credit app for Marv

[kimmy17]

Marv,

I've posted before back in Aug. but since our scores have increased and our current auto loan is almost paid off, I wanted to see what your thoughts were for us on financing a used car. I'm looking at a new job that requires more driving time so we wanted something a little better on gas than our jeep.

 

If you think we can get approved, what term and rate do you think we would get?

 

Thanks!

 

 

 

 

Your Age:43

How long have your been on file with the CRA?s? 20 plus years

 

Credit Scores: (approximate)

Equifax? 622

Experian? 654

TransUnion? 646

 

Your Credit:

Rate your OVER ALL credit from 1-10 (10=BEST) 5

Rate your installment Credit from 1-10: 5

Rate your revolving Credit from 1-10: 5

 

Public Records? yes

If yes, please describe: Bankruptcy Chapter 7, discharged April 05.

 

Auto Loans:

Do you have an open auto loan? yes (Will be paid off in 3 months)

How many auto loans are presently open? 1

Are you trading in your open auto loan? No

Are there late pays on your CURRENT auto loan? no

If yes, please list the time frame.

The number of 30 days late in the previous 12 months 0

The number of 30 days late in the previous 13 to 24 months

The number of 60 days late in the previous 12 months

The number of 60 days late in the previous 13 to 24 months

Current open auto loan is financed with? SECU

Current open auto loan payment? 365

Estimated amount you may be upside down in this vehicle?

Rate this open auto loan from 1-10. 10

 

Credit Cards:

Total number of revolving accounts: 4

Percent utilization overall: 60

 

Your Info:

Total Provable MONTHLY GROSS income: 5600.00

Provable via computerized paystubs or what method: computerized paystubs

 

Your Downpayment in CASH: 0 to 1000.00

Rebates not considered; Trade Equity not considered; cash only.

Please use a monetary value. Don't use the typical comments such as "little as possible" etc. I only hear that 4000 times a day. Cut to the chase please.

 

New or Used Vehicle: uses

Please describe desired vehicle: 2003 Volvo S60

 

Please leave any comments that your feel may be pertinent and may lend added weight for a favorable outcome.

[MarvBear]

approved

 

term and rate likely to depend on LTV and vehicle mileage.

[kimmy17]

The price is around 18900 w/ 49000 miles. I looked up value and according to that it's priced w/in value. What rate would we be looking at do you think?

[MarvBear]

I'll seldom predict rate as there are far far too many variables to consider.