Get credit reports Bowling Green

Your argument is you just got your credit score from an online credit reporting service the other day. Well get credit reports Bowling Green the answer is quite obvious if you sit down and think with a little rational. You went online to some www.yourcreditscore.com web site and got your credit score. When you went into the car dealership, and they pulled your credit they didn’t go get credit reports Bowling Green to that same site. That being the case, do you think since the car dealership used a different service to pull your credit that your score could be different? You would think it should be the same or worst case scenario close. When you go online get credit reports Bowling Green and have your credit pulled you’ll receive what I would get credit reports Bowling Green call a generic credit score.

After all, it’s a score based on your whole credit history. Meaning it takes in effect how you’ve paid anything and everything you’ve had credit with; from auto loans, to mortgages, to credit card, to student loans, to personal loans. credit check If get credit reports Bowling Green your credit file is deep with all the above types of credit, and you had a 30 day late payment on a car loan your overall credit score wouldn’t be tarnished much assuming that everything else on there was perfect.

When a car dealer pulls your credit they are pulling what’s called and Auto Finance Score. In other words, the credit score that they get from one of the three credit reporting services (Equifax, Transunion, Experian), is an auto finance score based more on your pervious auto loans. So in the scenario above, if your credit file was perfect with all your creditors, but you had get credit reports Bowling Green a 30 late payment on a car loan your auto finance score will take a big hit. credit The bottom line is get credit reports Bowling Green there are two different scoring systems. When you go online you’re not getting an auto finance score. You’re getting an overall FICO score which is different than an auto finance score.  Banks that make get credit reports Bowling Green car loans want to know more about your pervious car get credit reports Bowling Green credit than how you paid back a student loan. There are other factors that make up an auto finance score that are different than an overall FICO online credit report score, but since I’ve never worked for a credit reporting company I don’t know of the exact formula they use. Like I said earlier…don’t waste your time buying a credit get credit reports Bowling Green report online if you’re getting ready to purchase a vehicle. Let the car dealership pay for it by pulling your credit. Once they do, they will tell you (or show get credit reports Bowling Green you) what your auto finance score is. free online credit report That’s the only score you need to know when purchasing a new or used get credit reports Bowling Green vehicle. vote upvote downsharePrintflag Sign in or sign up and post using a hubpages account. Other product and company names shown may be trademarks of their respective owners.

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