I am a mortgage broker so i would say i know a little about credit scoring. have a Toyota lease that was repoed in February. My father co-signed the note for me. He recently went to trade in his car and they told him the repo took his score from 769 to 450. My credit only went from 560 to 515 as a result of the repo. Is this possible or were they just trying to make a killer Yield Spread on him???
Auto-enhanced scores are specific indicators of credit worthiness with regards to an auto loan. Consumers cannot purchase auto-enhanced scores.
And a 4 month old repo would really NOT look good to someone supplying credit for a car , much worse than on a straight FICO
So it might be real