Page 11 - Everything You Need To Know About Personal and Business Credit by Adrean Yancy

Everything You Need To Know About Personal & Business Credit

Auto Loan: FICO 8 and FICO
9 are widely used in auto
loans, although there are
other speci c auto loan
scores. These are the scores
available for each credit
bureau:
1. Experian uses FICO Auto

Score 2 & 8.
2. Equifax goes with FICO Auto
Score 5 & 8.
3. TransUnion makes use of
FICO Auto Score 4 & 8.

4. FICO Auto Score 9.

As seen above, the three
agencies use FICO 8.

Mortgage Loan: Primarily
run by Freddie Mac & Fannie Credit Cards: The most
Mac. The US Congress sensitive data used is your
created the two companies, credit card history, in other
and they help by buying words, how you have used
mortgages from lenders and your credit card. However,
rebranding for resale. These these are the FICO Bankcard
heavy government support scores used by credit
companies dictate which bureaus:
FICO scores are to be used 1. Experian uses FICO Bankcard
by lenders. Here are the Score 2 & 8.

FICO scores: 2. Equifax uses FICO Bankcard
Score 5 & 8.

1. Experian uses FICO Score 2. 3. TransUnion uses FICO
2. Equifax makes use of FICO Bankcard Score 4 & 8.
Score 5 or Equifax Beacon 4. FICO Bankcard Score 9.
5.0).
3. TransUnion uses FICO Score Again, FICO Bankcard 8 is the only
4. one used by all three bureaus.

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