Hello,
I am a tad concerned. I received an auto loan through America First Credit Union in October 2019 and I recently discovered they used the following method:
Your FICO® Score 9 based on Experian Data is the same score that America First Credit Union pulled on 03/21/2020 and uses to manage your account |
I am dissapointed because the commonly used Auto Loan for Experian is Auto Score 8 and Auto Score 2. Does anyone know why banks do this or if there are any lenders out there that even use the Auto Score 8 and 2 methods? I'd like to refiance my vehicle. My current interest rate is currently at a 7.24% which is too high. Had they used the correct method, it should be around 4.24%.
