Comments on: Auto Loans and Credit Scoring http://www.autocreditexpress.com/blog/2007/08/13/auto-loans-and-credit-scoring/ How to get an Auto Loan with Bad Credit - Auto Credit Express Mon, 15 Mar 2010 16:39:24 +0000 http://wordpress.org/?v=2.6 By: Steve Cypher http://www.autocreditexpress.com/blog/2007/08/13/auto-loans-and-credit-scoring/#comment-21 Steve Cypher Mon, 07 Jan 2008 14:32:16 +0000 http://www.autocreditexpress.com/blog/2007/08/13/auto-loans-and-credit-scoring/#comment-21 There is a logical reason for the difference in credit scores, even from the same bureau. Although the car dealer as well as the bank lending you money for your car are interested in your credit history, they will both pay special attention to how you have paid on car loans in the past. The credit bureau, knowing this, gives them a special version of your credit score that is weighted (or biased) towards your car loan payment history. While your overall score (the one you received) may be one number, it is very possible that, depending on how you have paid on your car loans in the past, your score could change with the scoring model the car dealer and the bank used. There is a logical reason for the difference in credit scores, even from the same bureau. Although the car dealer as well as the bank lending you money for your car are interested in your credit history, they will both pay special attention to how you have paid on car loans in the past. The credit bureau, knowing this, gives them a special version of your credit score that is weighted (or biased) towards your car loan payment history. While your overall score (the one you received) may be one number, it is very possible that, depending on how you have paid on your car loans in the past, your score could change with the scoring model the car dealer and the bank used.

]]> By: sgt121smith http://www.autocreditexpress.com/blog/2007/08/13/auto-loans-and-credit-scoring/#comment-20 sgt121smith Sun, 06 Jan 2008 11:12:14 +0000 http://www.autocreditexpress.com/blog/2007/08/13/auto-loans-and-credit-scoring/#comment-20 I recently applied for a auto loan with a dealership and was aware of my credit score prior to applying. When the dealer advised me of what my interest payment was, I questioned them on why the interest was so high they told me that it was because of my credit score when I asked them what the score was the score that they gave me was much lower than the score that I had obtained from the same reporting bureau within a 24 hr. period Why is this? Thanks I recently applied for a auto loan with a dealership and was aware of my credit score prior to applying. When the dealer advised me of what my interest payment was, I questioned them on why the interest was so high they told me that it was because of my credit score when I asked them what the score was the score that they gave me was much lower than the score that I had obtained from the same reporting bureau within a 24 hr. period Why is this?

Thanks

]]> By: toothpick_tp http://www.autocreditexpress.com/blog/2007/08/13/auto-loans-and-credit-scoring/#comment-10 toothpick_tp Fri, 23 Nov 2007 06:49:22 +0000 http://www.autocreditexpress.com/blog/2007/08/13/auto-loans-and-credit-scoring/#comment-10 <p>To say the truth I've heard about score cards but I've had no idea what aspects can these cards include. Due to your post I've learned more about score cards.</p> To say the truth I’ve heard about score cards but I’ve had no idea what aspects can these cards include. Due to your post I’ve learned more about score cards.

]]>