About to purchase- Finance questions
Hey all, I have a downpayment on a new travel trailer and just sold my pop up last night. Thursday I will go to sign papers. They were touting 4.99% finance rates until I got the deal. Then it ju...
Forum Discussion
Your score went down because your debt to income changed. You are allowed some hits on credit checking. It used to be that you took a hit every time they ran a credit check. Not so anymore. Most lending institutions realize that when car shopping dealers will run a credit check to see where you stand credit wise. Sometimes you may visit 2-3 dealerships before purchasing.
FWIW my CU is @4.49 new and 5.00 for used. But those score are with top tier credit in the mid to upper 700's. 706 isn't that great. Its good but you need to be in the mid700+ to get the best rate. 850 being the top.
Interesting article on credits hits while shopping for something.
http://classroom.synonym.com/much-credit-check-drop-score-6813.html
FWIW my CU is @4.49 new and 5.00 for used. But those score are with top tier credit in the mid to upper 700's. 706 isn't that great. Its good but you need to be in the mid700+ to get the best rate. 850 being the top.
Interesting article on credits hits while shopping for something.
http://classroom.synonym.com/much-credit-check-drop-score-6813.html
