Why would buying a car

Posted by Anonymous
- 38 Replies
And getting a loan from a bank not a buy here pay here place.... Make your credit go down 65 points?!
Posted by Anonymous on Sep. 17, 2013 at 8:01 AM
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by
on Sep. 17, 2013 at 8:02 AM
7 moms liked this
Because it lowers your debt to income ratio. Your income stays the same. Your debt increases. Your credit score goes down.
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by
Knitting Maniac
on Sep. 17, 2013 at 8:03 AM
You might have too much debt with the added car payment loan.

by
on Sep. 17, 2013 at 8:09 AM
Did they run your credit several times to find a place that would lend to you? That's a common culprit. They ran my fiance's credit with EIGHT different banks. Assholes.
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