Application for Marv (I finally want a nice car!!)

[cmekillit]

Your Age: 21

Your Equifax Credit Score: 705 FICO

Your Experian Credit Score: 720 FICO

Your TransUnion Credit Score: 714 FICO

 

 

How long have you been on file with the CRA?s? 3 years

Previous Automotive Credit History: No

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? 0

Number of late pays within the last 13-24 months on the currently open loan? 0

Current open auto loan is financed with? n/a

Current open auto loan payment is? n/a

Estimated amount you may be upside down in this vehicle? n/a

Rate your payment history on this open auto loan from 1-10 (10=BEST) n/a

 

Revolving Credit History:

Total number of revolving accounts? 5

Total percent utilization overall? 5%

 

Your Information:

How long at residence? 1 year

Rent/Homeowner/Live with relative? Rent / in process of buying.

How long at current job? 1 years

Total Provable MONTHLY GROSS INCOME? $6000 (Business Sales Rep, t-mobile)

Provable via computerized paystub or what method? Computerized paycheck stubs

Your Downpayment in CASH: $20,000

 

 

Does any credit repository contain any Public Record? No

Is so, please describe.

 

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

If so, please describe.

 

New or Used Vehicle you are considering; please describe: (either of these three)

Used 1998 Dodge viper GTS (30,000 miles good condition) est. $45,000

Used 2001 porsche 911 c2 coupe (30,000 miles good condition) est. $40,000

Used 2003 Hummer (30,000 miles good condition) est. $35,000

 

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

OVERALL credit: 7

Installment Credit History: 8

Revolving Credit History: 10

 

Do I have a chance at any of these cars? I bought my first car with cash so I'm worried I don't have enough history to be approved. I'm also concerned it will be tough to get approved for a used car, especially the dodge because I dont quite fit the profile their looking for. This app. is very serious I really would appreciate honest feedback. Thanks!

[savagebasher]

I am no expert.. but with those scores and that down payment, you should be good.

[bbbeaver]

Approved with no problem!

 

Even 1/2 of that down would get you there!

[MarvBear]

What is your highest previously reported credit line?

[cmekillit]

I'm not sure....

Edited April 5, 2006 by cmekillit

[MarvBear]

when you are, let me know.