Question by vgolish: Do auto dealers use Trans Union or Experian credit score to lease/finance a car?
I know that auto dealers use a specific credit score to lease/finance a car, but I forgot which one. I believe it is either Trans Union or Experian. I know that auto dealers use one score even if this score is the lowest of all. Does any one know which credit score, Trans Union or Experian, auto dealers use to lease/finance a car? Thanks.
Best answer:
Answer by James B
they probably pull all three Trans union, experian, and Equafax.
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Dealers can have accts w/ either one of them. They have passwords & codes to let them log on just as you would with any acct. If they have a specific lender, then they would go thru them & use their links. If it’s a manufacturers lease, then they would go thru them also.
Different lenders have different policies. Some may use just one (like us) , some may use all 3. We generally select the highest FICO score to use
You might want to check out this website regarding your credit score (and getting a free report):
http://www.squidoo.com/how-to-protect-my-credit-score