7 replies to this topic

[bsmooth7]

Credit Application:

Your Age? 36

Your Equifax Credit Score? 790
Your Experian Credit Score? 740
Your TransUnion Credit Score? 755

How many years have you been on file with Equifax? 12
How many years have you been on file with Experian? 19
How many years have you been on file with TransUnion? 15

YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY

Do you have an open auto loan? No
Will this open auto loan be a trade-in? NA
How many late pays within the last 12 months on the currently open loan? NA
How many late pays within the last 13-24 months on the currently open loan? NA
Your current open auto loan is financed with? NA
Your current open auto loan payment is? NA
Estimated amount you may be upside down in this vehicle? NA
Rate your payment history on this open auto loan from 1-10 (1=poor:10=Best) NA


YOUR REVOLVING CREDIT HISTORY

Total number of revolving account(s) you have? 2
Total percentage utilized overall? 0%%
How many of your revolving accounts are store cards? 2
How many of your revolving accounts are major credit cards? (i.e. Amex, MC, Visa) 0
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? 1 year
Do you Rent or have a Mortgage, or Live w/Relative or Other? Rent
Your Monthly Rent or Mortgage payment? $2400
How long have you held your current job? 4 years
Your total provable monthly gross income is? $100,000.00+ ammended at the OP REQUEST
Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return) Tax return
Is there additional monthly income? What amount monthly? No
Describe the source.
Is the additional monthly income provable? NA
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.) $20,000
Does any credit repository contain any Public Record? No
If yes, please very briefly describe.

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) 10
Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best) 10
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.New 2013 Mercedes C63 Total Cost: $90,000 Loan Request from Penfed = $70,000

Edited by MarvBear, 02 August 2012 - 06:53 PM.
chanded income at OP request

[MarvBear]

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[MarvBear]

So what did Penfed say?

[bsmooth7]

So what did Penfed say?

Rejected.
Not enough revolving credit.
Geez.

[MarvBear]

probably cause your Eqyptian also.

[bsmooth7]

probably cause your Eqyptian also.

No pyramiding for me, just no revolving credit (only active revolving is target redcard with $200 limit)
Dealership got me 3.9% with chase.
I called Chase and spoke to a contact of mine and got 2.6%
Will open 1-2 revolviing accts with high credit limits and then refi with a credit union or chase in a few months

This is with equifax fico 805, trans fico 789 and equifax pinnacle 852

[MarvBear]

congrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrats

[bsmooth7]

congrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrats

Thanks Marv.

BTW, it should say 100k+ annual, only 9K monthly
My mistake...