8 replies to this topic

[92GreenGT]

Your Age? 25

Your Equifax Credit Score? 709
Your Experian Credit Score? 703
Your TransUnion Credit Score? 704

How many years have you been on file with Equifax? 7
How many years have you been on file with Experian? 7
How many years have you been on file with TransUnion? 7

YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY

Do you have an open auto loan? Yes
Will this open auto loan be a trade-in? No
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? Powell Valley National Bank
Your current open auto loan payment is? 325$
Estimated amount you may be upside down in this vehicle? $7800
Rate your payment history on this open auto loan from 1-10: 10


YOUR REVOLVING CREDIT HISTORY

Total number of revolving account(s) you have? 6
Total percentage utilized overall? 60%
How many of your revolving accounts are store cards? 1
How many of your revolving accounts are major credit cards? 4
How many of your revolving accounts are known subprime credit cards? 0

YOUR PERSONAL INFORMATION

How long at your current residence? 25 years
Do you Rent or have a Mortgage, or Live w/Relative or Other? No
Your Monthly Rent or Mortgage payment? 0
How long have you held your current job? 2 Years, 3 months
Your total provable monthly gross income is? 4500
Your provable monthly gross income is provable via what method? Paystub
Is there additional monthly income? What amount monthly? No
Is the additional monthly income provable? --

YOUR DOWNPAYMENT
Please tell me your exact down payment in cash? $500
Does any credit repository contain any Public Record? No
Does any credit repository contain any Collection Account(s)? No

Please rate your overall creditworthiness on a scale of 1-10: 9
Please rate your Installment credit history on a scale of 1-10: 9
Please rate your Revolving credit history on a scale of 1-10: 9

New or Used vehicle you are considering: Used 2011 Ford Mustang GT

-Edit-
Car around 26k, utilization is a little high currently(thus why the lower than my average ficos) but I'm just curious about how it sits currently.

Edited by 92GreenGT, 16 February 2012 - 01:45 PM.

[92GreenGT]

Also, done app on lunch and misread the part about being upside down on the loan, I thought it said "Owe On Loan" so the actual upside down amount is "0"

[MarvBear]

Would consider with trading open auto loan or proof open auto loan is PIF.

[92GreenGT]

Would consider with trading open auto loan or proof open auto loan is PIF.

Thanks

Would a lower utilization on the cards help out with keeping the open loan and getting the other car as well?

[MarvBear]

Who will be the principal driver of the second vehicle you want to finance?

[92GreenGT]

Who will be the principal driver of the second vehicle you want to finance?

I would.

The other loan is the vehicle my wife drives.

[MarvBear]

I'd suggest you tender a joint application for the best results then.

[92GreenGT]

I'd suggest you tender a joint application for the best results then.

Thanks.

Her credit history is under the 3 rule(only about a year worth) will that hurt the chances or help since it'll be another income source? Thanks

[MarvBear]

It would obviously support the need of a second vehicle.

I think it would help gain an approval.