Buy a GTR or a House?

birdmanx1 · 09-10-2011, 10:19 PM

If you are trying to build credit, having a payment history helps. To be realistic, you won't have built enough credit a year or even 1.5 year away from now for banks to give you a loan on your own. Car loan won't be a negative if debt/asset ratio is low. Applying for a credit card with low limit now would be a good start and paying it monthly would help establish credit history. For a loan, banks don't only rely on your actual credit score, your FICO score often takes highest precedence in their decision. I'll give you all the beans when I talk to you/see you. I'm out baller

b1adesofcha0s · 09-10-2011, 10:20 PM

Quote:

Originally Posted by birdmanx1

If you are trying to build credit, having a payment history helps. To be realistic, you won't have built enough credit a year or even 1.5 year away from now for banks to give you a loan on your own. Car loan won't be a negative if debt/asset ratio is low. Applying for a credit card with low limit now would be a good start and paying it monthly would help establish credit history. For a loan, banks don't only rely on your actual credit score, your FICO score often takes highest precedence in their decision. I'll give you all the beans when I talk to you/see you. I'm out baller

Thanks bro, appreciate it! Repped for all the help, you to Steve.

09-10-2011, 10:19 PM	#1 (permalink)
birdmanx1 A True Z Fanatic Join Date: Jun 2010 Location: Baltimore, MD Age: 96 Posts: 3,175 Drives: 370z Nismo Rep Power: 24	If you are trying to build credit, having a payment history helps. To be realistic, you won't have built enough credit a year or even 1.5 year away from now for banks to give you a loan on your own. Car loan won't be a negative if debt/asset ratio is low. Applying for a credit card with low limit now would be a good start and paying it monthly would help establish credit history. For a loan, banks don't only rely on your actual credit score, your FICO score often takes highest precedence in their decision. I'll give you all the beans when I talk to you/see you. I'm out baller __________________ 370Z NISMO #0462 \| ClearBra \| 3M tint \| Head/Taillights \| Dynamat \| Black Roof \| Tommy Kaira HB \| CF Parts \| Berk HFCs \| FI SS \| NST Pulleys \| Takeda aFe \| K&N \| H&R Spacers \| Swift Spec R \| SPC F&R \| Zuperman M370 Nismo Vid \| Nismo Journal \| Nismo Rumble

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