Fico Score Simulator for adding Car Loan

Anonymous · ‎12-20-2008

TU Currently 683, util at 27%, 9 of 9 accounts reporting balance, 1 baddie.

Baddie falls off this month, util going down to 0% - 10%, adding the two 22 year old Amex Accounts (and $10k to avail credit) so expecting bumps.

I went to SS to see how various actions would help, and for the heck of it added an auto loan for $10k. I don't have any accounts besides CCs (no mortgage, student/personal/auto loans) and that gave me a 100 point bump.

Will adding an auto loan really pop me up that much?

smallfry · ‎12-20-2008

@Anonymous wrote:
TU Currently 683, util at 27%, 9 of 9 accounts reporting balance, 1 baddie.

Baddie falls off this month, util going down to 0% - 10%, adding the two 22 year old Amex Accounts (and $10k to avail credit) so expecting bumps.

I went to SS to see how various actions would help, and for the heck of it added an auto loan for $10k. I don't have any accounts besides CCs (no mortgage, student/personal/auto loans) and that gave me a 100 point bump.

Will adding an auto loan really pop me up that much?

I doubt it but you would be over 700 easily if you got cards with balances under 5 and UT down under 9%. A car loan shouldn't add that much but who knows?

laz98 · ‎12-20-2008

wow, you are lucky! adding a car loan would REALLY hurt me!

Angie225 · ‎12-11-2010

What did you do to get your score up between 2007 and 2008?

MarineVietVet · ‎12-11-2010

@Angie225 wrote:
What did you do to get your score up between 2007 and 2008?

Hi and welcome to the forums.

This thread is 2 years old and that member hasn't logged in many months so you may not get an answer to your question.

I just wanted you to be aware of that.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".
From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".