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Do any banks and CC companies actually use fico Auto and mortgage scores?

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Egaffne2
Regular Contributor

Do any banks and CC companies actually use fico Auto and mortgage scores?

I noticed on Experian that my auto and mortgage scores are 50-60 points higher than my regular Experian score. They are 650-660. Does this actually benefit me in some way, do any creditors actually use these scores? And which ones.
Current 2023 FICO 8 score - 760 (EX) 758 (TU) 762 (EQ) (FICO 9s seem to be significantly higher)
Starting score - 530
Discover it - $4,200
Citi Custom Cash - $6,600
CFNA Firestone - $3,200
Amex BCE - $2,500
Mission Lane - $1,100
Chase slate (AU) - $3,000
Chase Freedom Flex - $11,100
Lowes Advantage card - $10,000
PNC poop points- $4,500
2 student loans 93% paid off
AMEX loan only 7% paid off so far
Total current Utilization among all accounts- 20%


Message 1 of 6
5 REPLIES 5
Anonymous
Not applicable

Re: Do any banks and CC companies actually use fico Auto and mortgage scores?

DCU uses Equifax FICO Mortgage

Visions Federal Credit Union (NY/NJ/PA) uses Experian FICO Mortgage Score.

Message 2 of 6
Anonymous
Not applicable

Re: Do any banks and CC companies actually use fico Auto and mortgage scores?

Does this actually benefit me in some way”

 

Yes. When you need a mortgage or an auto loan. Every mortgage lender will use your mortgage scores. Same for auto. Although some credit unions will use your “regular” FICO 8 when auto lending. 

 

Although like in anything outliers exist.

Message 3 of 6
Peazmom
Frequent Contributor

Re: Do any banks and CC companies actually use fico Auto and mortgage scores?

Does anyone know what mortgage score Navy Federal uses?

Starting FICO 8 December 2017

FICO 8 as of 6/7/20



Sock Drawer:

Message 4 of 6
Egaffne2
Regular Contributor

Re: Do any banks and CC companies actually use fico Auto and mortgage scores?

Well I am potentially in the market for an auto loan. But I'm sure they will probably pull both my fico 8 and auto score right? I mean either way it can only benefit me if they use my auto scores cause they are higher. It would be nice if they only went off those alone! Does anyone know what scores capital one auto uses?
Current 2023 FICO 8 score - 760 (EX) 758 (TU) 762 (EQ) (FICO 9s seem to be significantly higher)
Starting score - 530
Discover it - $4,200
Citi Custom Cash - $6,600
CFNA Firestone - $3,200
Amex BCE - $2,500
Mission Lane - $1,100
Chase slate (AU) - $3,000
Chase Freedom Flex - $11,100
Lowes Advantage card - $10,000
PNC poop points- $4,500
2 student loans 93% paid off
AMEX loan only 7% paid off so far
Total current Utilization among all accounts- 20%


Message 5 of 6
Anonymous
Not applicable

Re: Do any banks and CC companies actually use fico Auto and mortgage scores?


@Egaffne2 wrote:
Well I am potentially in the market for an auto loan. But I'm sure they will probably pull both my fico 8 and auto score right? I mean either way it can only benefit me if they use my auto scores cause they are higher. It would be nice if they only went off those alone! Does anyone know what scores capital one auto uses?
The dealership pulled Auto Enhanced 5-4-2 for me....or tried to.... I made them pick a bureau and left the rest frozen. I already know which one is highest, thanks to MF, so why go fishing? IDK about Cap one though.
Message 6 of 6
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