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Posted in Auto Loans
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ronaldtbrown47

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When applying for credit why is CK 778 but FICO is 678 which one do they use?
I'm I better off just paying cash to buy a new truck? Because of the hard hit?

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You'd be better off to do some reading about credit.

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Most lenders use a version of FICO, you have more than one FICO score. You have three different credit bureaus and many different versions of FICO. For auto loans most lenders will use an auto version of FICO.

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Avoiding getting a loan because you want to avoid getting "Hard Inquiries" really doesn't make any sense. Hard Inquiries are not that big of a deal and they are necessary to get credit. The benefit of paying cash would be to save money (you wouldn't pay interest) not to avoid hard inquiries.

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For your future benefit read all that you can about credit, if you have any questions along the way, feel free to ask, but a lot of reading is the only way to really gain knowledge on credit.

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