Archive for March 31st, 2011
Sarah B asked:
I recently paid off an auto loan. It had quite a few times that it was 30 days or more late. I was not responsible for paying the loan as I gave the car to a friend and they were not paying on time. The car was still in my name and my husbands name. My question is now that it is paid off, how long will it be before I see an increase in my credit score. This was the only account that I had that has a negative paying history. It says closed and balance 0 on my credit report now.
I recently paid off an auto loan. It had quite a few times that it was 30 days or more late. I was not responsible for paying the loan as I gave the car to a friend and they were not paying on time. The car was still in my name and my husbands name. My question is now that it is paid off, how long will it be before I see an increase in my credit score. This was the only account that I had that has a negative paying history. It says closed and balance 0 on my credit report now.
Also what is the average time it takes for a persons score to increase if they are paying all their bills on time and paying down installment loans and credit cards. How much should it increase in say 7 months. We are trying to get ready to buy a house and hoping to get everything in order in the next few months. We filed bankruptcy (ch 7) 4 years ago.
Kylie Marrapodi
akee asked:
Im looking for a vehicle to purchase. I currently have a 659 credit score. I was wondering if that would make me a qualified buyer for the 0% APR. If not, what would the most likely APR given to me.
Annamaria Mensalvas
Im looking for a vehicle to purchase. I currently have a 659 credit score. I was wondering if that would make me a qualified buyer for the 0% APR. If not, what would the most likely APR given to me.
Annamaria Mensalvas