App for Marv

[skemo]

Credit Application:

 

Your Age: 43

 

Your Equifax Credit Score: 622 FICO

Your Experian Credit Score: 648 FICO

Your TransUnion Credit Score: 651 FICO

 

How long have you been on file with the CRA?s? 13 Yrs

 

Previous Automotive Credit History:

Do you have an open auto loan? No

Will this loan be a trade-in? No

Number of late pays within the last 12 months on the currently open loan?

Number of late pays within the last 13-24 months on the currently open loan?

Current open auto loan is financed with?

Current open auto loan payment is?

Estimated amount you may be upside down in this vehicle?

Rate this open auto loan from 1-10 (10=BEST)

 

Revolving Credit History:

Total number of revolving accounts? 13 (11 opened in last 4 months) others opened 1/2001 & 7/2003

Total percent utilization overall? 28%

 

Your Information:

How long at residence? 4.5 yrs

Rent/Homeowner/Live with relative? Rent

How long at current job? 8 months

Total Provable MONTHLY GROSS INCOME? 3000

Provable via computerized paystub or what method? Paystub

 

Your Downpayment in CASH: $500

Rebates not considered; Trade Equity not considered: CASH ONLY PLEASE INPUT.

 

Does any credit repository contain any Public Record? Yes

Is so, please describe. Chp 7 BK filed in Aug 2000

 

Does any credit repository contain any Collection Account(s) No

If so, please describe.

 

New or Used Vehicle you are considering; please describe: New. Not sure of model. Sticker around 16k to 20k

 

Your creditworthiness on a scale of 1-10 with 10 being the best: 5

OVERALL credit:

Installment Credit History: Defaulted student loans, now consolidated in Jul 2005

Revolving Credit History: No late payments ever. 11 recently opened accts.

 

 

Marv,

 

Do you have any idea what kind of interest rate I could qualify for?

[MarvBear]

BK7 DISCHARGED OR DISMISSED?

[skemo]

BK7 DISCHARGED OR DISMISSED?

 

Discharged in December 2000

 

1 IIB Cap1 CC shows on TU and EX.

[hoapres]

I suspect approval. Too many factors exist to accurately predict an interest rate but I suspect the major factor will be the date of last delinquency on the student loans. If the student loan default was resolved more than 24 months ago then it will have less effect than a recent default. Also, a larger downpayment may get you a better interest rate.

[MarvBear]

1K down then definate approval.