topic Re: Ford credit score in Auto Loans

Ford credit score

drboxing — Sat, 02 Aug 2014 17:16:01 GMT

Anyone familiar with what Ford credit requires as a FICO score for a customer who wants to lease a vehicle

Re: Ford credit score

Kevin5974 — Tue, 19 Aug 2014 06:09:23 GMT

650 gets you in the door approved.

680+ gets you best leasing terms.

I am a VERY familiar with Ford Motor Credit

Re: Ford credit score

drboxing — Tue, 19 Aug 2014 06:49:27 GMT

What about a score less than 650? Will Ford finance?

Re: Ford credit score

Kevin5974 — Tue, 19 Aug 2014 07:37:44 GMT

Yes, on a new. Used, it depends. You may get a better rate elsewhere

Re: Ford credit score

sports1965 — Tue, 19 Aug 2014 22:24:06 GMT

What about 620 FICO score?

I ve had 2 Ford Credit loans in the past , always paid as agreed.

Re: Ford credit score

Kevin5974 — Tue, 19 Aug 2014 22:57:19 GMT

@sports1965 wrote:
What about 620 FICO score?
I ve had 2 Ford Credit loans in the past , always paid as agreed.

As long as DTI is in line, you'll qualify for 0%

Re: Ford credit score

Anonymous — Wed, 20 Aug 2014 00:27:02 GMT

I'm not sure of my score yet but how does Ford treat recent CH13 discharges? I have had 5 or 6 auto lines all paid as agreed pre BK.

My auto loan when entering BK hit late once since I was instructed not to make any more payments because the payments for the car

were to be included in the BK payment.

Re: Ford credit score

drboxing — Wed, 20 Aug 2014 00:42:57 GMT

I financed a car 1 week after my discharge, was a Cap1. Kept that car for 6 months then traded it. Had no problems getting financed with Ally. Ford approved me but wanted $5000 downpayment.

Re: Ford credit score

Kevin5974 — Wed, 20 Aug 2014 04:05:08 GMT

@Anonymous wrote:
I'm not sure of my score yet but how does Ford treat recent CH13 discharges? I have had 5 or 6 auto lines all paid as agreed pre BK.
My auto loan when entering BK hit late once since I was instructed not to make any more payments because the payments for the car
were to be included in the BK payment.

Too difficult to say. Everyone's profile is different. Depends on many factors. Generally speaking, I believe Ford prefers people who have already reestablished since BK

Re: Ford credit score

Anonymous — Sun, 02 Nov 2014 16:32:55 GMT

Looking at leasing a 2015 Ford Fusion SE.

Current credit score 639. My auto payment history has always been on time for the past two years. Prior to that I had a couple 30 day late payment notices.

My revolving credit/debt ratio is 70/30.

Any idea how this will look for me? I've never leased before...

Re: Ford credit score

Anonymous — Sun, 02 Nov 2014 17:34:44 GMT

Ok, I guess I didn't understand the difference between FICO score and actual credit bureau score.

My FICO scores are the following: 642 (EQ), 655 (TU), 685 (EXP)

Anyone know which model Ford Credit uses? I don't know how this stuff works...

Re: Ford credit score

Ford725 — Sun, 02 Nov 2014 19:10:37 GMT

They pull Experian about 99% of the time. So you should be good to go with your EX score.

Re: Ford credit score

Anonymous — Sun, 02 Nov 2014 19:29:26 GMT

Seriously?? That's great news. I might actually get a decent leasing offer!

Re: Ford credit score

MarineVietVet — Mon, 03 Nov 2014 19:42:37 GMT

@Anonymous wrote:
Ok, I guess I didn't understand the difference between FICO score and actual credit bureau score.

My FICO scores are the following: 642 (EQ), 655 (TU), 685 (EXP)

Anyone know which model Ford Credit uses? I don't know how this stuff works...

Welcome to the forums.

Some lenders pull FICO Auto Enhanced Scores which could be slightly different from what you pull here.

I don't know if Ford does so.