app for marv

[clive warren]

Credit Application:

Your Age? 29

Your Equifax Credit Score? 551
Your Experian Credit Score? 553
Your TransUnion Credit Score? 561

How many years have you been on file with Equifax? 5.7 yrs
How many years have you been on file with Experian? 5.7 yrs
How many years have you been on file with TransUnion? 5.7 yrs

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? n/a
How many late pays within the last 13-24 months on the currently open loan? n/a
Your current open auto loan is financed with? n/a
Your current open auto loan payment is? n/a
Estimated amount you may be upside down in this vehicle? n/a
Rate your payment history on this open auto loan from 1-10 (1=poor:10=Best) n/a


YOUR REVOLVING CREDIT HISTORY

Total number of revolving account(s) you have? 1
Total percentage utilized overall? 60
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) 1
How many of your revolving accounts are known subprime credit cards (i.e. Aspire, 1st Premier) 1 (Orchard Bank)

YOUR PERSONAL INFORMATION

How long at your current residence? 1.5 yrs
Do you Rent or have a Mortgage, or Live w/Relative or Other? Rent
Your Monthly Rent or Mortgage payment? 390
How long have you held your current job? 1 month, previous job 1.5 yrs
Your total provable monthly gross income is? 2500
Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return) Check stubs
Is there additional monthly income? What amount monthly? no
Describe the source.
Is the additional monthly income provable?


YOUR DOWNPAYMENT
Please tell me your exact down payment in cash? (rebates and trade equity are not considered, please input a dollar value only.) 4000
Does any credit repository contain any Public Record? no
If yes, please very briefly describe.

Does any credit repository contain any Collection Account(s)? Yes
If yes, please very briefly describe. 3 unpaid medical collections EX and EQ, 1 unpaid medical collection TU

Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) 6
Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best) 6
Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best) 8

New or Used vehicle you are considering: Please very briefly describe. 2011/2012 Ford Fusion or Kia Optima 18-20k

 

Thanks for your time.

[MarvBear]

Have you even had an automobile loan that was PIF, or any substantial installment credit line that was well paid in an amount of at least $5,000.00?

[clive warren]

Unfortunately not, first time buyer. Two student loans with some lates in the past year.

[MarvBear]

Maybe with some money down.

[clive warren]

Sorry, I think I put it in the wrong place, but I put 4000 down. I got a 2011 Fusion last night. The actual loan amount was 13k and change, 15.56%, 330 for 60 months. I know i don't have very good credit, so I'm happy. Already been working on my credit, I plan to refinance within two years.

[BRBiz]

Sorry, I think I put it in the wrong place, but I put 4000 down. I got a 2011 Fusion last night. The actual loan amount was 13k and change, 15.56%, 330 for 60 months. I know i don't have very good credit, so I'm happy. Already been working on my credit, I plan to refinance within two years.

Congrats!...That seems like a pretty decent rate considering your scores and being a first timer buyer..Who is the lender?

[clive warren]

Capital one, they had given me a slightly better deal a little over a year ago when I applied directly, but I didn't have the down payment then and picked up a couple of lates last year.

[BRBiz]

Make your payments for 6 months to a year and then apply at a CU for a refinance.. Possibly adding a CC will help bring your scores up some and help with the refinance.

[clive warren]

I recently joined a local cu, got denied for the loan but opened a secured card to go with my orchard bank.