Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Auto Loans
Profile Image

Question By
ALCC3

0 Contributions
0 People Helped
Refinancing my Auto Loan & getting a new Credit Card Question
Hello I plan to refinance my Auto Loan in 4 months. I wanted to get a new Credit Card today so I can raise my credit score. I know when I get a new Credit Card my score will go down a bit. Is it a good or bad idea to get this Credit Card 4 months before refinancing my Auto Loan? Should I do it today or wait until I refinance?
Also will refinancing my auto loan help or hurt my credit? When I bought the car my credit was horrible & I have a 27.9% interest rate. My credit has improved some since.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.