😂😂😂😂 All 3 and they actually calculate utilization based on original loan balance vs current balance. While this is a term loan and not a LOC. Just pisses me off and there is nothing you can do about it. 
@JVille wrote:
😂😂😂😂 All 3 and they actually calculate utilization based on original loan balance vs current balance. While this is a term loan and not a LOC. Just pisses me off and there is nothing you can do about it.
There's no direct way to tell what's a CFA unless you've ruled everything else out or you have an oddity like I do that it only reported to two bureaus and the third has never ever complained of CFA-anything.
That's strange that GM financial is tagged as a CFA, auto loans are term loans, that just means there's a planned end-date. Amex charge cards report like that too. Did that reason code only show up after you picked up the loan? I wouldn't have thought they were flagged as such but I can sort of see captive lender financing maybe showing up as that.
I think someone was talking Honda Financial being a CFA too recently?
I guess that's one more reason to add to the growing list of: always sort your auto loan out with a CU first.
Oh look at that, 4 more years till my CFA drops off 
@Revelate wrote:
@JVille wrote:
😂😂😂😂 All 3 and they actually calculate utilization based on original loan balance vs current balance. While this is a term loan and not a LOC. Just pisses me off and there is nothing you can do about it.There's no direct way to tell what's a CFA unless you've ruled everything else out or you have an oddity like I do that it only reported to two bureaus and the third has never ever complained of CFA-anything.
That's strange that GM financial is tagged as a CFA, auto loans are term loans, that just means there's a planned end-date. Amex charge cards report like that too. Did that reason code only show up after you picked up the loan? I wouldn't have thought they were flagged as such but I can sort of see captive lender financing maybe showing up as that.
I think someone was talking Honda Financial being a CFA too recently?
I guess that's one more reason to add to the growing list of: always sort your auto loan out with a CU first.
Oh look at that, 4 more years till my CFA drops off
A good reason why I'd never take out a car loan through a manufacturer's finance agency, but always line up the financing first with an installment loan (as I did with Penfed last year).
@Revelate wrote:
@JVille wrote:
😂😂😂😂 All 3 and they actually calculate utilization based on original loan balance vs current balance. While this is a term loan and not a LOC. Just pisses me off and there is nothing you can do about it.There's no direct way to tell what's a CFA unless you've ruled everything else out or you have an oddity like I do that it only reported to two bureaus and the third has never ever complained of CFA-anything.
That's strange that GM financial is tagged as a CFA, auto loans are term loans, that just means there's a planned end-date. Amex charge cards report like that too. Did that reason code only show up after you picked up the loan? I wouldn't have thought they were flagged as such but I can sort of see captive lender financing maybe showing up as that.
I think someone was talking Honda Financial being a CFA too recently?
I guess that's one more reason to add to the growing list of: always sort your auto loan out with a CU first.
Oh look at that, 4 more years till my CFA drops off
Revelate...It was me that reported that American Honda Financial is reported as a CFA. It was given specifically as one of the reasons my mortgage scores were not higher in a 3b pull. It came as a shock to me, since I avoid CFA like the plague. Bad thing is, after financing a goldwing with them, I checked the rates at my CU the next day, and finding them lower refinanced it with my CU, so I only had it financed with American Honda Financial for 1 day. The existance of that CFA stays on a report for 10 years. I think the word financial in the name might be a key. Car manufacturers obviously create CFA's in order to get those who have less favorable credit can be approved for dealer financing. If it was a bank it would be subjected to more stringent banking regulations, so likely could not approve some of those. Their main motivation is to sell their cars. So, in final analysis...I now would avoid dealer arranged financing like the plague also.
Wow thanks all; yeah, apparently dealer financing isn't worth it at all unless the interest rate is non-trivially superior (patently unlikely in the extreme in the current market and current CU secured financing rates).