topic Re: Enhanced Score???? in Auto Loans

Enhanced Score????

JusdoNit — Mon, 30 Jan 2012 06:49:27 GMT

I recently applied for an auto loan through the CU. I was told that my score was 710, but my enhanced auto score was 670. HUH? I thought the enhanced made the score higher.

They offered me a lower interest rate because I have good scores and have been a member for quite sometime, but again, I thought the enhanced made my score higher. Anyone?

Re: Enhanced Score????

Anonymous — Mon, 30 Jan 2012 11:32:07 GMT

The industry specific/"enhanced" scores don't, by default, make your score higher. The auto-enhanced score is weighted more heavily towards your prior installment history. If you're 'light' in that area, or have some blemishes, your auto-enhanced FICO score might definitely be lower than your other scores.

Re: Enhanced Score????

JusdoNit — Mon, 30 Jan 2012 15:42:18 GMT

ok, thanks.