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Today I phoned Bank of America just to check, and was told they only reported payments to Experian and Equifax. To be honest I was expecting them to confim all three credit bureaus instead, given their size. Despite much Googling I haven't been able to corroborate this.
If anyone has an auto loan from Bank of America, is this true? I currently have an auto loan with a credit union and I got stung by them only reporting to two bureaus. I obviously want to avoid that mistake in future!
Thanks.
Yes BOA Reports to all 3 of the CB for autoloans.
Source: My credit reports from my BOA Auto Loan.
Bank of America is most likely to check your Experian credit report when you make credit card application. After Experian, Bank of America will turn to Equifax. The bank will only use TransUnion data if necessary.
@Anonymous wrote:Bank of America is most likely to check your Experian credit report when you make credit card application. After Experian, Bank of America will turn to Equifax. The bank will only use TransUnion data if necessary.
BOA ran my Experian for my Auto Loan.