Wednesday, May 26, 2010

I am applying for credit for a car loan and a new apartment. Would it look good to open 2 new credit

I plan on being responsible and paying each month on time because I want to build great credit (and appear as attractive to the banks as possible). I want to get the car as soon as I establish a solid credit background.



I am applying for credit for a car loan and a new apartment. Would it look good to open 2 new credit accounts?

The more credit accounts you have (and higher limits on them, if they're credit cards), the more favorable you will look when you attempt to apply for future loans. Once you have an account open, DON'T CLOSE IT, unless your credit cards get stolen or you are a victim of identity theft.



I am applying for credit for a car loan and a new apartment. Would it look good to open 2 new credit accounts?

If your credit is good and you have the income to support both, then no problem



I am applying for credit for a car loan and a new apartment. Would it look good to open 2 new credit accounts?

No it will not look good because the more rescent your accounts are opened and the more inquiries you have in a short period of time the lower your score will go. You can open the 2 new accounts if you plan on waiting 6 months to a year for the car and apartment. A year looks best in most cases. Don't just go around opening up new accounts. It won't help in the short term.



I am applying for credit for a car loan and a new apartment. Would it look good to open 2 new credit accounts?

lenders dont care what what looks good... they care what your credit score is. does that make sense? most lenders dont examine your entire credit history, they look at your credit score.



if you have a good credit score this situation wont affect you also you should understand that credit scores dont change daily they usually change monthly.



your still gonna be able to get your apt.



as long as you pay the accounts on time and dont max them out your ok

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