beach70

Oh ok, thanks so much for clearing that up for me.

Marv, I'm just replying to the last reply... from the "how do you know the deal is final" question...Indy said when I receive the title and DMV papers in the mail but I don't think I would receive a title yet since the car is being financed, but for the DMV papers, I was just saying what the dealer did as far as a new license plate was concerned so not sure I'm getting any DMV papers in the mail.

I meant physical license plate.

Hmm, my birthday is coming up and I had to get a new physical tag. The dealership gave me a physical tag and registration and told me to take my old physical tag back to the DMV. I'm still unsettled about the whole deal...the credit company doesn't have my information in the system "yet". I know Marv said don't worry about it, but I've read the horror stories concerning spot delivery loans. Not as bothered as I was, but I figure the payment book will be in the mail soon, as well as the other documents you mentioned. They got a lot out of me in the deal, so I figure they would try their best to get it approved the way they structured it. I really did need a new car, I was really driving an unsafe shell basically.

Marv, I have a question brewing in my mind and just want it to be cleared up before I go crazy....how do you know that the deal is concrete and sealed? Yes, I have a copy of the various forms/agreement that I signed, but I've read of nightmares where the dealer called back the new car owner because the deal fell through or never went through and now the owner has to agree to the new terms usually higher rate. Please enlighten me, thanks.

Thanks, I'm super stoked! Gardening is now my middle name! 😊

You are right! Crappy/pricey deal overall if you look at the financed numbers, but financed for 3.9% with Ford Credit for a new 2018 Ford Escape S. My first new car ever! I was initially approved for Santander, 16% outside app, but they were able to get the numbers where I felt better about them b/c I was prepared to walk. I should have just went into the dealership earlier as I have heard time and time again. Thanks!

your Age? 40 Your Equifax Credit Score? FICO 8...580 Your Experian Credit Score? FICO 8....617 Your TransUnion Credit Score? FICO 8....628 How many years have you been on file with Equifax? 18 How many years have you been on file with Experian? 18 How many years have you been on file with TransUnion? 18 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? N/A 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? 10 Total percentage utilized overall? 76% How many of your revolving accounts are store cards? 8 How many of your revolving accounts are major credit cards? (i.e. Amex, MC, Visa) 2 How many of your revolving accounts are known subprime credit cards 2 YOUR PERSONAL INFORMATION How long at your current residence? 5 years Do you Rent or have a Mortgage, or Live w/Relative or Other? RENT Your Monthly Rent or Mortgage payment? $750 How long have you held your current job? 14 YEARS Your total provable monthly gross income is? 4167 Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return) Paystub Is there additional monthly income? What amount monthly? No 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? NO If yes, please very briefly describe. Does any credit repository contain any Collection Account(s)? YES If yes, please very briefly describe. 10 STORE CARD ACCTS/2 CC'S THAT WENT DELINQUENT IN 2013 ALL REPORTED BY PORTFOLIO RECOVERY 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) 9 Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best) 6

No none of her accounts are au. NFCU is pretty good. If she has decent scores she should get approved. Not sure how long the history has to be.

Yes my daughter. She has a cap1 cc 2600 and a ppal acct 800. And a student loan. Just got approved for a 13k auto loan and navcheck only appd for 500. No income verf. requested. score approx. Eq. 670 Sent from my SM-G930V using Tapatalk

This was a mortgage for a mobile home so I know it's a different animal vs foreclosure (or at least I thought). It was surrendered 7/2013 and shows as an open mortgage account on my FICO 3B Report currently on all 3 reports. I guess it needs to show the charged off balance, but I would think that it would show as a closed account. The home has since been purchased by someone else from the bank in 2014 (or 2015 I don't recall exactly). Previously, I disputed the report saying it should show as $0, but as I now understand, they have to report the charged off amount and show that I defaulted of course. The company sent me a packet of the account's history up to the date of last activity and stated that they are reporting the account correctly. Will it show as an open account until it falls off in 2020? Does it matter? Shows on reports like this: Loan Type: Mortgage Status Date: 2/2017 Condition: Open Date of Last Activity: EQ: 8/2013, TU: 6/2013 EX: Not Available Balance: $30k Status: Charge-off

Thanks I thought I responded already...yes I have a loc, checking, and savings that are still opened. Wondering if they'll close those too? Sent from my SM-G930V using Tapatalk

The account will continue to report as having a balance due. 'Closed' means nothing as far as reporting monthly or being able to access the account. Rather, you simply cannot make additional charges on the card or post new transfers or cash advances from the account.This will likely affect your credit scores as you now have the same overall balance but a lower overall limit. While that may not mean much with scores in the low 500s, it will be a factor in preventing you from hitting the 700s/800s. I have never done this with NFCU, but I have seen other companies (BofA, Wells Fargo) negotiate a lower interest rate after closing an account in good standing. So interest will continue to accrue as if account opened? Of course it will. Call them and get the APR lowered as much as possible. Someone else said that too. My thought was with my credit score they wouldn't even consider lowering my interest rate, but maybe that's the case with a distressed account.

The account will continue to report as having a balance due. 'Closed' means nothing as far as reporting monthly or being able to access the account. Rather, you simply cannot make additional charges on the card or post new transfers or cash advances from the account. This will likely affect your credit scores as you now have the same overall balance but a lower overall limit. While that may not mean much with scores in the low 500s, it will be a factor in preventing you from hitting the 700s/800s. I have never done this with NFCU, but I have seen other companies (BofA, Wells Fargo) negotiate a lower interest rate after closing an account in good standing. So interest will continue to accrue as if account opened?

Thanks I've read about it before so no surprise and yes definitely a wake up call. I'm working on cleaning up my reports and sticking with it. Sent from my SM-G930V using Tapatalk