Credit APP

[MetalSpine]

CREDIT SCORES:

Equifax: 674 Fako 662

Transunion: 628 Fako 662

Experian: 635 Fako 710

 

YOUR CREDIT:

 

Rate your over all credit on a scale of 1-10: 8

 

Rate your installment credit (auto, mortgage, ect...) on a scale of 1-10: 1 Just opened 1st one ever

 

Rate your credit in the last year on a scale of 1-10: 10

 

How long have you had credit? 12

BK?

if yes:

 

OPEN ACCOUNTS: 12

 

Open auto's (yes or no)?

No.. never

 

if yes:

1. are you trading your open car in (yes or no)?

2. how many open auto's do you have?

3. how did you pay the curent auto (x30 x60 x90)?

4. recent lates?

 

Current credit card balances (its ok):

400-800 Right at 30% or 0 balance on each

 

YOUR INFO

 

Total Gross Monthly Income (provable): 22917.66

Can you prove your income (paystubs or tax returns)? Yes

 

AUTO HISTORY:

 

Have you ever financed an auto before (yes or no)?

if yes: No

1. rate your past auto credit history on a scale of 1-10:

2. who is your current auto financed with:

3. current payment:

4. upside down in your trade (how much $)

 

What You Are Looking For:

 

Are you look into NEW or USED?

if new: USED

1. what car or cars?

Mazda 626 99 35k Miles

Please leave comments that may matter, that have not been asked:

 

WHAT WOULD YOU LIKE TO KNOW?

I bought my girlfriend a ML 55 mercedes, Paid cash

She was driving a Mazda 626 that was financed with BofA at 9.5 with a balloon of 7100.00 Due this month. They will refinance her at the same rate to finish out the loan. She of course doesn't want the mazda but my mother needs a car, recently seperated from 37 year marriage Should I refinance on my own, let BofA keep the business at 9.5% on her credit or pay cash for it. My secondary goal is to build my score over 720 for a large Home Construction loan in a year. With no installment history it keeps my score lower.

 

However I did just secure a partial loan for a Harley for 10,600, does another small loan like this help or hurt?

[MarvBear]

I am not an expert on manipulating FICO scores by any means.

 

The BOA balloon contract is a walk away balloon contract?

[MetalSpine]

Yes it is.

[MarvBear]

Yes it is.

 

Tell me the particulars on the mazda, year trim options miles etc?

[MetalSpine]

99 Mazda 626 35k miles, alloy wheels, power everything, Power sunroof, excellent shape.

[MarvBear]

99 Mazda 626 35k miles, alloy wheels, power everything, Power sunroof, excellent shape.

 

V6 or 4 cylinder

 

es or lx model

[MetalSpine]

4cyl lx

[MarvBear]

MetalSpine:

 

walk away from that car! Ran an auction report on it. with the quoted miles it is not worth 7100 + whatever fees you may have to pay to buy the balloon out.

 

You can do better, as I estimate wholesale value with equipment and miles only to be roughly 5200.00.

 

I hope this helps

[MetalSpine]

Ok, I wil turn it in. She wants a camry or highlander. Guess I will go that route.