Credit app please?

[futique]

Your Age: 30

How long have your been on file with the CRA’s? 12 years

 

Credit Scores:

Equifax? 710

Experian? 720

TransUnion? 690

 

Your Credit:

Rate your OVER ALL credit from 1-10: 6

Rate your installment Credit from 1-10: 8

Rate your revolving Credit from 1-10: 5

 

Public Records? No

If yes, please describe:

 

Auto Loans:

Do you have an open auto loan? No

 

Credit Cards: 1

Total number of revolving accounts: 2

Percent utilization overall: 30%

High limit: $800(!)

 

Your Info:

Total Provable MONTHLY GROSS income: 12,000

Provable via computerized paystubs or what method: Paystubs, HR

-- I've been with company full time for 1.5 years, and was a freelance consultant with them with them for 3 years prior.

 

New or Used Vehicle: New

Please describe desired vehicle: http://www.bmwusa.com/vehicles/3/325xiSeda...s.htm?PanelID=4

 

Please leave any comments that your feel may be pertinent and may lend added weight for a favorable outcome:

 

I have SLOW credit, not bad. I made the "mistake" of paying for everything I own after getting into a bad spot when I left school. I have tried to get a few cards to build some revolving credit- but have only been offered subprime, low limit cards.

 

Any advice on this? I'd rather not be penalized for having a thin report, but I fear I will.

 

Thanks for any advice you can share, I really appreciate it!

[MarvBear]

What is your highest installment line of credit?

 

How long was it open?

 

Was it paid out well?

[futique]

Thanks for the reply...

 

Installment lines are 3 student loans, currently at $24,556....

 

Payment history is flawless.

[MarvBear]

how much history is there on the student loans?

[MarvBear]

recent college grad? or recently obtained any sort of degree within the last year?

[futique]

Opened in 92, 93, 94....

 

I consolidated last year, so they read "Account Transferred Or Sold, Student Loan," with only the current consolidated loan showing a balance.

 

(Does that make sense?)

[futique]

Oh, and I graduated in 96, BFA, no college since then.

[MarvBear]

Your monthly debt is?

 

and how much downpayment is there available?

[futique]

Monthy debt? Do you mean fixed expenses I have to pay every month?

 

Rent: $2850

Student loans: $250

 

Other than that, just food and utilities.

 

EDIT: Downpayment would be $4k or so....

[MarvBear]

gut feeling you should be good to go.

 

they might ask for POI, but probably that would be all.

 

Rates and terms to be commensurate with your score at time of application.