Auto Loan-

[Anonymous]

Hello

Its been about 18-19 months in US. I'm orignally from India and have been working hard to establish my credit history.

I recently read alot and noticed I only have credit cards as history being reported. I was also informed that I can reach upto a certain level but not reach all the way and have high scores without more credit reportings.

I decided to go for a auto loan and try and establish and shoot up scores.

I selected the car and delaer got back saying I wasnt approved first and within a day he heard from GMAC and its approved now.

I need to know the following- 

1) How much diffrence should I look at my scores ?

My current scores are from Truecredit-

Transunion- 634

Experian- 647

Equifax- 644

Also If I want to keep a track of Fico scores what is the best deal to take for monitoring?

Pls advice.

Thanks !

Umair 

[Anonymous]

I wouldn't trust True Credits scores, they are FAKO's I believe. I just checked mine and it was anywhere from 20-40 points lower than myfico.com. I would cancel True Credit and sign up at myfico.com for accurate scoring. You will have to pay extra for your Transunion and get your Vantage from Experian but it is worth it to me.

[Anonymous]

1) You don't subscribe to TC for the scores. The scores are worthless FAKO's. You subscribe for the reports and the monitoring.

2) My TC scores are about 40 - 60 points too high.

3) When your loan first reports your FICO scores may well decrease a little, Over time, however, they will increase and as long as your payments are on time you will benefit from having a positive auto loan.