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Investments > Financial Planning > Loan payments i...
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Loan payments impact on credit score

by mikki@[EMAIL PROTECTED] Apr 5, 2008 at 08:45 PM

I decided to start saving up for a down payment for a house, which I
plan to purchase in 6-8 months. Before making this decision, I put a
chunk of my savings into my two auto loans, in addition to my regular
payments. For the two auto loans, they list my next payments due
sometime in 2009.

I was considering not making my regular monthly payments for a few
months so that I can save that money towards the down payment of the
house. I am concerned, however, that this may negatively impact my
credit score because the payments will appear to be erratic and then
stop suddenly (even though no payments are technically due).

So, should I continue making the monthly payments to appear less
erratic or save the money for the down payment, so that I can
hopefully avoid PMI? :)

Thanks for any advice!

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 23 Posts in Topic:
Loan payments impact on credit score
mikki@[EMAIL PROTECTED]   2008-04-05 20:45:53 
Re: Loan payments impact on credit score
"John A. Weeks III&q  2008-04-06 00:28:35 
Re: Loan payments impact on credit score
Mikki <mikki@[EMAIL PR  2008-04-06 18:22:04 
Re: Loan payments impact on credit score
"John A. Weeks III&q  2008-04-06 19:09:05 
Re: Loan payments impact on credit score
Mark Bole <makbo@[EMAI  2008-04-06 21:13:49 
Re: Loan payments impact on credit score
"John A. Weeks III&q  2008-04-07 06:48:17 
Re: Loan payments impact on credit score
Mark Bole <makbo@[EMAI  2008-04-07 08:26:32 
Re: Loan payments impact on credit score
Mark Bole <makbo@[EMAI  2008-04-08 23:46:57 
Re: Loan payments impact on credit score
"John A. Weeks III&q  2008-04-09 14:08:28 
Re: Loan payments impact on credit score
Mark Bole <makbo@[EMAI  2008-04-10 20:41:49 
Re: Loan payments impact on credit score
Mikki <mikki@[EMAIL PR  2008-04-07 07:41:09 
Re: Loan payments impact on credit score
BreadWithSpam@[EMAIL PROT  2008-04-07 11:01:30 
Re: Loan payments impact on credit score
"Dennis P. Brown&quo  2008-04-07 16:47:25 
Re: Loan payments impact on credit score
jIM <noreplysoccer@[EM  2008-04-07 11:49:51 
Re: Loan payments impact on credit score
jIM <noreplysoccer@[EM  2008-04-07 16:47:28 
Re: Loan payments impact on credit score
BreadWithSpam@[EMAIL PROT  2008-04-08 06:11:48 
Re: Loan payments impact on credit score
joetaxpayer <joetaxpay  2008-04-08 18:36:36 
Re: Loan payments impact on credit score
BreadWithSpam@[EMAIL PROT  2008-04-09 07:35:14 
Re: Loan payments impact on credit score
Will Trice <wtrice@[EM  2008-04-09 18:44:20 
Re: Loan payments impact on credit score
joetaxpayer <joetaxpay  2008-04-09 21:03:46 
Re: Loan payments impact on credit score
Mikki <mikki@[EMAIL PR  2008-04-07 18:22:35 
Re: Loan payments impact on credit score
Douglas Johnson <post@  2008-04-07 20:24:52 
Re: Loan payments impact on credit score
"John A. Weeks III&q  2008-04-07 22:32:54 

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tan12V112 Sat May 17 5:00:45 CDT 2008.