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re: Car Loan / Credit Score Question

Posted on 4/27/11 at 7:19 am to
Posted by Will Cover
St. Louis, MO
Member since Mar 2007
38591 posts
Posted on 4/27/11 at 7:19 am to
quote:

I'm about to buy a used car for $8k


quote:

I can pay for it in cash





quote:

but I really need to get some credit because I don't have any history other than a mortgage that I just started a couple months ago


You have a house and now you will have a paid for vehicle. What else do you need credit for?

Posted by Haughton99
Haughton
Member since Feb 2009
6124 posts
Posted on 4/27/11 at 7:48 am to
quote:

You have a house and now you will have a paid for vehicle. What else do you need credit for?


Your FICO score is not an accurate reflection of how well you are doing financially.
This post was edited on 4/27/11 at 7:50 am
Posted by Rush2112
Asheville
Member since Mar 2008
842 posts
Posted on 4/27/11 at 7:56 am to
quote:

You have a house and now you will have a paid for vehicle. What else do you need credit for?


I'm only 23 and because of my lack of credit and recent mortgage, I got turned down for a Lowe's credit card.
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