Hi all,

BLUF: About to pay off loan for previous, stolen car and need a new one. Credit just took 60 point hit. Do I try and wait?

So, the situation is a lot. I had to move on Christmas to a new apartment and due to the move lost a ton of stuff. Then after the move my car got stolen while I was looking for a short term personal loan (oops). Car is considered lost and the payout covers both the loan and the down-payment on a new car. Which is amazing! However, my search for a loan and waiting to pay the car loan due to the theft cause a 60pt drop to 550. Do I wait out the month, shore up my credit and buy after the credit score renews or not?

Edit: My source fot credit reports is a Vantage (?) One out of Credit Karma, the bot said thats important.