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5 replies to this topic

#1 j556

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Posted 20 January 2012 - 09:42 PM

Credit Application:

Your Age? 30

Your Equifax Credit Score? 623 (FICO)
Your Experian Credit Score? 650 (guess)
Your TransUnion Credit Score? 674 (FICO)

How many years have you been on file with Equifax? 11
How many years have you been on file with Experian? 11
How many years have you been on file with TransUnion? 11

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? 0
How many late pays within the last 13-24 months on the currently open loan? 0
Your current open auto loan is financed with? none, was USAA
Your current open auto loan payment is? Was $630
Estimated amount you may be upside down in this vehicle? no
Rate your payment history on this open auto loan from 1-10 (1=poor:10=Best) 10


YOUR REVOLVING CREDIT HISTORY

Total number of revolving account(s) you have? 2
Total percentage utilized overall? 10%
How many of your revolving accounts are store cards? 0
How many of your revolving accounts are major credit cards? (i.e. Amex, MC, Visa) 2
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? 16 months
Do you Rent or have a Mortgage, or Live w/Relative or Other? rent
Your Monthly Rent or Mortgage payment? 1400
How long have you held your current job? 2 years
Your total provable monthly gross income is? 7500
Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return, or bank statements) all
Is there additional monthly income? What amount monthly? $2500-3000
Describe the source. Self employment income
Is the additional monthly income provable? Yes, 1099/1040
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.): 3-10K
Does any credit repository contain any Public Record? Yes
If yes, please very briefly describe. Chapter 7, discharged July 2008

Does any credit repository contain any Collection Account(s)? No
If yes, please very briefly describe.

Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) Not sure how to answer. Chapter 7 a few years ago, but never any late payments before or after.
Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best) See above
Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best) See above, accounts not included in chapter 7 are 10, no lates

New or Used vehicle you are considering: Please very briefly describe. New, 2012 Toyota $38,000, 41K MSPR. I plan to pay tax, tag, title, etc, then up to 10K total for down payment, want to minimize down payment if APR would be low. Looking for 48-60 month term.



#2 MarvBear

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Posted 20 January 2012 - 09:42 PM

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#3 MarvBear

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Posted 20 January 2012 - 10:09 PM

approved

#4 j556

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Posted 21 January 2012 - 01:08 AM

approved

So is that approved at <5%, 5-10% or >10%. <5% and I will pull the trigger, 5-10% and I will have to do some work in Excel, >10% I'll just keep my current vehicle.

#5 hoapres

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Posted 21 January 2012 - 04:21 AM

Difficult to predict interest rates. The interest rate depends upon a number of factors one of which might be the size of the downpayment.

#6 MarvBear

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Posted 21 January 2012 - 09:12 AM

http://creditboards....howtopic=159286




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