- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Car Purchase
Posted on 1/30/15 at 11:34 am to arcsaints42
Posted on 1/30/15 at 11:34 am to arcsaints42
Between the two options you mentioned; paying cash or paying off a loan in short order, the latter would have a more positive effect on your credit score.
If paying cash is an option, you probably don't need to worry about the impact on your credit score. Once it is good, there are diminished benefits of making it the best ever.
If paying cash is an option, you probably don't need to worry about the impact on your credit score. Once it is good, there are diminished benefits of making it the best ever.
This post was edited on 1/30/15 at 11:35 am
2
Posted on 1/30/15 at 11:52 am to Duck
quote:
IF I were to purchase a car by getting a loan, then pay that loan off within 2-3 months
What rate are you getting? If 0.9% then let it ride...use your money to make more money.
Posted on 1/30/15 at 4:04 pm to Duck
General rule of thumb is to at the very least leave the account open for 4-6 months to show a payment history.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News