4 replies to this topic

[finfin]

Credit Application:

Your Age? 29

Your Equifax Credit Score? 600
Your Experian Credit Score? 586
Your TransUnion Credit Score? 592

How many years have you been on file with Equifax? 8
How many years have you been on file with Experian? 8
How many years have you been on file with TransUnion? 8

YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY

Do you have an open auto loan? Yes
Will this open auto loan be a trade-in? No, cosigned for someone else
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? Regional Acceptance
Your current open auto loan payment is? $698
Estimated amount you may be upside down in this vehicle? 0
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? 7
Total percentage utilized overall? 77%
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) 3
How many of your revolving accounts are known subprime credit cards (i.e. Aspire, 1st Premier) 1

YOUR PERSONAL INFORMATION

How long at your current residence? 1 yr
Do you Rent or have a Mortgage, or Live w/Relative or Other? Rent
Your Monthly Rent or Mortgage payment? $488
How long have you held your current job? 4 yr
Your total provable monthly gross income is? 2986
Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return) Pay stub
Is there additional monthly income? What amount monthly? No
Describe the source.
Is the additional monthly income provable?
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.) 500
Does any credit repository contain any Public Record? No
If yes, please very briefly describe.

Does any credit repository contain any Collection Account(s)? 1 collection, 3 charge offs
If yes, please very briefly describe. Not paid, 5 yrs old total 1039

Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) 3
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) 10

New or Used vehicle you are considering: Please very briefly describe.
Used vehicle I don’t actually care what kind I just need a vehicle that I can put my dog in.

[MarvBear]

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[MarvBear]

Unless there is like 3 months left on the auto loan that you do not intend to trade, I do not think you will qualify for a second automobile without additional income

[finfin]

Well I appreciate you taking a look! Lesson learned no more co-signing for anyone else ha ha, maybe someone can learn from this though who knows.

[MarvBear]

Just get yourself a qualified co-applicant. Regional is a subprime lender, perhaps with additional income you can do better this time around.