3 replies to this topic

[hindsight is 20/20]

Credit Application:

Your Age? 53

Your Equifax Credit Score? 671 (MYFICO Score)
Your Experian Credit Score? 610 (MYFICO Score)
Your TransUnion Credit Score? 660(MYFICO Score)

How many years have you been on file with Equifax? 22
How many years have you been on file with Experian? 19.3
How many years have you been on file with TransUnion? 22 yr 11 months

YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY

Do you have an open auto loan? yes
Will this be a trade in? No.
How many late pays within past 12 months on currently open loan? None
How many late pays within past 13 - 24 months? None
Current open loan financed with? Wells Fargo
Current loan payment? 330
Estimated amount you may be upside down in this vehicle? Not sure. It's a 2006 Scion XB in great condition with 70,000 miles. Payoff is approx 11,000. Three years left on loan.
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? 11
Total percentage utilized overall? 45
How many of your revolving accounts are store cards? 6
How many of your revolving accounts are major credit cards? 2
How many of your revolving accounts are known subprime credit cards? 2
I have three student loans that are currently in deferral status.

YOUR PERSONAL INFORMATION

How long at your current residence? 6 years
Do you Rent or have a Mortgage, or Live w/Relative or Other? Live with relative
Your Monthly Rent or Mortgage payment? n/a
How long have you held your current job? 28 years
Your total provable monthly gross income is? 5474.20
Your provable monthly gross income is provable via what method? Computerized Paycheck Stub
Is there additional monthly income? No


YOUR DOWNPAYMENT
Please tell me your exact down payment in cash? 1,000
Does any credit repository contain any Public Record? No


Does any credit repository contain any Collection Account(s)? Yes Transunion but I paid it off today.
The amount is 424.It is 4 1/2 years old.

Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best): 9
Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best): 8
Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best): 7

New or Used vehicle you are considering: Used Honda Accord with low mileage or Toyota Camry. I just need a good mid sized car. Mine last weekend. I had no intention of buying a car in the next three years. Need a car note no more than 350 a month.

Thanks!

[MarvBear]

Why no trade in?

[hindsight is 20/20]

The open loan is for a car my son and daughter share at college. My car was paid for but needs major work, more than value of car.

[MarvBear]