OK, I have a few question about the auto scores.
1. Each credit burea on myfico shows 2 different scores for auto scores.
Which auto score from each bureau is the most commonly used?
2.Also, my accounts have been updating the past few days and I have been watching my fico 8 scores jump up and down. However, my mortgage score ( I have no mortgage, I expect no change) and my auto scores and bankcard scores have not changed at all.....What's up with that? I thought maybe it may update when my next car payment updated. Then I got to thinking about it.....Two of my credit cards have updated, and there was a huge decrease in the balances and there was no change at all to the bank card score. So I want to know, when do those scores update?
2. Does anyone know how they calculate the auto scores? From my understanding is that your auto scores is "focused" on how you have handled your car payments in the past. Then someone else said your installment payments play a large part in your auto scores.
So what I am trying to ask here is what factors are important to the auto scores and what factors are not important to the auto score?
I am 5 months into a new car note with an 18% interest. My fico scores have been comiing up but like I said my auto scores haven't budged.....Are there any specific areas of my credit I should be focused on in order to get my auto scores up? I really need to refi my car like....yesterday. My note is outrageous. It is outrageous, but we've been budgeting to make it work. However, about 3 weeks ago my husband caught his arm in a chop saw blade at work and has been out of work for a month already and his dr says he won't go back for 6 months to a year. I am our only income now. Before he got hurt we had just got to the point we could put just a little bit of money up. Since hes been out of work, it's going pretty quickly so I know it's not going to be long at all before I just can't handle our car note right now. We can not loose my car.If we loose our car, then I loose my job .....then we loose our apartment and you know how the chain reaction go. Please help!
I just need to focus on getting my auto scores up
