Toyota Financial Services - Which credit bureau do they use?

swich2mac · 07-13-2009, 06:33 PM

Title says it all. For those of you who recently financed with TFS, can you tell me which of the 3 credit bureaus they use to determine your interest rate? Thanks!

Scott

jay_man2 · 07-13-2009, 07:07 PM

TFS has consistently checked Equifax whenever I've let them pull a report, and as recently as last month.

swich2mac · 07-13-2009, 07:11 PM

Quote:

Originally Posted by jay_man2

TFS has consistently checked Equifax whenever I've let them pull a report, and as recently as last month.

I was afraid of that. My equifax score is MUCH lower than my Experian and TransUnion scores. The later two are within 1 point but Equifax is killing me.

Zythryn · 07-13-2009, 08:07 PM

You may want to check and see if you can find a reason for the large difference.
It may be that Equifax has an erroneous entry affecting your score with them.

stream · 07-13-2009, 09:04 PM

I leased through TFS and they used Experian.

1SMUGLEX · 07-13-2009, 09:58 PM

It depends on what the finance manager can do for you. They usually pull EQ but they will pull all your scores. You also have an adjusted "auto score".

You see a good finance manager doesn't just see the damn score pop up in the system and say yes/no. THey should look deep to see trends, ratios etc.

For example, lets say you have a low 600 score and you are/have been late with a credit card or two BUT BUT BUT you have NEVER missed a car note in 5 years or so. Well this tells the story that you take your car payments VERY SERIOUSLY and will pay on time even if your score is low and for whatever reason you pay your other bills late.

Good luck.

swich2mac · 07-13-2009, 11:46 PM

Quote:

Originally Posted by 1SMUGLEX

It depends on what the finance manager can do for you. They usually pull EQ but they will pull all your scores. You also have an adjusted "auto score".

You see a good finance manager doesn't just see the damn score pop up in the system and say yes/no. THey should look deep to see trends, ratios etc.

For example, lets say you have a low 600 score and you are/have been late with a credit card or two BUT BUT BUT you have NEVER missed a car note in 5 years or so. Well this tells the story that you take your car payments VERY SERIOUSLY and will pay on time even if your score is low and for whatever reason you pay your other bills late.

Good luck.

Thanks! I'm not too concerned as my lowest score is 700 while my other two are 725. With the "Auto FICO" added in, my score should be even higher as I have never been late on any previous auto loans. Thanks for chiming in on this thread!

Scott

07-13-2009, 06:33 PM	#1
swich2mac Go Hard or Go Home! Join Date: Apr 2009 Location: Nashville, TN Posts: 172 My Car: 2010 Prius Model: V Package: Adv. Technology Thanks: 0 Thanked 3 Times in 2 Posts Friends: 0	Toyota Financial Services - Which credit bureau do they use? Title says it all. For those of you who recently financed with TFS, can you tell me which of the 3 credit bureaus they use to determine your interest rate? Thanks! Scott

07-13-2009, 07:07 PM	#2
jay_man2 jay_man_also Join Date: Jun 2009 Location: Manassas, VA Posts: 1,249 My Car: Other Non-Hybrid Model: N/A Package: N/A Thanks: 58 Thanked 123 Times in 93 Posts Friends: 3	Re: Toyota Financial Services - Which credit bureau do they use? TFS has consistently checked Equifax whenever I've let them pull a report, and as recently as last month.

07-13-2009, 08:07 PM	#4
Zythryn Senior Member Join Date: Apr 2008 Location: Minnesota Posts: 437 My Car: 2008 Prius Model: Package: #6 Thanks: 22 Thanked 15 Times in 11 Posts Friends: 2	Re: Toyota Financial Services - Which credit bureau do they use? You may want to check and see if you can find a reason for the large difference. It may be that Equifax has an erroneous entry affecting your score with them.

07-13-2009, 09:04 PM	#5
stream Senior Member Join Date: May 2008 Location: SF Bay Area Posts: 919 My Car: 2010 Prius Model: V Package: Navigation Thanks: 58 Thanked 188 Times in 114 Posts Friends: 2	Re: Toyota Financial Services - Which credit bureau do they use? I leased through TFS and they used Experian.

07-13-2009, 09:58 PM	#6
1SMUGLEX I love the smug! Join Date: Apr 2009 Location: Atlanta Posts: 141 My Car: Other Hybrid Model: N/A Package: N/A Thanks: 8 Thanked 8 Times in 7 Posts Friends: 0	Re: Toyota Financial Services - Which credit bureau do they use? It depends on what the finance manager can do for you. They usually pull EQ but they will pull all your scores. You also have an adjusted "auto score". You see a good finance manager doesn't just see the damn score pop up in the system and say yes/no. THey should look deep to see trends, ratios etc. For example, lets say you have a low 600 score and you are/have been late with a credit card or two BUT BUT BUT you have NEVER missed a car note in 5 years or so. Well this tells the story that you take your car payments VERY SERIOUSLY and will pay on time even if your score is low and for whatever reason you pay your other bills late. Good luck.

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