Fico Score Question

[Anonymous]

Can someones Fico Score be artificially high? What are some of the reasons an auto lender would deny someone with a high Fico (TU 745, EQ 757 EX???)

[Jazzzy]

Hi...it may not be that the FICO is artifically high. It is scoring what they see to be your credit risk.

FICO scores are only part of the credit puzzle. They are limited. What FICO does not know is your income. When applying for an auto loan, they are going to look at your income vs. your expenses. Is it possible you were turned down based on having what they consider too many bills/payments for your income?

Did they give you a reason for the denial?

[Anonymous]

I have not yet applied. I wouldn't apply unless I had some sense of what is going to happen. my current dti is 18%. 0% CC util. I make 2780 gross per month, I pay 484 per month in bills. In other words well within my means. I was hoping for 25-26K. Any thoughts?

[laz98]

may want to ask in the auto forum.

[MarineVietVet]

may want to ask in the auto forum.

+1

[Anonymous]

ty