 TITLE: Which Credit Score Is Used for Car Loans? CONTENT: What Is the Difference in Credit Scores?\n----------------------------------------\nWhile the fundamentals behind consumer credit scoring models are similar, each credit scoring model uses specific criteria to analyze one of your credit reports and generate a credit score.\nSometimes there are small, but potentially important, differences. For example, one credit scoring model might ignore paid collections accounts while another might consider a collections account a negative item even if it's been paid.\nFICO® and VantageScore are the two market leaders in credit scoring, and the base scoring models they create also share some similarities.\nEach model only looks at the information in one of your credit reports from Experian, Equifax or TransUnion to determine your score. A higher score is best because it indicates you are less likely to miss a loan payment.\nThe latest base models also have the same scoring range: 300 to 850. However, FICO® also has industry-specific scores, including scores for auto lenders, that range from 250 to 900. END