Auto loan Dilemma

[Anonymous]

i just made her join karma. Is that sufficient?

[Anonymous]

It's sufficient enough for seeing the negatives on 2 of the CR. She won't be able to see the 3rd unless she signs up here at myFICo or another FICO monitoring service.

Also, the scores provided by credit karma are FAKO scores and are not typically used as a basis for certain credit approvals. If she wants true scores she will have to purchase the reports from here or another service.

[Anonymous]

im not concerned with those scores. I am interested in the report information. Currently, they are about 50 points from my fico. So i know they are not accurate. 

[StartingOver10]

In my case Credit Karma is 80 to 100 pts lower than FICO scores....so just ignore the scores.

The reports from Annual Credit Report are free and provide tons more info than Credit Karma. She needs her actual reports to see where she stands so she can work on them. Credit Karma is good to see changes in tradelines and if a line is open or closed, but not much else. 

[fury1995]

Yes, specifically Auto Fico 08 scores are what most regular banks will use. Sme have Fico version 09 now.

Do not try to guess what a lender will do using scores from Credit Karma. CK only scores open accounts.

[Anonymous]

I just got 1 report form annual credit report. It is def better than credit karma. I also have subscription to myfico, so i know right where i am at. 

Just gotta work hers out. 

[sccredit]

If she absolutely hate sthe car the best bet IMO would be to trade in the car for $10k, put up the $5k.  She gets something reasonable that she likes and can afford.  Thats just my $.02, i know others will disagree.  I have been stuck in the situation of making payments on something you can't stand driving, it sucks.  

[fury1995]

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@Anonymous wrote:

I just got 1 report form annual credit report. It is def better than credit karma. I also have subscription to myfico, so i know right where i am at. 

Just gotta work hers out. 

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Well, let me know when you get that.. I have some "insight" into these things..

[Anonymous]

what kind of insight?

[fury1995]

The kind that gets the approvals IRL.