02-02-2012, 11:52 AM
Shopping around for a loan shouldn't affect your credit score, unless you did it over a long period of time. It dings you more to have the occasional credit check run, than a whole bunch in a row while you're looking for a loan.
Btw, you guys should carry some amount of a balance on your credit cards, if you're trying to build credit, and have the cards open anyway. If you have a 10k credit card, and no balance on it, financial companies look at that as a risk, because you could potentially get a loan on top of "accidentally" running up another 10k in debt, and then end up sinking.
Btw, you guys should carry some amount of a balance on your credit cards, if you're trying to build credit, and have the cards open anyway. If you have a 10k credit card, and no balance on it, financial companies look at that as a risk, because you could potentially get a loan on top of "accidentally" running up another 10k in debt, and then end up sinking.
2013 Cadillac ATS....¶▅c●▄███████||▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅||█~ ::~ :~ :►
2008 Chevy Malibu LT....▄██ ▲ █ █ ██▅▄▃▂
1986 Monte Carlo SS. ...███▲▲ █ █ ███████
1999 F250 SuperDuty...███████████████████►
1971 Monte Carlo SC ...◥☼▲⊙▲⊙▲⊙▲⊙▲⊙▲⊙▲⊙☼◤
2008 Chevy Malibu LT....▄██ ▲ █ █ ██▅▄▃▂
1986 Monte Carlo SS. ...███▲▲ █ █ ███████
1999 F250 SuperDuty...███████████████████►
1971 Monte Carlo SC ...◥☼▲⊙▲⊙▲⊙▲⊙▲⊙▲⊙▲⊙☼◤