Are auto loan credit scores different?

The short answer is yes. FICO, the largest supplier of credit scores to financial institutions, has several industry specific scores including what they call the FICO Auto Score. While all scores are based on the same information, industry specific scores like the FICO Auto Score are weighted more heavily on data specific to the type of credit being sought. For example, if two individuals are looking for an auto loan, the buyer who defaulted on a credit card is more favorable to the lender than the buyer who had a vehicle repossessed.

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