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  1. #1
    Centurion Member
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    Sep 2012
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    chicago
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    Default So i finally did it!

    So after all the months of asking you guys questions and thinking about it over and over again I went and I bought my car! Its a 2013 Jeep Compass Sport. Im really excited because Im the first of my brother and sisters that bought a car and didnt need my parents to cosign. I did alot of rate shopping at different dealers and finally got a price I think I could settle on. I got 8.9% financing which probably isnt bad considering im 20, only have 2 years of history, and have only been at my job for a year and a half. The only downside to all of this is my credit took a huge fall with all the inquiries. It started at 688 and the second to last time it got pulled it was a 670, obviously lower since it got pulled once after. How long does it take to go back up considering now I have an installment loan on my file?
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  2. #2
    Centurion Member
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    Default

    Congratulations, mate. That was a much better choice than the Neon SRT.

    Your installment loan should report after the first payment. That will give you a bump. All of the inquiries should count as one for scoring purposes, so expect a bump as they age to six months and then a year.
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  3. #3
    Centurion Member MemberSince99's Avatar
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    +1 Congrats

    SRT4 is a real sleeper car.
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