Hi I’m 45 and am rebuilding my credit after not having a score for about 5 years while I was not using credit.
I got a secured card in March and have only been using it for my Hulu payment and have my payments set to be automatically paid in full each moth. Just since March I went from no score to 675 Vantage score - but I still don’t have a Fico score. I make about $80k/year and have no debt.
I’m looking to start shopping for a used vehicle and plan to spend about $10k, put 10% down, and pay it off in 3 yrs or less. My question for anyone who may know, am I better off waiting until I have a Fico score also? How long does that usually take? I’ve read conflicting things.
Thank you for reading!