Equifax, Experian and Transunion sell different scoring products to different users based on their need. They "score" credit reports differently based on risk and may cater a certain type of scoring model to a certain user. That's where the "Auto Enhanced" scoring comes into play. In these cases, the FICO model is adjusted to put more emphasis on payment history for auto installment loans or leases. They have different scoring models for unsecured credit or even for landlords and insurance companies. If you have no installment loan history, they will likely review your traditional credit score to determine whether you are a good risk.
by John - 6 hours ago
Auto enhanced score you better or worse depending on your car payment history. That doesnt mean you cant get finance for a car if you never had one. Say you have a mortage or really good credit but never had a auto loan. So instead of being 790 when you run it yourself the dealership might run a 763. The numbers are just examples but they really dont affect you by that much. Same goes for credit card companies and mortage companies. They all have there own the varies the score just a bit.
by Ty Foxx - 6 hours ago
no not at all they will still look at your over all credit worthiness as to determine if you get a loan or not
by golferwhoworks - 6 hours ago
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