What MF does my FICO score get me with Hyundai finance?

[jeisensc]

@trism

Or maybe Hyundai’s leasing arm uses a different FICO model than the one you are citing (the auto-enhanced models go to 900) and they took you at your word that yours is 715.

@megameg

Come to find out my FICO score through Experian (what Hyundai finance uses) is actually way way lower at 650 which when I called to check, puts me in tier 7

You may want to read:

The Credit Thread

In the US there are 3 credit bureaus: Experian, Equifax (), and Transunion. To them, your data is the product they sell to creditors. When you borrow money, the lender reports it to 1/2/all bureaus: when it opens, how much you borrowed, and the term. They report the payment history, and when the account closes. It’s unlikely that all three of your bureaus match exactly. When you “get your score”: an actuarial model (as @trism pointed out there are lots and lots) is fed the transactions …

If says somewhere on the sheet (or if you were declined it will say on the decline letter coming in the mail): Hyundai is getting your FICO score from Experian (their choice, no you can’t change) and my guess is it’s FICO v2

How you get a 650 score in something better than Tier 7 is with a cosigner. If you are still planning on a Hyundai, check both your Experian bureaus and see if there is a derogatory there you don’t see on the others.

If you don’t want your Experian bureau used, you need to switch brands.