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Sterling McCall Lexus help

Contributor

Sterling McCall Lexus help

Does anyone know which score this dealership pull?
8 REPLIES
Frequent Contributor

Re: Sterling McCall Lexus help

I love when stuff goes un answered. They pull all three take the best one

Starting Score: 656
Current Score: 678 TU 08, 665 EQ MyFico, 698 EX PSECU
Goal Score: 7OO needed for Mortgage application


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Mega Contributor

Re: Sterling McCall Lexus help

OP, they will more than likely pull a auto enhanced FICO from one of the 3 bureaus, not sure which one.



EQ FICO 548 3/3/16
Super Contributor

Re: Sterling McCall Lexus help

They might try getting you approved thru Toyota Financial ( TFS ). Do a search in the auto loan approvals thread and you should be able to see what bureaus TFS usually pulls.

Also you could just ask their finance mgr as well. Depending on how many banks or CUs they use, and if they shotgun your credit out to several then you will likely end up with multiple inquiries on at least 2 CRAs.
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Frequent Contributor

Re: Sterling McCall Lexus help


LS2982 wrote:
OP, they will more than likely pull a auto enhanced FICO from one of the 3 bureaus, not sure which one.

Well documented this is not true... Toyota/Lexus and Mercedes do not pull the FICO enhanced, but pull all 3 FICO reports.

 

BMW,GMC, Nissan, Ford pull Fico enhanced


Starting Score: 656
Current Score: 678 TU 08, 665 EQ MyFico, 698 EX PSECU
Goal Score: 7OO needed for Mortgage application


Take the FICO Fitness Challenge
Moderator

Re: Sterling McCall Lexus help


Student_Loans_Kill wrote:

LS2982 wrote:
OP, they will more than likely pull a auto enhanced FICO from one of the 3 bureaus, not sure which one.

Well documented this is not true... Toyota/Lexus and Mercedes do not pull the FICO enhanced, but pull all 3 FICO reports.

 

BMW,GMC, Nissan, Ford pull Fico enhanced


Just curious, how do you know?

Frequent Contributor

Re: Sterling McCall Lexus help


StartingOver10 wrote:

Student_Loans_Kill wrote:

LS2982 wrote:
OP, they will more than likely pull a auto enhanced FICO from one of the 3 bureaus, not sure which one.

Well documented this is not true... Toyota/Lexus and Mercedes do not pull the FICO enhanced, but pull all 3 FICO reports.

 

BMW,GMC, Nissan, Ford pull Fico enhanced


Just curious, how do you know?


Google?   Nissan, NMAC, uses auto enhanced scores, not sure if FICO or not, the GM did not know but said it is NMAC's auto scoring system, He also said the fico score I am purchasing is probably not the same score that NMAC would produce.  They also strictly pull only TU.   I called the Lexus dealership (2 different dealerships, same answer)- TMCC _Toyota Motor Credit is the finance company behind lexus. They will pull all three scores and take the best one. The tiers are similiar to Mercedes financing, in that they have Tier 1, 720 and above, Tier 2, etc. The guy I talked to did not know the score levels to be exact.  They do not use auto enhanced scores.   Mercedes is similiar financing to Lexus - they will pull all three bureaus, take the highest score,  and do not use auto enhanced scores and they also have I think it's five Tiers for financing...Tier 1 is 720 and above. Daisy duke

Starting Score: 656
Current Score: 678 TU 08, 665 EQ MyFico, 698 EX PSECU
Goal Score: 7OO needed for Mortgage application


Take the FICO Fitness Challenge
Established Contributor

Re: Sterling McCall Lexus help


Student_Loans_Kill wrote:

StartingOver10 wrote:

Student_Loans_Kill wrote:

LS2982 wrote:
OP, they will more than likely pull a auto enhanced FICO from one of the 3 bureaus, not sure which one.

Well documented this is not true... Toyota/Lexus and Mercedes do not pull the FICO enhanced, but pull all 3 FICO reports.

 

BMW,GMC, Nissan, Ford pull Fico enhanced


Just curious, how do you know?


Google?   Nissan, NMAC, uses auto enhanced scores, not sure if FICO or not, the GM did not know but said it is NMAC's auto scoring system, He also said the fico score I am purchasing is probably not the same score that NMAC would produce.  They also strictly pull only TU.   I called the Lexus dealership (2 different dealerships, same answer)- TMCC _Toyota Motor Credit is the finance company behind lexus. They will pull all three scores and take the best one. The tiers are similiar to Mercedes financing, in that they have Tier 1, 720 and above, Tier 2, etc. The guy I talked to did not know the score levels to be exact.  They do not use auto enhanced scores.   Mercedes is similiar financing to Lexus - they will pull all three bureaus, take the highest score,  and do not use auto enhanced scores and they also have I think it's five Tiers for financing...Tier 1 is 720 and above. Daisy duke

I wonder if this is specific to your region? As when I went to a Toyota Dealer in 2010 they only pulled EQ... I guess I got lucky Smiley Happy



Valued Contributor

Re: Sterling McCall Lexus help

Perhaps the EQ score was enough to already qualify for Tier 1? I would guess that the reason to pull more than one report to qualify is to find the best score. If the first one qualifies for best financing why go further.

Best financial advice I ever got: "Just imagine what an adult would do and do that."

Starting Score: 500's
Current Score: EQ 701 (FICO) TU 721 (FICO) EX 715 (Quizzle)
Goal Score: 760 ALL


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