Learn moreįICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Your lender or insurer may use a different FICO ® Score than the versions you receive from myFICO, or another type of credit score altogether. All rights reserved.Īll FICO ® Score products made available on include a FICO ® Score 8, and may include additional FICO ® Score versions. I'm really happy with the car and the numbers were right where I wanted to be - interest rate was all on our credit so to no one's fault but our own.Ĭopyright ©2001- Fair Isaac Corporation. I didnt want my credit shotgunned all over so I took TFS 8.99% knowing I can refi next year if rates are good - I just need to pay off some things and get my utilization down, then my score should be in the 700s. The kicker is the interest - we got 8.99% with Toyota Financial Services - I was hoping for 6.5% but they couldnt get it there after trying 3 banks. Ok here's how we came out on this deal - got a 2018 TRD premium with 57 miles on it sticker price was $45,595 they came down to $41,199 I owed $30,758 on my lease they gave me $27,200 (which is about $1500 more than anyone else quoting me) so $3,558 neg equity - lease is up April 2019 but I since I have doubled the allowed mileage I was needing to get out quick and $3558 is half of what I would have paid in payments if I had kept the lease until April and added even more miles (leases arent for me!!) I also purchased GAP for $900. ultimately though finances > FICO, and TFS has a loan for just about everyone and it's something they pride themselves on (or did when I worked there in their IT department 7ish years ago). Haven't seen this confirmed as of yet, and it's a minor penalty for classic FICO 8, but CFA is definitely a thing for the FICO 04 / FICO 98 mortgage trifecta unfortunately. We saw some recent data which suggested Honda (I didn't see TFS explicitly but they're probably similar if this is true) was now a CFA, and that's a recent characterization too as I'm nearly 100% confident that wasn't the case years ago. Her FICO's are all in the 800's.Ī CFA doesn't exclude you from that, I broke 820 on two bureaus with a confirmed CFA for FICO 8 and unfortunately there's no CFA notation on a tradeline explicitly, have to look in the reason codes. ![]() I can't speak to loans but the TFS lease on my wife's credit is listed as an Auto Loan. Only problem is, I heard recently that their loans count as consumer finance accounts now, which hurt your credit score. I know we wont be tier 1 but anyone know what tier 2 odds would be and what bureau they will look at? I just want to be be prepared - also sending my desired price with trade in etc to 3 dealers within a 300 mile radius will finalize credit app once the terms of purchase are can finance down to deep sub prime. ![]() ![]() Overall credit is good, no lates, medical collection 6 years ago for $180 Car and house payments no issues so what is hurting us is the high utilization but it will be handled just not soon enough. Utilization is high - 90% (had our well go out and had to put in some expensive quick repairs and an emergency denatl surgery with crappy insurance - plan to have utilization down to 50% by January) My lease is up on my Yukon in a few months so need to get it t traded soon. Has anyone had any issues getting approved through TFS (Toyota)? I'm looking at a 4Runner TRD Premium or Pro - My husband and I are applying jointly and are looking at 72 month purchase financing $45,000-$47,000 $0 down - below is credit income situtaion:
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