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New Contributor
Posts: 52
Registered: ‎03-05-2007
0

Auto Enhanced Scores

Though I have had Credit it some form or other for 13 years, I have never had an Auto loan (my parents bought my first cars and I paid cash for the rest). How badly is this going to hurt me on my Auto FICOs?
 
I currently have
 
EQ 634
TU 624
EX 671
 
I was going to use GTE FCU because they always pull EX but I am wondering if I should try to clean up a little more before applying. If there could be a drastic reduction in my EX score due to no Auto loan history, I don't want to apply now.
Moderator Emeritus
Posts: 16,373
Registered: ‎03-12-2007
0

Re: Auto Enhanced Scores

Most of the time lenders will use an auto-enhanced FICO score when applying for an auto loan. These scores might be higher or lower than the FICO scores you pull at this site. A good auto history, a higher auto enhanced score, a bad auto history the lower your scores.  I suspect since you never had an auto loan your auto scores will be lower than your regular FICO scores. For more info read Tuscani's thread below.
 
Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1
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