A consumer's credit score range could vary as much as 100 points among the three credit bureaus, according to 700Credit. To give auto loan borrowers more options, dealerships should pull credit scores from multiple bureaus and encourage their lending partners to accept scores from two or even three bureaus, rather than just their primary source, executives say.
Factors such as old data or reporting errors could adversely impact a credit score at one bureau compared to another, said Susan Burke, vice president of product and marketing at 700Credit, a supplier of credit and compliance solutions to dealerships.
"It all comes down to what their lenders want, accept, or demand," Burke told Automotive News. Dealerships are "only going to pull what their lender wants to see."