My current experian credit score is 637. If i finance a car loan will it bring my score up?

Answers:7   |   LastUpdateAt:2012-10-24 16:47:03  

Asked at 2012-09-18 07:39:02
I just got approved for two department store cards and was rejected by one or two large . I know the fact that lenders are reviewing my credit score affects , but with the car loan will make the score down ?
Answer1DeAr_MAnswered at 2012-09-25 20:51:05
Your score will rise , but what is down credit checks and worst of all revolving credit ... that is when you use a credit card and do not pay the balance within two months. MedlinePlus Let me remind you that the credit card is sort of here 's the money , but do not use where CANP stopped two months pay in theory and trust me .. crediot your score will continue to decline as long as there is a balance . DONE !
Answer2RenettaAnswered at 2012-09-29 14:47:03
All I know is that the more debt you have, the lower your credit score . Mine did. I always make my payments on time , but I have a lot of debt , and my score was a 750 to 613. It hurts .
Answer3vinton benjaminAnswered at 2012-10-03 08:08:26
down - because it will be another credit account in the total balance , and change your income to debt ratio , also
Answer4rasAnswered at 2012-10-05 19:08:27
Work on improving your score. Close credit card accounts . Make payments on time . Do not max out credit lines . Do not take any offer of 10 % discount for credit card dept . JUST SAY NO!
Answer5I need ENGLISH helpAnswered at 2012-10-10 10:50:08
Your score is calculated their debt to income too. MedlinePlus MedlinePlus The car will only make your score even if you pay off and your credit card will not carry a balance from month to month .
Answer6moonlightAnswered at 2012-10-15 20:16:51
It will end the ... but as soon as you start making payments on time ... and when the car is all paid , must be greater , but only if you do not make late payments .
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