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Do positive Installment Loans (non-auto) factor into Auto Fico when applying for car loan?

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Do positive Installment Loans (non-auto) factor into Auto Fico when applying for car loan?

Just curious if anyone can confirm this or not. I've only had an auto loan for 2 months or so now, while before this one I've only had a mortgage loan. As of right now, there has been no score change for the good or worse. So I'm thinking maybe when I went to apply in the first place, they counted my positive mortgage history...

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Valued Contributor

Re: Do positive Installment Loans (non-auto) factor into Auto Fico when applying for car loan?

Has the auto loan made it to the reports yet? It can take a couple of cycles for some lenders to report.

You are likely getting credit for having a different credit type than just revolving (credit card) already.

 

 

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Regular Contributor

Re: Do positive Installment Loans (non-auto) factor into Auto Fico when applying for car loan?

Not that I have noticed to answer your title question.
When they looked at approving you i am sure they based an approval on your current trade lines
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