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Frequent Contributor
WallyxD
Posts: 273
Registered: ‎10-02-2012
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Brother has a car in his name, but CK and CS says no score due to insufficient history

I've been trying to keep my brother up to date with what I've been doing and explaining the benefits of maintaining good credit, etc. he now wants a CC. He has a car in his name (the car is in both his and my mom's name), which he got back in August.  He's been denied from Capone platinum and even american eagle's store card. How is it that he's had an auto loan in his name and have been making payments on time (except 1) but when he signed up for creditkarma and creditsesame, they said no score due to insufficient history? But then, when Capone denied him, they said his EX score was in the mid 600s, so I'm confused. Should he just buy the EQ and TU scores from here so he'll know for sure?

AE Store CC: $850 | AEO Visa: $2,300 | CapOne Quicksilver: $1,700 | Citi Forward for Students $1,500 | Walmart CC $1,350 | Chase Amazon: $500 | PayPal Smart Connect: $500 | Discover iT for Students: $500 | Chase Freedom: $500

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TU Fico: 652 (3/11/14)
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myjourney
Posts: 26,659
Registered: ‎02-07-2013
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Re: Brother has a car in his name, but CK and CS says no score due to insufficient history

[ Edited ]

Possibly financing with a company who doesn't report

Example buy here pay here most of them don't report to CR

"Intelligence plus character--that is the goal of true education"
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webhopper
Posts: 7,225
Registered: ‎09-16-2011
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Re: Brother has a car in his name, but CK and CS says no score due to insufficient history

 

Hi,

CS and CK are generally considered unreliable.  For a better way to determine if the car loan actually reports,

start with pulling your FREE Credit Report's from annualcreditreport.com. They tend to have more info on them than ones from a 3rd party. The Credit Reports from annualcreditreport.com, come directly from each of the CRA's. You can pull 1 Free Credit Report from TU, EQ and EX every 12 months.

Save your money and Don't Buy the Scores, they are what we call FAKO's.

 


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Frequent Contributor
WallyxD
Posts: 273
Registered: ‎10-02-2012
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Re: Brother has a car in his name, but CK and CS says no score due to insufficient history

The company does report, because it shows one late payment on my mom's report from his car. Also, he's really trying to get a card, if he has to go secured, he will, but he's really looking for an unsecured. Should I have him apply for Walmart CC and CapOne Journeys? And if denied, I'll have him apply for a secured card?

AE Store CC: $850 | AEO Visa: $2,300 | CapOne Quicksilver: $1,700 | Citi Forward for Students $1,500 | Walmart CC $1,350 | Chase Amazon: $500 | PayPal Smart Connect: $500 | Discover iT for Students: $500 | Chase Freedom: $500

Gardening until util 30%
TU Fico: 652 (3/11/14)

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