Still Learning

[Anonymous]

I've asked before, but didnt really grasp and understand....

 Are your Auto FICO and Bankcard FICO scores set in stone regardless of your overall score improving? Since they target your auto loan and credit card history, does that mean they won't change regardless of what you do?

In other words, once you pay a car off, (or repo, late payments...etc)  Raising your overall FICO will or wont affect Auto FICO later on?

[OMW2_HighAcheiver]

I believe they are ever changing like FICO 8. All scores fluctuate.

[Anonymous]

An industry specific FICO 8 score (like the Auto Enhanced score, or the Bankcard Enhanced score) will be more affected by certain factors than the "classic" FICO 8 score.  For example, the Auto score will care a huge amount about whether you ever missed a payment on a car loan.  It's not that the Classic score doesn't care at all -- it's just that the Auto score cares more.  And conversely, having a perfect history on a fully paid off car will help you more on the Auto score than it would have on the Classic or Bankcard score.

But all three scores fluctuate monthly based on all the basic factors for a credit score.  Each of the three models care about late payments, about credit card utilization, about credit mix, about age of accounts, about inquiries and opening new accounts.