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Capital One Auto Loan Approved for $24k......but

BLiNK3246
New Contributor

Capital One Auto Loan Approved for $24k......but

So guys I got approved back in March for an auto loan with capital one, it was a pre-approved application so no additional hard credit pulls were made on my report except for capital one about 2 months after I saw a huge I mean 52 pts decrese on my Credit Karma (vantage) score but my FICO only dropped maybe 12 pts. Its been 5 months after the auto loan and credit karma still shows at least 40pts below my actual FICO score. Its somewhat weird to see a higher FICO than a Vantage (credit karma) is this normal?

 

Also I had a question about credit utilization, I am under the impression that auto loans and personal loans do not count against your credit utilization. Utilization is strictly only credit cards...am I right?

Equifax 649 - TransUnion 698 - Experian 666
Cap1 QuickSilver $3,800 / Cap1 QuicksilverONE $1,100 / AMEX BCE $500, AMEX Hilton Honors Surpass $1,000 ,Express $1,700 / Chase Amazon Prime Visa $3,000, Chase Freedom Unlimited $4,000 / Discover IT $500 / Credit One $600 / First Premier $700 / First Premier $650 / Walmart MC $700, Target RedCard Credit $400, Open Auto Loan Balance $21,000 / Open Personal Loan Balance $10,000. 1 open collections on my report for $2,000 from 2014.
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3 REPLIES 3
ALK11
Established Contributor

Re: Capital One Auto Loan Approved for $24k......but

My CK score has always been below my FICO score, by a large margin sometimes. I'm talking 710 CK and 760 FICO or 760 CK and 790 FICO. I never thought anything of it. I'd say it's normal. Is your FICO back to where it was preloan or at least close or even higher? That's all I'd be concerned about. 

Message 2 of 4
BLiNK3246
New Contributor

Re: Capital One Auto Loan Approved for $24k......but

Yes Fico is back to normal pre loan but CK took a big hit and never recovered. Pre auto loan my CK was always above my fico by 50 pts 

Equifax 649 - TransUnion 698 - Experian 666
Cap1 QuickSilver $3,800 / Cap1 QuicksilverONE $1,100 / AMEX BCE $500, AMEX Hilton Honors Surpass $1,000 ,Express $1,700 / Chase Amazon Prime Visa $3,000, Chase Freedom Unlimited $4,000 / Discover IT $500 / Credit One $600 / First Premier $700 / First Premier $650 / Walmart MC $700, Target RedCard Credit $400, Open Auto Loan Balance $21,000 / Open Personal Loan Balance $10,000. 1 open collections on my report for $2,000 from 2014.
Message 3 of 4
MakeItAMudLight
Frequent Contributor

Re: Capital One Auto Loan Approved for $24k......but


@BLiNK3246 wrote:

Yes Fico is back to normal pre loan but CK took a big hit and never recovered. Pre auto loan my CK was always above my fico by 50 pts 


It seems Credit Karma can penalize new accounts much harder that real FICO scores sometimes.  

Message 4 of 4
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