I am trying to get a loan to get my car fixed other wise it will take me forever to save up the money I made the mistake of applying for a bunch of different credit cards and one loan how long should I wait before I try applying for a loan again?
p.s I was declined in all of my attempts I am 20 and my credit is not horrible but not good either.
2007-10-30 08:49:49 · 7 answers · asked by Anonymous in Business & Finance ➔ Credit
I would say a minimum of 6 months, but the longer the better.
2007-10-30 08:57:33 · answer #1 · answered by Joel Sopp 2 · 0⤊ 0⤋
The inquiries do drive down your score for a while. Most people do a couple of inquiries a year. I would lay off applying as long as you can to improve your score.
If your question is how long should I wait before I try again to get the loan I need, truth is it may take you years to get there. Credit scores and credit decisions are not likely to change over night. Your best bet is to try to get a cosigner on the loan.
2007-10-30 09:03:06 · answer #2 · answered by brimir7 3 · 0⤊ 0⤋
no could desire to attend. in case you choose a a hundred% assure which you would be approved, stick to for a secured mastercard. A secured mastercard will help you build credit historic previous with low probability to you and the lender. Secured credit enjoying cards paintings in basic terms like common credit enjoying cards and are additionally reported to the three substantial credit bureaus. the only distinction between a secured card and a typical mastercard is that a secured card demands a secure practices deposit and your credit shrink suits the quantity of the deposit you place down – the minimum is $2 hundred. Your credit shrink could be as little or as much as you choose – you are able to up your shrink in basic terms via including greater to the preliminary quantity you deposit. the great undertaking some secured mastercard is that it could act as a private mark downs account mutually as development your credit historic previous on an analogous time.
2016-10-14 09:14:22 · answer #3 · answered by ? 4 · 0⤊ 0⤋
I looked across the web and discovered a bunch of scams. After all this helped for me: financial-care.info-
RE How long should you wait between applying for loans?
I am trying to get a loan to get my car fixed other wise it will take me forever to save up the money I made the mistake of applying for a bunch of different credit cards and one loan how long should I wait before I try applying for a loan again?
p.s I was declined in all of my attempts I am 20 and my credit is not horrible but not good either.
2014-09-05 01:11:22 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It stays on for about 1 year. So you need your car fixed right now. I suggest you join a credit union. As soon as you join, you can apply. They work for you the member, and not for shareholders.
2007-10-30 09:08:21 · answer #5 · answered by Steveo 5 · 0⤊ 0⤋
Each request for credit subtracts from your score, and each request remains on your record for 24 months
2007-10-30 08:54:11 · answer #6 · answered by Pengy 7 · 0⤊ 0⤋
at least six months !!!!! Do you have a steady or full time
job and a checking account, try and go to your local Bank
and tell them you didn't realize that too many inquiries
can make your report score go down further.
www.creditinfocenter.com
2007-10-30 08:58:47 · answer #7 · answered by Anonymous · 0⤊ 0⤋