Credit App for Marv

[darthvader]

Credit Application:

 

Your Age? 31

 

Your Equifax Credit Score? 580

Your Experian Credit Score? 580

Your TransUnion Credit Score? 580

 

How many years have you been on file with Equifax? 14

How many years have you been on file with Experian? 13

How many years have you been on file with TransUnion? 13

 

YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY

 

Do you have an open auto loan? Yes, but will show as PIF by the time I buy (car was totaled and I bought Gap insurance)

Will this open auto loan be a trade-in?

How many late pays within the last 12 months on the currently open loan? 1

How many late pays within the last 13-24 months on the currently open loan? 0

Your current open auto loan is financed with? Nuvell

Your current open auto loan payment is? 601

Estimated amount you may be upside down in this vehicle?

Rate your payment history on this open auto loan from 1-10 (1=poor:10=Best) 8

 

 

YOUR REVOLVING CREDIT HISTORY

 

Total number of revolving account(s) you have? 24

Total percentage utilized overall? 60%

How many of your revolving accounts are store cards? Six

How many of your revolving accounts are major credit cards? (i.e. Amex, MC, Visa) 4

How many of your revolving accounts are known subprime credit cards (i.e. Aspire, 1st Premier) 3

 

YOUR PERSONAL INFORMATION

 

How long at your current residence? 3.5 years

Do you Rent or have a Mortgage, or Live w/Relative or Other? Mortgage(s) (x2)

Your Monthly Rent or Mortgage payment? $2,350 total monthly

How long have you held your current job? 2.5 years

Your total provable monthly gross income is? ~11,000

Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return, or bank statements) computerized paycheck stub or tax returns or bank stantements (I have all of them, annual income last year on tax return was $165k)

Is there additional monthly income? What amount monthly? No

Describe the source. N/A

Is the additional monthly income provable? N/A

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.) $1500

Does any credit repository contain any Public Record? No

If yes, please very briefly describe.

 

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

If yes, please very briefly describe. Yes; 2-3 on each report. Comcast, $79, AFNI $488

 

Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) 5

Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best) 5

Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best) 3

 

New or Used vehicle you are considering: Please very briefly describe. A very sexy Honda Odyssey minivan. Circa 2005-ish

[MarvBear]

I'll predict a very sexy approval.

[darthvader]

Sweet- thanks Marv!

[darthvader]

Hi Marv,

 

Thank you again for the counsel. I bought a 2006 CPO Navigator with Ford Credit for $26,000. I put $3300 down and financed the balance at 4.9%. You called it...!

[MarvBear]

congrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrats.

[worm]

wow, you got 4.9% with a 580 score. Thanks great. Any idea what your AE score was and who did they pull. What State are you in. I am in the same boat and will be purcashing a New Ford in March.

[darthvader]

Awesome. So now that I've purchased a new Navigator, our other car has gone dead. Marv- will a second car be as easy to finance as the first?

Thanks again.

[MarvBear]

Awesome. So now that I've purchased a new Navigator, our other car has gone dead. Marv- will a second car be as easy to finance as the first?

Thanks again.

 

depends on if your dealer had multiple approvals from your first deal. If so, then time's a wasting.

 

If not, then when the FMCC loan shows up, will be tougher.