When a car dealer pulls your credit they are pulling what’s called and Auto Finance Score. In other words, the credit score that they get from one of the three credit reporting services (Equifax, Transunion, Experian), is an auto finance score based more on your pervious auto loans. So in the scenario above, free credit report access Chicago if your credit free credit report access Chicago file was perfect with all your creditors, but you had a 30 late free credit report access Chicago payment on a car loan your auto finance score will take a big hit. credit report agencies
The bottom line is there are two different scoring systems. When you go online you’re not getting an auto finance score.
You’re getting an overall FICO score which is different than an auto finance score.  free credit report access Chicago Banks that make car loans want to know more about your pervious car credit than how you paid back a student loan. check my credit rating There are other factors that make up an auto finance score free credit report access Chicago that are different than an overall FICO online credit report score, free credit report access Chicago but since I’ve never worked for a credit reporting company I don’t know of the exact formula they use. Like I said earlier…don’t waste your time buying a credit report online if you’re getting ready to purchase a vehicle. Let the free credit report access Chicago car dealership pay for it by pulling your credit. credit check Once they do, they will tell you (or show you) what your auto finance score is. That’s the only score you need to know when purchasing a new or used vehicle. vote upvote downsharePrintflag Sign in or sign up and post using a hubpages account.
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