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 Credit Cards
Profile Image

Question By
Ben208

1 Contribution
0 People Helped
What first to apply for - secured credit cards or auto lease?
I'm trying to get a car lease. The score is low, but still enough to get the lease with high APR. Trying to repair score and get a lease asap.

Should I apply for secured credit cards and wait (what's the average time would be?) for score go up and then apply for the lease?

Btw, can I apply for several credit cards a the same time (same day)? Is there a negative side of doing so?

Or Should I apply for secured credit cards and lease at the same time?

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
675 Contributions
353 People Helped
Most Helpful Response

Helpful to 1 out of 1 people

ok first let me say I have not done this before so I'm just giving a opinion.  I would get the lease first so that your score does not go down because of the inq. that will hit your report for the CC.  If you already know who your going to lease with that is good so that they are not hitting your report with a lot of inq. trying to find you the lease.  Then go with the credit cards.  If you can get a least two but not more then 3 cards that will help.  Remember that if you have more then one card only let one card show with a balance between 1-9% of the credit limit and the rest show $0.  Your credit score will go down at first because of all this activity but it will come back soon. 

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

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.