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684 Score is Tier 4?

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684 Score is Tier 4?

I recently applied for a auto loan through Ford credit and was denied because they said my score of 684 put me in tier 4 and that made my payment too high? Does anybody know what Ford's tiers are? 684 seems kind of high for tier 4 to me. After I was denied through them I applied through capital one and was approved instantly with a 36k limit, so I'm going to use them. I was just curious about Ford's tiers, seems like they have pretty high standards.

Message 1 of 6
5 REPLIES
Frequent Contributor

Re: 684 Score is Tier 4?

Just curious, did they pull Experian?  Because if they did, you may not know your true score, you may have seen a FAKO.  Just curious.

 

 

 

 


Starting Score: 584TU / 580EQ
Current Score: 670 TU / 680EQ
Goal Score: 720 TU / 720 EQ


Take the FICO Fitness Challenge
Message 2 of 6
Moderator Emeritus

Re: 684 Score is Tier 4?


pritchardhallhokie wrote:

Just curious, did they pull Experian?  Because if they did, you may not know your true score, you may have seen a FAKO.  Just curious.

 

 

 

 


The OP said that Ford Credit pulled the score so you know it's an accurate EX FICO. It could be a FICO Auto Enhanced Score. I don't know if Ford pullls those or not.

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

 

 

 

 

Message 3 of 6
Valued Contributor

Re: 684 Score is Tier 4?

Tiers change daily/weekly/monthly- or really at the drop of the hat.

 

The other thing is: Credit score alone does not determine your Tier: Excessive risk in the deal can drop you into lower tiers.

 

As in rolling large amounts of nagative equity- that can take you straight to Tier 4 regardless of your score. Bad loan history, or previous loan history with lender.

Signature line begins:
Credit is not a right, but a business transaction, one that takes into account risk, and charges accordingly based on that risk.
Your credit score is an aspect of your credit profile. Important? yes but just an aspect. Contributing/supplemental information determines the finer point of the deal. Ask any question, respect me not to get mad if the answer is not the affirmation you are looking for,
Message 4 of 6
Frequent Contributor

Re: 684 Score is Tier 4?

Where do you see they pulled EX?


Starting Score: 584TU / 580EQ
Current Score: 670 TU / 680EQ
Goal Score: 720 TU / 720 EQ


Take the FICO Fitness Challenge
Message 5 of 6
Moderator Emeritus

Re: 684 Score is Tier 4?


pritchardhallhokie wrote:

Where do you see they pulled EX?


You're right that I didn't make myself as clear as I could have.

 

What I was trying to say is that no matter which score was pulled it would be accurate because the lender pulled.it. 

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Message 6 of 6