What credit bureau do car dealers use

Most car dealers use a combination of credit reports from transunion, equifax and experian.

a car dealer pulls your credit report from one of the 3 major bureaus when you request financing because they're trying to predict risk in lending you money for a vehicle. the reason that different banks pull different credit bureau's is that many lenders follow an industry standard which provides them with guidelines for what to look for in order to establish if a potential borrower is going to be qualified – usually through an internal scoring system. for example, if someone has a 720 fico score on their experian file, but only a 640 score on their equifax report, then the lender will most likely rate them at risk and deny them credit under

which credit report do dealerships use?

dealerships, including all the top-tier dealers, are well aware of many aspects of credit reports. most are customers of experian, equifax and transunion.

a dealership may use only one credit report or they may use all three. an individual's credit can be underutilized if the dealership only uses one report. if a dealership pulls your information from more than one site – say experian and equifax – it's more reliable for them to do business with you then if they only pulled it from experian or or equifax alone.

for instance, let's look at someone who has a bankruptcy on their record in the past few years but otherwise good credit. they might have a bankruptcy pull on

what credit score do car dealerships need?

car dealerships typically require a credit score of 700 or more.

car dealerships will also take a look at the type of loan you're trying to get- for example, if you want a buy here pay here lease, they may ask for something lower. but in general it looks like around 700 is what they'll aim for. this information can be applied when you buy your car from an individual as well, assuming that person owns their business and not from a dealership since those people probably don't have strict requirements. it could even apply to other types of purchase loans such as furnaces if this type of question ever came up on

which credit bureau is used most?

none is most used. they all exist and need to be monitored.

the three major credit bureaus in use in the united states are transunion, equifax and experian, but they do not contain identical data on americans with good credit history. their databases may use different criteria for what constitutes a “good” score due to local market conditions, such as how much people pay for housing or where they live. this means that it is impossible for one bureau to have complete coverage of us population with excellent credit history because we cannot provide them information; we can give information but they will not know our limitations if we tell them who we work with and when we pulled these limits in order to make sure nobody was

what credit model do auto lenders use?

acceptable credit

this is one of the most commonly-asked questions in an auto purchase. the lenders are looking at your overall fico score, but they are also taking into consideration how much you currently pay on your credit card balance, which they will compared to how much you make. they will also take what kind of job you have and if it's related to car sales. if yes, then they can count on you being good for the payments because that's why most people with bad credit need a car loan in the first place–for transportation. car loans are available even for people who don't have a vehicle or license at all!
the following is taken from gary vasey's answer on

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