Refinancing Auto And Home – FICO
Hi, I am trying to refinance my home and my auto to reduce my monthly payments. My score is 703, and is this low due to 1 card that I am at the max (28900/29200) Questions: 1) If I refinance my auto first, how many points will my FICO drop, I assuming it will drop because A) I am opening a new installment (though I am closing one) B) The current installment has a 34000 line (the orginal loan amount) and now is at 17791. I am thinking they will see it now I am at 17791/17791 at the max Is this how that works?
Categories: General Credit Tags: Auto, closing-one, Credit, credit-report, fico, monthly, new-installment, orginal, the-different, the-orginal