![]() This will give you an idea of what you can expect in terms of loan terms and interest rates. It's always a good idea to check your FICO auto score before you take out a car loan. Plus, paying off an account that was in collections no longer counts against your credit score. This version is designed to take into account the past 30 months of credit behavior using data from TransUnion's CreditVision system.įive major factors contribute to this version of the FICO auto score:Īdditionally, the FICO auto score prevents certain factors from hurting your credit score significantly.įor example, unpaid medical bills don't incur as much of a penalty as other unpaid bills. ![]() The FICO auto score that lenders look at is measured using the 9 XT version of auto score measurement. The base FICO score ranges from 300 to 850, but FICO auto scores range from 250 to 900. The basic FICO and auto loan FICO scores use different credit scoring models. An auto loan FICO score specifically measures your ability to pay back auto loans. What is a FICO Auto Score?Ī basic FICO score measures how reliable you are at paying back debts. Easily compare auto lenders using Car and Driver's auto financing tool. We'll explain the most important things you need to know about the FICO score, including how to find your score and how to raise your score. Finding your FICO auto score is fairly straightforward, and you can do it for free. In fact, a unique kind of FICO auto score has been specifically designed for vehicle loans. A FICO score is the go-to source for most auto loan companies.
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