All it takes is a loss of a job, hardship, illness, emergency, or death in the family, and suddenly you're forced to spend the money you usually put towards paying off
your auto loan on something else.
Not exact matches
If you took out a
loan for
something specific, such as an
auto loan or a debt consolidation
loan, you should spend it
on that.
Whether you're looking to value your trade and take advantage of additional savings
on something from our new or used inventory, or you want help securing a no credit
auto loan, our team of experts is here for you.
The last thing you want is to think that you improved your credit since getting your
auto loan and then learn after applying for refinancing that
something else
on your report is weighing your credit down.
Not only does good credit mean the difference between getting approved for
something like a mortgage or an
auto loan and being denied, but it could have a huge impact
on the interest rate that you'll be charged.
On the other hand, once you have a credit freeze in place, if you decide to apply for
something — like a credit card, an
auto loan or a mortgage — you would be able to do so.
If you took out a
loan for
something specific, such as an
auto loan or a debt consolidation
loan, you should spend it
on that.
If you are trying to rate shop for
something like a mortgage or
auto loan, do so
on a 15 - 45 day timeline, according to My Fico.