Pretty much what others said: it is hard to isolate CFAs; I only know because mine is on two bureaus and TU has never seen a CFA tag regardless of what scorecard it has been (and that file has been in a LOT of different scorecards over time).
That said if you are in one of the pretty scorecards already it doesn't matter that much and someone already stated the salient: Finances > FICO.
If I ever buy a car again if after negotiating price I can still get a 0% loan from the manufacturer I will take it and don't really care if it codes as CFA objectively, but I am not totally rational and I still gently kick myself for opening up that stupid Cashcall loan to cover a cash shortfall (which I could have done something different to address just would have cost more cash wise but I digress) thought at the time it might help credit mix wise... and even though it is paid / closed / never late tradeline it still counts against me.
That said as of basically today I am sitting at:
EX 2: 780
EQ 5: 779
That is gold-plated in my book and the CFA notation is on both so ultimately it doesn't really matter and there are plenty of people on this forum with stronger credit profiles than I have.
@AzCreditGuy wrote:
@Revelate wrote:Pretty much what others said: it is hard to isolate CFAs; I only know because mine is on two bureaus and TU has never seen a CFA tag regardless of what scorecard it has been (and that file has been in a LOT of different scorecards over time).
That said if you are in one of the pretty scorecards already it doesn't matter that much and someone already stated the salient: Finances > FICO.
If I ever buy a car again if after negotiating price I can still get a 0% loan from the manufacturer I will take it and don't really care if it codes as CFA objectively, but I am not totally rational and I still gently kick myself for opening up that stupid Cashcall loan to cover a cash shortfall (which I could have done something different to address just would have cost more cash wise but I digress) thought at the time it might help credit mix wise... and even though it is paid / closed / never late tradeline it still counts against me.
That said as of basically today I am sitting at:
EX 2: 780
EQ 5: 779
That is gold-plated in my book and the CFA notation is on both so ultimately it doesn't really matter and there are plenty of people on this forum with stronger credit profiles than I have.
Fico 2
807 No negative factors (I doubt that)
Fico 5 805
short account history
short revolving history
no auto loan activity
consumer finance accounts
Like I said above damage down already for 10yrs plus when I choose to close out my $32.56 balance on my SOFI. I have one of those pretty scores, but annoyed since I rebuilt my credit from past mistakes, but now the CFA will be a stain on my profile. And when I get CLI rejects with the CFA on there? I have to wonder if that is factor even with highs scores?
Even being gold plated doesn't guaruntee CLI or application approvals... and when it comes to denial reasons, yeah it could show up in theory depending on which one they decide to show you.
That said I wouldn't worry about it, you're around 10 points away from perfect (or highest obtainable score) on EQ FICO 5, clearly the CFA can't be hurting you that badly and I doubt anyone that would approve you otherwise is going to worry about the CFA.
Out of curiosity where are your FICO 8 scores? 830+?