Wednesday, July 15, 2009

I have an Auto Loan Question. CoApp FICO below cut off mean?

what does %26quot;CoApp FICO below cut off%26quot; mean?



I tryed to get an auto loan but that is what the decline letter said.



Does that mean my Co-signers credit wasn't good enough?



I have an Auto Loan Question. CoApp FICO below cut off mean?

Your assumption is correct...A FICO score..meaning a Fair Issaic score...which is the primary credit scoring methodology...says your co-signer did not meet the minimum required score...



He or she must have had credit issues in the past...Is that really fair..not sure..but I hope it answers your question

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