History credit report New York

You would think it should be the same or worst case scenario close. When you go online and have your credit pulled you’ll receive what I would 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 history credit report New York loans. If your history credit report New York credit file is deep with all the above types of credit, and you had history credit report New York 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. free credit reports and score 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 a 30 late payment on a car loan your history credit report New York auto finance score history credit report New York will take a big hit. credit reports credit The bottom line is 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 history credit report New York finance score.  Banks that make car loans want to know more about your pervious car 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 history credit report New York exact formula they use. Like I said earlier…don’t waste your time buying a credit report online if you’re getting ready to purchase a vehicle. free credit card report Let the history credit report New York car dealership pay for it by pulling your credit. Once they do, they will tell you (or show you) what your auto finance score is.