havent actually gotten the check and used it yet. My question is how long can I shop for a better rate before my credit gets dinged more than once? I assume that even if I am approved from Capital One but havent used the loan yet that my credit only shows an inquiry? Is that correct? Does Capital One usually have better rates than what dealers might offer?
Just got approved for Capital One Blank check auto loan?
You have 14 days from the first one to do any additional inquiries. Now, if you do additional applications your credit report will show each additional inquiry, but they only get counted in scoring as one.
As to rates, it depends on what you are looking for. Several times on new cars dealers have special rates such anywhere from 0 % to 4.9%(for example) if you have good enough credit. So you are in the %26quot;drivers seat%26quot; so to speak in that you know what rate you have and if you want you can use this against them to see if they will give you a better rate.
Just got approved for Capital One Blank check auto loan?
Those things are no guarantee you will get the loan. Read the fine print.
They will run your credit report to re-determine whether or not your credit is still in good standing. This will show as a hard hit on your credit report. The same as if a car dealer runs your paperwork for financing.
I have shredded about $120,000 worth of those so called bland auto checks.
shop around for the best interest rate. Many dealers finance through local credit unions, and they give you a pretty good rate.
Just got approved for Capital One Blank check auto loan?
Don't know nothing about credit myn was shitty long ago.
No comments:
Post a Comment