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Posted in Auto Loans
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OutBackDreams17

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Will/do banks look at an avarage score or current score for a car loan?
My score recently changed by 70+ points. I want to get a car loan.

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Well...

Any lender checks the current score at time of application, but...
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Banks may look at one credit bureau, all three (Transunion, Equifax, Experian), or just two of the three; it depends on the bank. If they check more than one bureau, they average the FICO scores from all the bureaus they check. 

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...does that help explain it any?

Top Contributor
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Every lender is different. Most use a set scoring system from set credit bureaus. While "averages" are often done in the mortage lending industry, I am not quite sure that auto lenders use "averages" that often. Be aware that the scores that you get here will most likely NOT be used. Most auto lenders use a version of FICO scores, typically an "auto version" of FICO. They may use one credit bureau or may use all three.

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