07-24-2007 06:13 AM - edited 07-24-2007 06:14 AM
08-21-2007 01:00 AM
08-21-2007 05:27 AM
Your auto score will be lower if you have no auto history.
Ok, let's see if you can help me out on this question (assuming I did this right...first time on the boards).In the next 6 months or so, I am planning on buying a new car. I've just read about the auto credit FICO score and all that. My question is, what if you don't have any auto history? 10 years ago or so I bought a used car that was repo'd. All that has fallen off my credit reports, so all I have on my credit history now are some accounts in good standing and one credit card I got in the last 3 months that is also in good standing. (first credit card I've had in probably 12 years) My Equifax FICO score is currently 664.If I don't have any auto financing history for anyone to check, what info do they fall back on?In place of any clear cut idea so far my plan is to keep all my accounts current, save up as large a down payment as possible and try to get pre-approved for financing before I ever walk into a dealership (already have the car picked out). Beyond that, is there anything I can do?Ok, that was more than one question. Sorry
12-31-2007 10:15 AM
02-12-2008 12:27 PM
02-13-2008 07:15 AM
creditup700 wrote:I have two car repos against me, but one is reported as charge-off. Does the dealer know this is still a repo. Also, what's the difference between a charge-off and a repo as far as my credit report is concerned?
02-26-2008 10:50 AM - edited 02-26-2008 10:51 AM
02-26-2008 06:32 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.