Credit App

[iCarl]

Your Age? 19

 

Your Equifax Credit Score? 710 (FAKO) 557 (FICO, due to CapOne Chargeoff)

Your Experian Credit Score? 719 (FAKO)

Your TransUnion Credit Score? 723 (FAKO)

 

*Do not have enough history to pull FICOs*

 

How many years have you been on file with Equifax? 0

How many years have you been on file with Experian? 0

How many years have you been on file with TransUnion? 0

 

YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY

 

Do you have an open auto loan? No.

Will this open auto loan be a trade-in? N/A

How many late pays within the last 12 months on the currently open loan? N/A

How many late pays within the last 13-24 months on the currently open loan? N/A

Your current open auto loan is financed with? N/A

Your 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 (1=poor:10=Best) N/A

 

 

YOUR REVOLVING CREDIT HISTORY

 

Total number of revolving account(s) you have? 4

Total percentage utilized overall? 0%

How many of your revolving accounts are store cards? 3

How many of your revolving accounts are major credit cards? (i.e. Amex, MC, Visa) 1

How many of your revolving accounts are known subprime credit cards (i.e. Aspire, 1st Premier) 0

 

YOUR PERSONAL INFORMATION

 

How long at your current residence? 8 years

Do you Rent or have a Mortgage, or Live w/Relative or Other? Live w/relative

Your Monthly Rent or Mortgage payment? $375

How long have you held your current job? 2 years

Your total provable monthly gross income is? $2800

Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return, or bank statements) Bank statements, paycheck stubs, taxes

Is there additional monthly income? What amount monthly? Yes. About $1200 each month.

Describe the source. Computer repair business.

Is the additional monthly income provable? Yes.

Spousal income is not applicable.

 

YOUR DOWNPAYMENT

Please tell me your exact down payment in cash? (rebates and trade equity are not considered, please input a dollar value only.) $2000

Does any credit repository contain any Public Record?

If yes, please very briefly describe.

 

Does any credit repository contain any Collection Account(s)? Yes

If yes, please very briefly describe. Capital One charge-off from 2006-2007 (reporting on EQ only) - was a result of ID fraud - in dispute now

 

Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) 10

Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best) 1 (Don't have any)

Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best) 10

 

In the limited time I've had credit...I've paid in full each month. I don't believe in using credit unless you treat it like cash or if it's for a major purchase (car, house, etc.)

 

New or Used vehicle you are considering: Please very briefly describe.

 

2001 BMW 525i, total cost $7900...

Edited November 8, 2009 by iCarl

[MarvBear]

probably your best bet would be to get yourself a qualified co-applicant from your family. That might allow an overlook from your past indescretions. Although, if you have filed an identity theft report, the credit reporting agencies should but a block on that information in a matter of a very few days.

[Kalon]

ayo my man...i don't think that you should get an auto loan on an 8 year old car. in MY OPINION..you should only finance a car that is either brand new or 3 years old or less...the older the car, the loan term needs to be shorter. you dont want to get an 8 year old beamer and take 5 years to pay it...it will be a 13 year old car then that will likely have had some kind of problem not battery/tire related.