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Quick Auto Loan ?

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choppa02
Contributor

Quick Auto Loan ?

My credit union says they pull eq( not auto enhanced) for auto loan apps, what are the odds they see the same eq score I see on here?
Message 1 of 8
7 REPLIES 7
KoolDev
Regular Contributor

Re: Quick Auto Loan ?

The eq Fico is not the same as the standard eq.   My cu also uses the standard eq.  I made it  a point to ask that same question when i was with a loan officer last week.

My Sock Drawer: Care Credit $4200-0, JCP 2100-0, Chase 3000-0, Chase Freedom $4500.00-0, WF $1000.00-0.00
In Use: NFCU Visa Sig $17.5k- 0.00k
I still have too MANY CARDS
Starting Score 538
Current Score Oct 30-14 701 fico Eq-- 745 Fico Tu-- 713 Fico Ex
Message 2 of 8
choppa02
Contributor

Re: Quick Auto Loan ?

I was hoping to have a heads up the competition. Guess I just have to wait and see.thx
Message 3 of 8
KoolDev
Regular Contributor

Re: Quick Auto Loan ?

Ya my standard Eq is 11 pts behind my Fico Eq,

My Sock Drawer: Care Credit $4200-0, JCP 2100-0, Chase 3000-0, Chase Freedom $4500.00-0, WF $1000.00-0.00
In Use: NFCU Visa Sig $17.5k- 0.00k
I still have too MANY CARDS
Starting Score 538
Current Score Oct 30-14 701 fico Eq-- 745 Fico Tu-- 713 Fico Ex
Message 4 of 8
choppa02
Contributor

Re: Quick Auto Loan ?

Myfico eq is only 634 I can't afford it to be any lower
Message 5 of 8
themizlyne
Regular Contributor

Re: Quick Auto Loan ?

It's exactly the same for me. Each time NFCU has pulled EQ the score was the same on my ScoreWatch.
Message 6 of 8
choppa02
Contributor

Re: Quick Auto Loan ?

Cap 1 pulled the exact score for eq as here on myfico so I figured my CU would too. Its just ridiculous how many different scoring models are out there, consumers are at such a disadvantage
Message 7 of 8
choppa02
Contributor

Re: Quick Auto Loan ?

My CU did indeed pull the exact eq score as myfico
Message 8 of 8
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