No. of Recommendations: 2
We're thinking of buying a new car and that will likely come with a car loan. Anticipating this, she's tried to unfreeze her credit. TransUnion and Experian were happy to oblige. Equifax was not. Is this going to be a problem?

You need to ask the lender that you plan on using if they need to pull your credit report from Equifax for a car loan. For a mortgage it would be a problem, as mortgage lenders generally require acceptable credit reports from all 3 bureaus for both applicants on joint loans. Car loans sometimes want all 3 bureaus, or sometimes use one particular bureau.

If your preferred lender will need her Equifax credit bureau, you have some options. If you can document enough income to qualify for the car loan on your own, you could apply for it on your individual credit. Or you could find another lender.

AJ
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No. of Recommendations: 2
We're thinking of buying a new car and that will likely come with a car loan. Anticipating this, she's tried to unfreeze her credit. TransUnion and Experian were happy to oblige. Equifax was not. Is this going to be a problem?

You need to ask the lender that you plan on using if they need to pull your credit report from Equifax for a car loan. For a mortgage it would be a problem, as mortgage lenders generally require acceptable credit reports from all 3 bureaus for both applicants on joint loans. Car loans sometimes want all 3 bureaus, or sometimes use one particular bureau.

If your preferred lender will need her Equifax credit bureau, you have some options. If you can document enough income to qualify for the car loan on your own, you could apply for it on your individual credit. Or you could find another lender.

AJ
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No. of Recommendations: 1
Do you have an account at a credit union? Maybe you could ask about financing there, and ask them about it. I have financed 2 cars through a credit union and they were easy to do business with.
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No. of Recommendations: 2
Do you have an account at a credit union? Maybe you could ask about financing there, and ask them about it. I have financed 2 cars through a credit union and they were easy to do business with.

If the credit union requires an Equifax credit pull to approve their auto loans, the Bonnie will still need to get the Equifax credit file unfrozen. It depends on their rules for lending - some lenders require credit reports from all 3 credit bureaus.

AJ
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No. of Recommendations: 1
Update: EquiFax came through and unfroze Bonnie's credit. The manufacturer had excellent terms so we financed through them.

Thanks y'all for the suggestions.

Regards,

- HCF
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