It looks like you're new here. If you want to get involved, click one of these buttons!
Odyssey - Vehicle Loan and Impact on Credit History
I searched for similar things in forums but I couldn't find one.
I want to buy a Honda Odyssey 07 or 08 model depending upon price.
I want to get a Loan from Credit Card companies.
Following is my Credit Information:
Credit Score: 710 (Transunion)
Total Debt: 26,000
Total Credit: 50,000
Credit History: 4 Years
Negative points are:
1) High Debt
2) High Debt per Available Credit Ratio
3) Less Credit History (Generally, most of the times, they consider atleast 5-7 years of history)
4) Credit report shows Income = Debt (A Person should have More Income than Debt, in order to get a good credit)
My Question is:
If I apply for Vehicle Loan in couple of Credit Card companies on the same day:
1) how is it going to impact my Credit History & Credit Score?
2) Does the Credit Companies, view all of them as one or several inquiries?