If your credit file is deep with all the above types of credit, and you had a 30 day free credit number Laredo late payment on a car loan your free credit number Laredo overall credit score wouldn’t be tarnished much assuming that everything else on there was perfect. When a car dealer pulls your credit they are free credit number Laredo 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 (free credit number Laredo Equifax, Transunion, Experian), is an auto finance score based more on your pervious auto loans.
So in the scenario above, if your credit file was perfect with all your creditors, but you had a 30 late payment free credit number Laredo on a car loan your auto finance score will take a big hit. www.annualcreditreport.com The bottom line is there are two different scoring systems. When you go online you’re free credit number Laredo not getting an auto finance score. You’re getting an overall free credit number Laredo FICO score which is different than an auto finance score.
 Banks that make car loans want to know more about your pervious car credit than how you paid back a student loan. There are other factors that make up an auto finance score that are different than an overall FICO online credit report score, 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 free credit number Laredo buying a credit report online if you’re getting ready to purchase a vehicle. identity credit report Let free credit number Laredo the car dealership pay for it by pulling your credit. Once they do, they will tell you (or show you) free credit number Laredo 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 free credit number Laredo sign up and post using a hubpages account.
Other product free credit number Laredo and company names shown may be trademarks of their respective owners. terms of use free credit number Laredo privacy policy (0.61 sec) HubPages Autos TeamTapper.com San Mateo, Burlingame and Hillsborough Real Estate Filed Under: General Information This site uses KeywordLuv. credit report rights
No comments:
Post a Comment