Why is the FICO score used by auto lenders different than other FICO scores?
Why is the FICO score used by auto lenders different than other FICO scores? Auto Loans by John Ulzheimer Share Share Email There are many different versions of the FICO credit score. Each of the three U.S. credit bureaus – Equifax, Experian and TransUnion – has many different generations and “flavors” of the FICO score, […]
Can I Get An Auto Loan With Bad Credit?
Can I Get An Auto Loan With Bad Credit? Auto Loans by John Ulzheimer Share Share Email Periodically the Professional Risk Managers’ International Association (PRMIA) conducts a survey of bank risk professionals and lenders on behalf of FICO, the company that invented the credit score. A recent survey was conducted in June 2012 and received […]
Are Auto Insurance Claims on My Credit Reports?
Are Auto Insurance Claims on My Credit Reports? Auto Loans by John Ulzheimer Share Share Email When you file a claim on your auto insurance policy, it is reported to insurance claims databases compiled LexisNexis. LexisNexis is the most widely used by the insurance companies. These companies are consumer reporting agencies, just as Equifax, Experian […]
How Credit Scores Affect Auto Loan Applications
How Credit Scores Affect Auto Loan Applications Auto Loans by John Ulzheimer Share Share Email Approximately 80% of those surveyed in a study conducted by VantageScore Solutions and the Consumer Federation of America underestimated the impact a low score has on an auto loan.That way too high considering how obvious it should be that credit […]