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Kia Financing - Which credit bureau do they use?

flyckfly
Established Member

Kia Financing - Which credit bureau do they use?

For those dealers/buyers who used in-house KIA Motors Finance in the past, which credit bureau did KMF use to get the credit score from? I'm curious as my scores are all different. My lowest (EX) is 30 points away from the highest (TU + EQ). And was Auto Score 8 or 9 used? My 9 scores are also higher than my 8 scores.

Message 1 of 9
8 REPLIES 8
Cowboys4Life
Contributor

Re: Kia Financing - Which credit bureau do they use?


@flyckfly wrote:

For those dealers/buyers who used in-house KIA Motors Finance in the past, which credit bureau did KMF use to get the credit score from? I'm curious as my scores are all different. My lowest (EX) is 30 points away from the highest (TU + EQ). And was Auto Score 8 or 9 used? My 9 scores are also higher than my 8 scores.


I bought a new Kia back in November.  When I asked at my dealer they said they pull EX and that rang true as my phone went off for EX first and TU/EQ later.  They use FICO 8 auto.  

Message 2 of 9
flyckfly
Established Member

Re: Kia Financing - Which credit bureau do they use?


@Cowboys4Life wrote:

@flyckfly wrote:

For those dealers/buyers who used in-house KIA Motors Finance in the past, which credit bureau did KMF use to get the credit score from? I'm curious as my scores are all different. My lowest (EX) is 30 points away from the highest (TU + EQ). And was Auto Score 8 or 9 used? My 9 scores are also higher than my 8 scores.


I bought a new Kia back in November.  When I asked at my dealer they said they pull EX and that rang true as my phone went off for EX first and TU/EQ later.  They use FICO 8 auto.  


So they ran all 3? Did they go with the highest score?

Message 3 of 9
DebtStinks
Established Contributor

Re: Kia Financing - Which credit bureau do they use?

Kia/Hyundai only pull alternate bureau if there's a justified reason. For example they pull Equifax/Experian for most (depening on residence zip code) and would pull Transunion ONLY if the dealership called in and told them you have higher score(s) on TU because your auto loan history or mortgage history, etc only reports to TU.

 

I hope this helps and best of luck!

 

FYI, I worked for a Hyundai/Kia dealer in the finance office for 7 years.

PenFed Visa Signature $35000 (Opened 6/20) - NFCU More Rewards AMEX (Opened 1/19) $17000 - NFCU Platinum $15000 (Opened 1/21) - Capital One World Elite MC $11200 (Opened 11/17) - TTCU Platinum Visa $10000 (Opened 10/18) - Uber Visa $5000 (Opened 1/19) - Target Store Card $2000 (Opened 10/18) - Floor & Decor Store Card $36500 (Opened 10/18)
Total CL - $131700

CH7 BK Filed 8/1/17 Discharged 11/7/17

Scores as of 2/18/21:




Inquiries Last 12 Months:
Message 4 of 9
pinkandgrey
Community Leader
Senior Contributor

Re: Kia Financing - Which credit bureau do they use?

It probably is different depending on location, but in my case it was EX. I bought my new Kia back in 2019 in Colorado. 

Discover It: 19.7k
Amex ED: 18k
Citi DC: 7.7k
Fidelity Visa: 2k
Apple Card: 1.5k
Message 5 of 9
jmcmillan
Regular Contributor

Re: Kia Financing - Which credit bureau do they use?


@DebtStinks wrote:

FYI, I worked for a Hyundai/Kia dealer in the finance office for 7 years.


Sorry to hijack the thread, but I wanted to ask if Hyundai financing is BK friendly. Do you know?

Message 6 of 9
DebtStinks
Established Contributor

Re: Kia Financing - Which credit bureau do they use?

They sure are. I've personally got customers approved right after discharge and I personally have a balloon loan through them that I obtained 1 year after my CH7 discharge.

PenFed Visa Signature $35000 (Opened 6/20) - NFCU More Rewards AMEX (Opened 1/19) $17000 - NFCU Platinum $15000 (Opened 1/21) - Capital One World Elite MC $11200 (Opened 11/17) - TTCU Platinum Visa $10000 (Opened 10/18) - Uber Visa $5000 (Opened 1/19) - Target Store Card $2000 (Opened 10/18) - Floor & Decor Store Card $36500 (Opened 10/18)
Total CL - $131700

CH7 BK Filed 8/1/17 Discharged 11/7/17

Scores as of 2/18/21:




Inquiries Last 12 Months:
Message 7 of 9
jmcmillan
Regular Contributor

Re: Kia Financing - Which credit bureau do they use?


@DebtStinks wrote:

They sure are. I've personally got customers approved right after discharge and I personally have a balloon loan through them that I obtained 1 year after my CH7 discharge.


Thank you for the response.

Message 8 of 9
Loquat
Moderator

Re: Kia Financing - Which credit bureau do they use?

Every lender is BK friendly as long as you can meet the stips they require. Auto loans are one of the easiest loans to obtain.

I will say again what I always say...a good down payment can overcome a multitude of sins.
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