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CMORALES20
Posts: 1
Registered: ‎05-22-2008
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WHAT BANKS OR LOAN COMPANY ONLY USED EQUIFAX?

[ Edited ]
MY CREDIT SCORE IS HIGHER WITH EQUIFAX. IM TRYING TO GET A GOOD INTREST RATE ON A CAR LOAN.
Message Edited by CMORALES20 on 07-15-2009 11:23 PM
Valued Member
tracy829
Posts: 25
Registered: ‎06-22-2009
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Re: WHAT BANKS OR LOAN COMPANY ONLY USED EQUIFAX?

I just went for an auto loan yesturday and the loan officer told me (im in minnesota)  that EQ is the agency mainly used in the Midwest, this i did not know.   I never knew it went by territory,  which really sucks for me because TU is my highest score.

Starting Score: 588
Current Score: 640
Goal Score: 750


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Valued Contributor
Uborrow-Upay
Posts: 2,708
Registered: ‎10-16-2008
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Re: WHAT BANKS OR LOAN COMPANY ONLY USED EQUIFAX?

See the threads on this board for Alliant Credit Union.  They pull EQ only when you open an account, when you apply online, theyoffer cards, auto loans, etc. if you qualify...all for that one same EQ pull.

 

Please read the Alliant threads for extensive detailed info on the procedures, requirements, etc.

 

Good luck, and welcome to the forum!

 

 

New Visitor
Rambo42
Posts: 2
Registered: ‎12-28-2011
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Re: WHAT BANKS OR LOAN COMPANY ONLY USED EQUIFAX?

So does anybody know which banks pull euifax for car loans?

 

Established Member
Tomoslx2
Posts: 14
Registered: ‎11-11-2011
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Re: WHAT BANKS OR LOAN COMPANY ONLY USED EQUIFAX?

[ Edited ]

It depends on what region you live in. Mod Cut 

 

I am a Finance Manager for a dealership.

New Visitor
Rambo42
Posts: 2
Registered: ‎12-28-2011
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Re: WHAT BANKS OR LOAN COMPANY ONLY USED EQUIFAX?

I live in Kentucky. I do know that some banks pull from equifax and some dont. I would like to know what banks deal with the dealership that use equifax.

Regular Contributor
YHWHUDAH
Posts: 188
Registered: ‎10-03-2011
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Re: WHAT BANKS OR LOAN COMPANY ONLY USED EQUIFAX?

Penfed and USAA only pulled EQ for me...

Capital One Cash World MasterCard 7500, PenFed World Visa 6500, USAA Military Affiliate Visa 2000, Capital One Platinum 2500, Affas Military Star Card 8700, Affas Take It Home Today 4900, Orchard Bank Platinum 1500, Orchard Bank Silver 1300, Lowes 5000 and Chase 500.

Closed on USAA Mortgage Dec 23, USAA Auto Loan 42000 Mercedes Dec 30

Credit Scores: EQ 656 TU 669 EX 679 All Lender Pulls Oct 2011
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Revelate
Posts: 9,732
Registered: ‎12-30-2011
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Re: WHAT BANKS OR LOAN COMPANY ONLY USED EQUIFAX?


YHWHUDAH wrote:

Penfed and USAA only pulled EQ for me...


Oi, on which product?  I know Penfed only pulled EQ for my membership priveleges, for an autoloan Roadloans (Santander) only pulled EQ, and Orchard / HSBC only pulled EQ on a credit card application.

 

EQ somehow is missing my albatross on my credit report :smileywink:

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Regular Contributor
YHWHUDAH
Posts: 188
Registered: ‎10-03-2011
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Re: WHAT BANKS OR LOAN COMPANY ONLY USED EQUIFAX?

Revelate,

 

Ok, I am not sure who they pulled for membership, because I been a member since 2005.  I recently applied for a credit card and they pulled EQ. Once they came back with an approval they automatically approve me for an auto loan @ 1.99 for 34500.  For me USAA pulls EQ for all there products. I am in NC.

Capital One Cash World MasterCard 7500, PenFed World Visa 6500, USAA Military Affiliate Visa 2000, Capital One Platinum 2500, Affas Military Star Card 8700, Affas Take It Home Today 4900, Orchard Bank Platinum 1500, Orchard Bank Silver 1300, Lowes 5000 and Chase 500.

Closed on USAA Mortgage Dec 23, USAA Auto Loan 42000 Mercedes Dec 30

Credit Scores: EQ 656 TU 669 EX 679 All Lender Pulls Oct 2011
Moderator
Revelate
Posts: 9,732
Registered: ‎12-30-2011
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Re: WHAT BANKS OR LOAN COMPANY ONLY USED EQUIFAX?

Interesting, I knew it varied by region (e.g. Experian appears to have a lot more reporters out west so is the defacto pull for most CA lenders for best resolution); however, I sort of thought most of the bigger names would pull all three.

 

Thanks!

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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