hindsight is 20/20

APPROVING BANK Max Federal Credit Union BUREAU PULLED Equifax CREDIT SCORE 682 CUSTOMER STATE OF RESIDENCE Alabama NEW/USED Used YEAR OF VEHICLE 2009 MILEAGE 21100 RETAIL/LEASE retail AMOUNT OF LOAN 18835 ADVANCE PERCENTAGE ? TERM CONTRACTED 60 months APR/LEASE RATE 5.9 MONTHLY PAYMENT 364 MISCELLANEOUS COMMENTARY: Denied by American Honda. No cosigner required even though second open loan.

The open loan is for a car my son and daughter share at college. My car was paid for but needs major work, more than value of car.

Credit Application: Your Age? 53 Your Equifax Credit Score? 671 (MYFICO Score) Your Experian Credit Score? 610 (MYFICO Score) Your TransUnion Credit Score? 660(MYFICO Score) How many years have you been on file with Equifax? 22 How many years have you been on file with Experian? 19.3 How many years have you been on file with TransUnion? 22 yr 11 months YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY Do you have an open auto loan? yes Will this be a trade in? No. How many late pays within past 12 months on currently open loan? None How many late pays within past 13 - 24 months? None Current open loan financed with? Wells Fargo Current loan payment? 330 Estimated amount you may be upside down in this vehicle? Not sure. It's a 2006 Scion XB in great condition with 70,000 miles. Payoff is approx 11,000. Three years left on loan. Rate your payment history on this open auto loan from 1 - 10? 10 YOUR REVOLVING CREDIT HISTORY Total number of revolving account(s) you have? 11 Total percentage utilized overall? 45 How many of your revolving accounts are store cards? 6 How many of your revolving accounts are major credit cards? 2 How many of your revolving accounts are known subprime credit cards? 2 I have three student loans that are currently in deferral status. YOUR PERSONAL INFORMATION How long at your current residence? 6 years Do you Rent or have a Mortgage, or Live w/Relative or Other? Live with relative Your Monthly Rent or Mortgage payment? n/a How long have you held your current job? 28 years Your total provable monthly gross income is? 5474.20 Your provable monthly gross income is provable via what method? Computerized Paycheck Stub Is there additional monthly income? No YOUR DOWNPAYMENT Please tell me your exact down payment in cash? 1,000 Does any credit repository contain any Public Record? No Does any credit repository contain any Collection Account(s)? Yes Transunion but I paid it off today. The amount is 424.It is 4 1/2 years old. Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best): 9 Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best): 8 Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best): 7 New or Used vehicle you are considering: Used Honda Accord with low mileage or Toyota Camry. I just need a good mid sized car. Mine last weekend. I had no intention of buying a car in the next three years. Need a car note no more than 350 a month. Thanks!

APPROVING BANK: WELLS FARGO BUREAU PULLED: UNKNOWN CREDIT SCORE: EXP 569 TU 573 EQUIFAX 581 CUSTOMER STATE OF RESIDENCE: ALABAMA NEW/USED: USED SCION xB RELEASE 4.0 YEAR OF VEHICLE: 2006 MILEAGE: 47116 RETAIL/LEASE: AMOUNT OF LOAN: 17,037 ADVANCE PERCENTAGE: ??? TERM CONTRACTED: 72 months APR/LEASE RATE: 11.46% MONTHLY PAYMENT: $330 MISCELLANEOUS COMMENTARY: Went in with a Roadloans approval at 17.7% (with me as co-signer due to open auto loan) and no money down. Just wanted to check out the inventory. They ran it through with me as primary and a co-signer (640 EQUIFAX). Was pleasantly surprised to get approved at 11.4% with NO DOWN PAYMENT! Also great surprise for my son and daughter. Will continue to whittle down my bills and have no more late payments. I hope this is not one of those "too good to be true stories". Thanks to all who contribute to the board!!!

You are right! I had gone through a third party to apply for the loan. Apparently they sent my info to Roadloans as an individual applicant I applied directly to Roadloans with a co-sogner and was approved for $9,000 less ($14,200) at a better rate (17.7%). That's not bad for my credit. I plan to check the credit union as a last chance. AND I am cleaning up my credit. I pay off my second big card this month! Thanks to all the great info on CB. Have a good one!

Please disregard my post. I'm having a senior moment and adding a 1 to the number. Sorry for the bother.

OK. I was approved by Roadloans as primary with a co-borrower. The paperwork says "Must pay off open auto loan. Only 1 open auto loan per applicant is allowed." I have one open car loan, my co-signer has no open car loans. Am I ok or screwed? The phone number for Roadloans 1(888)276-7202 is a wrong number. Anyone have the correct phone number or can answer my question? Thanks.

Thanks. I'll give it a try.

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He's 20. Actually he will be sharing it with his sister who will be a freshman this year.

I figured as much but here's the missing info. The only co-signer I have is my 80 year old mom who has better credit than mine (672 - no auto credit of her own), a paid mortgage but only $1500 monthly income. What do you think? Credit Application: Your Age? 50 Your Equifax Credit Score? 581 Your Experian Credit Score? 569 Your TransUnion Credit Score? 572 How many years have you been on file with Equifax? 19 How many years have you been on file with Experian? unknown How many years have you been on file with TransUnion?20 YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY Do you have an open auto loan? yes Will this open auto loan be a trade-in? no How many late pays within the last 12 months on the currently open loan? 0 How many late pays within the last 13-24 months on the currently open loan? 5 Your current open auto loan is financed with? Capital One Your current open auto loan payment is? 369.23 Estimated amount you may be upside down in this vehicle? $1,200 Rate your payment history on this open auto loan from 1-10 (1=poor:10=Best) 6 YOUR REVOLVING CREDIT HISTORY Total number of revolving account(s) you have? 9 Total percentage utilized overall? 106 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) 7 How many of your revolving accounts are known subprime credit cards (i.e. Aspire, 1st Premier) 4 - Aspire, Tribute, First Premier, Salute YOUR PERSONAL INFORMATION How long at your current residence? 5 years Do you Rent or have a Mortgage, or Live w/Relative or Other? live with relative Your Monthly Rent or Mortgage payment? none How long have you held your current job? 26 years Your total provable monthly gross income is? 5,474 Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return, or bank statements) computerized paycheck stub Is there additional monthly income? no 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 payme nt in cash? (rebates and trade equity are not considered, please input a dollar value only.) 1,000 Does any credit repository contain any Public Record? BK discharged 12/2004 dropped of credit report If yes, please very briefly describe. Does any credit repository contain any Collection Account(s)? yes If yes, please very briefly describe. Monterey Finance balance $229 7/31/07 Progressive Insurance $235 3/28/05 medical collection $90 3/1/05 Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) 7 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) 5 New or Used vehicle you are considering: Please very briefly describe. Something used around $10,000 2005 Honda Accord LX 86,614 miles $9,900 2006 kia spectra EX 39,970 miles $9,998 Need replacement car for college son's car that was totaled.

Credit Application: Your Age? 50 Your Equifax Credit Score? 581 Your Experian Credit Score? unknown Your TransUnion Credit Score? 572 How many years have you been on file with Equifax? 19 How many years have you been on file with Experian? How many years have you been on file with TransUnion?20 YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY Do you have an open auto loan? yes Will this open auto loan be a trade-in? no How many late pays within the last 12 months on the currently open loan? 0 How many late pays within the last 13-24 months on the currently open loan? 5 Your current open auto loan is financed with? Capital One Your current open auto loan payment is? 369.23 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) 6 YOUR REVOLVING CREDIT HISTORY Total number of revolving account(s) you have? 9 Total percentage utilized overall? 106 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) 7 How many of your revolving accounts are known subprime credit cards (i.e. Aspire, 1st Premier) 4 YOUR PERSONAL INFORMATION How long at your current residence? 5 years Do you Rent or have a Mortgage, or Live w/Relative or Other? live with relative Your Monthly Rent or Mortgage payment? none How long have you held your current job? 26 years Your total provable monthly gross income is? 5,474 Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return, or bank statements) computerized paycheck stub Is there additional monthly income? no 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 payme nt in cash? (rebates and trade equity are not considered, please input a dollar value only.) 1,000 Does any credit repository contain any Public Record? BK discharged 12/2004 dropped of credit report If yes, please very briefly describe. Does any credit repository contain any Collection Account(s)? yes If yes, please very briefly describe. Monterey Finance balance $229 7/31/07 Progressive Insurance $235 3/28/05 medical collection $90 3/1/05 Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) 7 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) 5 New or Used vehicle you are considering: Please very briefly describe. Something used around $10,000 2005 Honda civic, 2006 kia spectra. Need replacement car for college son's car that was totaled. Just how bad is it? The good news is my scores are up from 480 and 511 last year. Thanks, Marv.