Credit Reports
FAQ
Auto loan questions and answers in the
Credit Inquiries category
Return to Frequently Asked Questions home.
I would like to know what credit reporting agency you use to pull credit reports. Also, is there a minimum beacon score I must have
to qualify for a loan? I do not want to pull my credit report if not necessary.
The authorized dealer in your area will generate a credit inquiry to determine which lender programs you qualify for. The reporting
agency used varies by location. Also, the lender that your application is submitted to will also generate an inquiry. Most lenders
now use a service that merges all three major credit reports. The authorized dealer in your area has access to lenders that may
ignore the credit score on the credit report. If your score is less than 525 on average, your auto loan request would be limited
to those lenders.