topic What CUs use your regular FICO score? in Auto Loans

What CUs use your regular FICO score?

Anonymous — Tue, 06 Sep 2016 04:07:01 GMT

CU or really any lender than will do an auto finance.

Thanks!

Re: What CUs use your regular FICO score?

Appleman — Tue, 06 Sep 2016 12:53:45 GMT

PenFed utilizes the NexGen2 score, but good luck getting hold of that score.

PenFed does one EQ HP and you can apply for multiple products.

I am not entirely sure how the auto score differs other than mine are often a bit lower than my FICO08 scores.

Re: What CUs use your regular FICO score?

Sbrooks1 — Tue, 06 Sep 2016 18:31:27 GMT

Toyota pulled my ex fico 8

Re: What CUs use your regular FICO score?

EddieK — Wed, 07 Sep 2016 00:26:25 GMT

DCU uses EQ04 which is called Score 5 on here.

Re: What CUs use your regular FICO score?

Anonymous — Wed, 07 Sep 2016 05:04:21 GMT

Thanks, all!

[quote] DCU uses EQ04 which is called Score 5 on here.[/quote]

I went looking around the other scores on myfico and didn't see anything similar to what you said. Please let me know exactly where I can find it.

Thanks!

Re: What CUs use your regular FICO score?

EddieK — Wed, 07 Sep 2016 17:00:30 GMT

@Anonymous wrote:
Thanks, all!

I went looking around the other scores on myfico and didn't see anything similar to what you said. Please let me know exactly where I can find it.

Thanks!

It's listed under what's commonly used for mortgages.

Re: What CUs use your regular FICO score?

Anonymous — Wed, 07 Sep 2016 17:19:39 GMT

@EddieK wrote:
@Anonymous wrote:
Thanks, all!

I went looking around the other scores on myfico and didn't see anything similar to what you said. Please let me know exactly where I can find it.

Thanks!
It's listed under what's commonly used for mortgages.

I don't think they use the mortgage version but the auto enhanced version of EQ 04

Re: What CUs use your regular FICO score?

Anonymous — Wed, 07 Sep 2016 21:12:29 GMT

This is a great subject
One that can be frustrating as heck

1) The 'enhanced' scores run into the 900's so that confuses the crap out of the public as well as many dealers/vendors who use them in the 1st place...so that's issue #1

#2 because these things 'can' be ordered customized like a BK Whopper it may prove to be impossible to duplicate EXACTLY what the vendor may be pulling.

Ex:
A vendor can order an auto enhanced score (wanna say, they go up to 990) anyway
Vendor A takes the 'open'
Vendor B wants it weighted heavily on the past 3 years
Whereas Vendor C is even more risk adverse and wants a 7 year emphasis.

Some places want easy quals (I suspect because they move paper quickly and aren't as concerned past short term seasoning before their flip)
While others that hold there notes night be more concerned with deeper vetting.

None the less, some vendors criteria and pulls are easy and others are very difficult to know exactly...plus who knows the day, time or moment they swap or experiment with something different ( happens all the time....only way to research data is few Ginny pigs)

Best we can do IMO is get 'close'

Re: What CUs use your regular FICO score?

EddieK — Thu, 08 Sep 2016 01:27:38 GMT

@Anonymous wrote:
@EddieK wrote:
@Anonymous wrote:
Thanks, all!

I went looking around the other scores on myfico and didn't see anything similar to what you said. Please let me know exactly where I can find it.

Thanks!
It's listed under what's commonly used for mortgages.
I don't think they use the mortgage version but the auto enhanced version of EQ 04

Doesn't EQ04=Score 5 on here?

Re: What CUs use your regular FICO score?

Anonymous — Thu, 08 Sep 2016 01:58:43 GMT

@EddieK wrote:
@Anonymous wrote:
@EddieK wrote:
@Anonymous wrote:
Thanks, all!

I went looking around the other scores on myfico and didn't see anything similar to what you said. Please let me know exactly where I can find it.

Thanks!
It's listed under what's commonly used for mortgages.
I don't think they use the mortgage version but the auto enhanced version of EQ 04
Doesn't EQ04=Score 5 on here?

Yes, its the same thing but there is Score 5 for Auto enhanced and Mortgage scores. Auto loan companies arent going to use the mortgage version

Re: What CUs use your regular FICO score?

Anonymous — Thu, 08 Sep 2016 01:58:44 GMT

@EddieK wrote:
@Anonymous wrote:
@EddieK wrote:
@Anonymous wrote:
Thanks, all!

I went looking around the other scores on myfico and didn't see anything similar to what you said. Please let me know exactly where I can find it.

Thanks!
It's listed under what's commonly used for mortgages.
I don't think they use the mortgage version but the auto enhanced version of EQ 04
Doesn't EQ04=Score 5 on here?

Yes, its the same thing but there is Score 5 for Auto enhanced and Mortgage scores. Auto loan companies arent going to use the mortgage version

Re: What CUs use your regular FICO score?

EddieK — Thu, 08 Sep 2016 02:50:48 GMT

@Anonymous wrote:
@EddieK wrote:
@Anonymous wrote:
@EddieK wrote:
@Anonymous wrote:
Thanks, all!

I went looking around the other scores on myfico and didn't see anything similar to what you said. Please let me know exactly where I can find it.

Thanks!
It's listed under what's commonly used for mortgages.
I don't think they use the mortgage version but the auto enhanced version of EQ 04
Doesn't EQ04=Score 5 on here?
Yes, its the same thing but there is Score 5 for Auto enhanced and Mortgage scores. Auto loan companies arent going to use the mortgage version

Gotcha. But I'm sure they use the regular EQ04 score, the last three times they pulled my credit, it matched up exactly to my mortgage Score 5, most recently a month ago.

Re: What CUs use your regular FICO score?

EddieK — Thu, 08 Sep 2016 02:59:20 GMT

Just additional data to the score DCU provides each month, but also what I was told they use to make loan decisions(copy and pasted below):

Re: What CUs use your regular FICO score?

Anonymous — Thu, 08 Sep 2016 04:07:51 GMT

Thanks, Eddie!!

Please guys, keep them coming! I'd love to know which lender uses what!

Re: What CUs use your regular FICO score?

Anonymous — Thu, 08 Sep 2016 04:48:43 GMT

I'm really looking for a lender that pulls EQ FICO 9 if auto enhanced. Regular FICO would be great though.

Re: What CUs use your regular FICO score?

Anonymous — Thu, 08 Sep 2016 05:00:46 GMT

@Anonymous wrote:
I'm really looking for a lender that pulls EQ FICO 9 if auto enhanced. Regular FICO would be great though.

No one uses the Fico 09 score and few, if any, are using Fico 08

Re: What CUs use your regular FICO score?

Anonymous — Thu, 08 Sep 2016 05:12:54 GMT

Well, dang, that's not what I wanted to hear!

So, there are a few though? Help me root them out!