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Auto Enhanced

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Frequent Contributor

Auto Enhanced

Hi all. I know I am likely going to get a YMMV answer but- I have current FICO as follows:

 

EQ 640

TU- 702

EX- 650

 

They will be a blit higher as a few accounts that i am AU on reported hign as my DH did not pay off work charged before the cut date resulting in 90+% UTL.

 

My last auto loan closed in 2007. No lates. My AAOA is not great- 1.8 or so.

 

How will the 2007 loan influence the Auto enhanced? I have under 10% UTI on accounts that are in my name. No baddies. 

 

i know I am in a no mans land for scores. Other than the high UTI on the accounts listed above the only thing I can do is garden. My vehicle is fading fast.

 

Any thoughts on where I might be for interest rate? I will be purchasing, vehicle less than 35k and about 7k for a down payment

 

Really appreciate any thoughts- especially on how the 2007 auto loan (only non-CC account on my credit report as I own my home) my impact my auto enhanced score.

 

Thanks!

Message 1 of 4
3 REPLIES 3
Moderator

Re: Auto Enhanced


@spike69 wrote:

Hi all. I know I am likely going to get a YMMV answer but- I have current FICO as follows:

 

EQ 640

TU- 702

EX- 650

 

They will be a blit higher as a few accounts that i am AU on reported hign as my DH did not pay off work charged before the cut date resulting in 90+% UTL.

 

My last auto loan closed in 2007. No lates. My AAOA is not great- 1.8 or so.

 

How will the 2007 loan influence the Auto enhanced? I have under 10% UTI on accounts that are in my name. No baddies. 

 

i know I am in a no mans land for scores. Other than the high UTI on the accounts listed above the only thing I can do is garden. My vehicle is fading fast.

 

Any thoughts on where I might be for interest rate? I will be purchasing, vehicle less than 35k and about 7k for a down payment

 

Really appreciate any thoughts- especially on how the 2007 auto loan (only non-CC account on my credit report as I own my home) my impact my auto enhanced score.

 

Thanks!


The 2007 loan will definitely help your enhanced score.  That's exactly why they have the version because that is by far the number one factor that they are looking at; past record on auto loans .

 

 Once DH pays down those balances ( they affect your utility just as if they were your accounts), your scores will go up.  You have a sizable down payment and I had to guess your APR would be <4% if financing in your own and you'll be eligible for any special financing options by the manufacturer

Message 2 of 4
Frequent Contributor

Re: Auto Enhanced

Ran my auto enhanced here- 25 points lower Smiley Sad

Message 3 of 4
Senior Contributor

Re: Auto Enhanced

I bought my dream car a few weeks ago...

 

EQ was 690... auto enhanced 707 for whatever it's worth.  I'm assuming my 2 previous auto loans over the last 10 years played a part...

Gardening since: 3-25-15
Message 4 of 4
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