Nissan 370Z Forum  

Credit Question ??

Currently looking at getting a Z within a couple of months and I have a question reguarding Credit. I have 1 auto loan which will be paided off within this

Go Back   Nissan 370Z Forum > Nissan 370Z General Area > Nissan 370Z Pricing / Ordering Discussions


Reply
 
LinkBack Thread Tools Display Modes
Old 05-26-2009, 02:26 PM   #1 (permalink)
Base Member
 
Join Date: Jan 2009
Location: Texas
Posts: 69
Drives: 98 - 240sx
Rep Power: 16
Izzoh is on a distinguished road
Send a message via Yahoo to Izzoh
Default Credit Question ??

Currently looking at getting a Z within a couple of months and I have a question reguarding Credit. I have 1 auto loan which will be paided off within this month and another which will be paided off in about 3 months which should clear about 30k in total worth of loan debt off my record my current score is 700. About how much of an increase do you think I can expect to see. Just trying to see it it'll be worth it wait it out and clear it all up to get a big bump up or if its not really going to make a difference I would just buy sooner.
Izzoh is offline   Reply With Quote
Old 05-26-2009, 02:32 PM   #2 (permalink)
Enthusiast Member
 
fly yellow's Avatar
 
Join Date: May 2009
Location: Baltimore, MD
Posts: 455
Drives: 09 yellow 370z
Rep Power: 265
fly yellow has a reputation beyond reputefly yellow has a reputation beyond reputefly yellow has a reputation beyond reputefly yellow has a reputation beyond reputefly yellow has a reputation beyond reputefly yellow has a reputation beyond reputefly yellow has a reputation beyond reputefly yellow has a reputation beyond reputefly yellow has a reputation beyond reputefly yellow has a reputation beyond reputefly yellow has a reputation beyond repute
Default

You may actually get a decrease since you are closing out 2 accounts that I am assuming you have paid as agreed. The theory of relativity is easier to understand than how your FICO score is derived.
fly yellow is offline   Reply With Quote
Old 05-26-2009, 02:36 PM   #3 (permalink)
A True Z Fanatic
 
ChrisSlicks's Avatar
 
Join Date: Mar 2009
Location: North East
Posts: 6,203
Drives: 09 370Z Sport M6
Rep Power: 653
ChrisSlicks has a reputation beyond reputeChrisSlicks has a reputation beyond reputeChrisSlicks has a reputation beyond reputeChrisSlicks has a reputation beyond reputeChrisSlicks has a reputation beyond reputeChrisSlicks has a reputation beyond reputeChrisSlicks has a reputation beyond reputeChrisSlicks has a reputation beyond reputeChrisSlicks has a reputation beyond reputeChrisSlicks has a reputation beyond reputeChrisSlicks has a reputation beyond repute
Default

You're credit score isn't likely to change (much), however your debt load will be changing which is just as important as your score.
ChrisSlicks is offline   Reply With Quote
Old 05-26-2009, 02:52 PM   #4 (permalink)
Base Member
 
Join Date: Jan 2009
Location: Texas
Posts: 69
Drives: 98 - 240sx
Rep Power: 16
Izzoh is on a distinguished road
Send a message via Yahoo to Izzoh
Default

Quote:
Originally Posted by fly yellow View Post
You may actually get a decrease since you are closing out 2 accounts that I am assuming you have paid as agreed. The theory of relativity is easier to understand than how your FICO score is derived.
lol ... that certainly is true. I'm in the process now of doing a little credit research I'll share what i find and see if it makes sence.
Izzoh is offline   Reply With Quote
Old 05-26-2009, 03:59 PM   #5 (permalink)
Track Member
 
Join Date: Mar 2009
Location: Kentucky
Posts: 794
Drives: 09 BLK 370Z
Rep Power: 17
Anatoray is on a distinguished road
Default

Everything affect credit score, and every company has a different system for measuring up your score and history for their means. For example, my score is 720 average amongst the 3, but I can't get a card, loan, or finance plan to save my life ATM since I just got the Z on the last day of Feb, and my score actually went UP after getting the car.
Anatoray is offline   Reply With Quote
Reply

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Question about oem ECU Black kNight Tuning 9 07-13-2009 12:08 PM
Factory Nav. Question CrownR426 Audio & Video 5 04-22-2009 01:08 AM
Question??? Xavier Raymond Nissan 370Z General Discussions 1 03-31-2009 11:01 AM
7AT Question sbkim Engine & Drivetrain 5 03-06-2009 03:22 PM
Links about credit Score with Auto Industry Option! Asheth Nissan 370Z Pricing / Ordering Discussions 7 01-06-2009 04:59 PM


All times are GMT -5. The time now is 01:40 AM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.0 PL2