11-27-2012 05:35 PM
i new fairly new to the community and I am getting my 1st auto loan. What is the difference between a Fico score ans an auto enhanced Score.
Is one usually higher than the other and if so which one is typically higher?
11-28-2012 08:00 AM
I'm new here...so this is just my interpretation, however, I believe it to be correct. I don't think that either one is inherently higher or lower than the other. I believe the Auto enhanced score puts more weight on your past handling of you previous auto loans. If you paid them well....Auto enhanced should be higher, if not....it would be lower.
11-28-2012 08:06 AM
It looks at installment loans. My auto score is always higher then my fico.

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.
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