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Wait til it reports.
Your report is updated as the creditor reports to the CRA. It is typical for the creditor to report 3 to 7 days after the statement date.
You can see which date is reported by looking at your Credit Karma account - it will show you the date of the last report of each TL. Ignore the CK scores.
I agree with the other poster, wait until your payments report.
You might want to also get your auto enhanced scores here first before you go auto loan shopping - at least you will know what they are....check the products section 3B report.
when i got my car ha.. it was at 80% but only had one card.
Wait until they report. No Brainer. Your scores won't reflect your lower utilization until then. FYI, my reports usually update by the end of the day after my statement date, but YMMV.
@meeklo062704 wrote:
Is the auto enhanced score accurate? I was under the impression that it was unavailable to anyone but lenders. I also recently found out my auto loan wasn't reported to Equifax, but is on the other 2 bureaus.
The auto enhanced score, or "auto industry option", used to be unavailable until recently. MyFico now has it. I haven't heard much if any input as to anyone reporting their auto enhanced scores if pulled from here, then the dealer's score. Not all dealers use the auto enhanced scoring. Sounds like a good new thread to me. MyFico auto enhanced score vs. dealer auto enhanced score.
It's $59.85 for all 3 bureaus, including the various scores from EQ and EX. One time pull with one time price. You won't get any additional scores from TU though. If I was going to buy, and have the dealer pull my scores, I'd probably do it. If I already had my financing in my pocket, maybe not. Just depends on how comfortable you are with your scores. Your dealer may or may not use the auto enhanced scores anyway, but I would probably want to know them. But, the dealer might pull TU, like say Toyota. So you won't know your auto enhanced score. But, all things being equal, if you know your EQ and EX scores, your TU will likely trend the same way, up or down with auto enhanced versions. If my reports were clean, no auto baddies, then it's up to you. But I would never let a dealer pull my credit without having my own financing in my pocket to begin with. That way, they will likely bend over backwards to beat it and get the business. It's just part of their game. I once bought a new car and I had credit union financing already. They tried to get me to go with their financing at 0.01% less than my rate. I declined because I wanted my CU payroll deduction every two weeks. They tried the hard sell, but I stood firm. When I got into the F&I office, I was signing the docs and discovered a $1000 factory rebate that I wasn't even aware of. Had I taken their financing at 0.01% less than my CU, I would have forfeited the rebate and they basically would have made an additional 1K on the deal! Same with aftermarket warranty. I got my truck warranty at HALF what they wanted in the beginning because I found out my CU offerred one for way less than what they wanted. Basically everything is negotiable.