Went to by a car at dealership and was surprised to learn that the credit score they recieved was way diffrent than what I was given when I checked with Experian and trans union. They said they get an auto report which is diffrent from FICO. Is this true and where can I recieve a copy of such a report?
I was not aware that they did this, however, upon doing a little research, it appears they get a different score that is tailored more towards the odds of you being able to pay off your auto loan.
This article goes into a little more detail.
It looks like the information on that report tells them more detailed info on things like your previous auto payments, etc.
I am not sure that this is something you can personally obtain.
The banks and dealerships dont play fair. My car was totalled.2-4-19 took them a month to make this decision. Insurance paid finance company 3-13 19
21,000 . Finance co held cleared ck for 6 weeks plus before applying to my account .plus they new I was waiting for refund of 2300. From warranty contract thru dealer. 4 days before ck was recieved on refund they accelerated the loan and charged it off. Once insurance made payment renTl had to go back.so I had no way to work.or pay. The balanced owed now is 250.00 but noone will finance me because they charged it off. Not very nice
I’m sorry to hear that @denise.bergquist- doesn’t seem fair at all! Can you dispute that through your credit report? (I’m assuming that it knocked down your score and that’s why you cant get financing again.) I know that I disputed something I saw on my credit report, and it seemed that rather than fight me on it, it was removed.
I’m trying . Gm financial has been very un helpful to say the least. With them accelerating the loan its charged off .despite the fact that they got the last payment. I should have recieved money back but they accelerated 3 days before they posted check .
How can I obtain an auto report like dealers use? Seems unlawful to use a report we are unable to obtain.
So sorry everything is very unfair here for the 99%
I don’t have any advice for you, but I am sorry to hear about this. Are you able to ask the dealership you are trying to get financing through how you can improve your auto credit score? Are you able to get your past financial company or insurance provider for a letter detailing that your vehicle was in an accident & that is the reason for the issues of the past?