Need Advice for Manufacturer Financing...

[F&IGuru]

Hello Marv,

I have a 703 XPN score, my TU and EFX are much lower (610) due to a late payment which I am disputing and balances that haven't updated properly. It shows up on the other two, but does not show on XPN. I have only 1 year of history, decent job no derog on my XPN. Is there a first time buyer program that I could go through, I really need to get a car and I have been renting for the last two weeks. I have little to no down-payment to put down. I have five trade lines 10k high (open four months though), job is 6 months, due to me finishing school. But I didn't graduate, I obtained an offer I couldn't refuse and other circumstances. So I don't think I could go college grad program. If you have any suggestions with any first time buyer programs that look at XPN only I am open to any manufacturer.

 

Much appreciated

 

Thanks...

Edited May 17, 2013 by F&IGuru

[BRBiz]

FYI for him to give a answer you will need to fill out the credit app in the pinned topics section.

[Jnavarro]

Credit Application:

Your Age?

Your Equifax Credit Score?
Your Experian Credit Score?
Your TransUnion Credit Score?

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

YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY

Do you have an open auto loan?
Will this open auto loan be a trade-in?
How many late pays within the last 12 months on the currently open loan?
How many late pays within the last 13-24 months on the currently open loan?
Your current open auto loan is financed with?
Your current open auto loan payment is?
Estimated amount you may be upside down in this vehicle?
Rate your payment history on this open auto loan from 1-10 (1=poor:10=Best)


YOUR REVOLVING CREDIT HISTORY

Total number of revolving account(s) you have?
Total percentage utilized overall?
How many of your revolving accounts are store cards?
How many of your revolving accounts are major credit cards? (i.e. Amex, MC, Visa)
How many of your revolving accounts are known subprime credit cards (i.e. Aspire, 1st Premier)

YOUR PERSONAL INFORMATION

How long at your current residence?
Do you Rent or have a Mortgage, or Live w/Relative or Other?
Your Monthly Rent or Mortgage payment?
How long have you held your current job?
Your total provable monthly gross income is?
Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return)
Is there additional monthly income? What amount monthly?
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.)
Does any credit repository contain any Public Record?
If yes, please very briefly describe.

Does any credit repository contain any Collection Account(s)?
If yes, please very briefly describe.

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

New or Used vehicle you are considering: Please very briefly describe.

[F&IGuru]

Credit Application:

Your Age? 23

Your Equifax Credit Score? 601
Your Experian Credit Score? 710
Your TransUnion Credit Score? 626

How many years have you been on file with Equifax? 1
How many years have you been on file with Experian? 1
How many years have you been on file with TransUnion? 1

YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY

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


YOUR REVOLVING CREDIT HISTORY

Total number of revolving account(s) you have? 6
Total percentage utilized overall? 50%
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) 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? 4 years
Do you Rent or have a Mortgage, or Live w/Relative or Other? Rent
Your Monthly Rent or Mortgage payment? 1200
How long have you held your current job? 1 year
Your total provable monthly gross income is? 85k annual
Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return) stub
Is there additional monthly income? What amount monthly?
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.) 0
Does any credit repository contain any Public Record?
If yes, please very briefly describe.

Does any credit repository contain any Collection Account(s)?
If yes, please very briefly describe. None

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) 1
Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best) 9

New or Used vehicle you are considering: Please very briefly describe.

 

New vehicle, under first time buyer program such as VW, obviously $350 payment on lease or purchase. No derog on XPN, TU and EFX shows 30 day late (in dispute due to change in payment due date). XPN is 710 score. Not a college grad went to school for 3 years and left to get into current job.

[MarvBear]

Are you employed in the auto biz? If so, what capacity?

[F&IGuru]

I used to a long time ago, not any longer. Short time in F&I

Edited May 18, 2013 by F&IGuru

[MarvBear]

Go back to where you used to work, and lean on the F&I Guy.

[BRBiz]

I used to a long time ago, not any longer. Short time in F&I

Your only 23! What's a long time ago? Old man!