CitiFinancial Question

Anonymous · ‎11-12-2007

Are they considered one of the lenders that will depress a FICO score? I keep getting offers from them for loan and need an installment loan on my report.

haulingthescoreup · ‎11-12-2007

I was told that if "Financial" is in their name, they're on the tacky list.

So Wells Fargo is OK, Wells Fargo Financial is not, and so forth.

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

Anonymous · ‎11-12-2007

Guess it's off to the credit union for a loan to put in savings....

haulingthescoreup · ‎11-12-2007

Be sure to ask them how they're going to code it. That's what makes me so crazy about this issue.

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

fused · ‎11-12-2007

Lady_Scarlet wrote:

Are they considered one of the lenders that will depress a FICO score? I keep getting offers from them for loan and need an installment loan on my report.

Yes, this is one of those sub-prime CFLs but for it to report as such the proper coding would be required. Your plan to work with a CU is smart.