ReallyFocused

My husband will be driving that car. It's a little complicated. We have two cars in his name; one in mine through NFCU. We're getting rid of his loans and trading one of the cars from his loans for this loan, bringing both loans in my name only. We will have only two car loans, but both will be in my name. So, long and short, I am trading one of the cars in for this loan. I'm sorry that I didn't make that clear in the application.

Credit Application: Your Age? 45 Your Equifax Credit Score? 698 Your Experian Credit Score? 708 Your TransUnion Credit Score? 715 How many years have you been on file with Equifax? 19 How many years have you been on file with Experian? 19 How many years have you been on file with TransUnion? 19 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? None How many late pays within the last 13-24 months on the currently open loan? None Your current open auto loan is financed with? NFCU Your current open auto loan payment is? 600.00 Estimated amount you may be upside down in this vehicle? Not upside down Rate your payment history on this open auto loan from 1-10 (1=poor:10=Best) 10 YOUR REVOLVING CREDIT HISTORY Total number of revolving account(s) you have? 13 Total percentage utilized overall? 44% How many of your revolving accounts are store cards? 4 How many of your revolving accounts are major credit cards? (i.e. Amex, MC, Visa) 9 How many of your revolving accounts are known subprime credit cards (i.e. Aspire, 1st Premier) 0 YOUR PERSONAL INFORMATION How long at your current residence? 7 yrs Do you Rent or have a Mortgage, or Live w/Relative or Other? Mortgage Your Monthly Rent or Mortgage payment? $3200 [with taxes] How long have you held your current job? 16 yrs Your total provable monthly gross income is? $10K Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return, or bank statements) Tax return Is there additional monthly income? What amount monthly? NA 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.) $2500.00 Does any credit repository contain any Public Record? Yes If yes, please very briefly describe. Dismissed BK from 2003; Inadvertent state tax lien that is satisfied and owed back to me and is supposed to be removed [been fighting for two years - never owed it in the first place] Does any credit repository contain any Collection Account(s)? No If yes, please very briefly describe. Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) 10 Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best) 10 Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best) 10 New or Used vehicle you are considering: Please very briefly describe. 2006 Nissan Armada Thanks, Marvbear

I don't know if they will sue for sure, but my friend was sued by them for $800 and that was 2 years ago...YMMV

Congratulations on the excellent jump in scores. Nice feeling, eh?

Yep, sounds good to me too. Congrats!!!!!

Yes, cut one of my limits in half. Spoke with a CSR and she could do nothing. Asked to speak with credit department and after much ado limits were restored. The credit department told me that because of the current economic situation that they are looking at all current lines and exposures and limiting them based upon that information. I don't know how or why I got mine restored, but I, too, did nothing wrong, paid the card if not in full, then in larger chunks at a time and never exceeded 30% of the credit limit. Juny is one of my higher limits, so I didn't just want to close it down without a fight...I don't know if these limits will stay intact or if she just appeased me temporarily...YMMV

Yes, I agree with all that has been said...I think CLD's are the wave of the future because of risk exposure, however, if you want to try your hand with a credit analyst try 1-866-408-4064. It will get you to the credit department, but you may have to escalate to a supervisor. FWIW, I have called and spoken with them in the past and they are very nice to speak with.

I went from 3 to 30 yesterday and down to 29 today. Mine are all mortgage inqs from 4/07. Aren't they supposed to count as just one inq if it is a certain time frame? I have no idea if my score was affected, Fako dropped 10 points...haven't checked FICO.

Thank, Fla-tan. I have told my friend to get her behind over here, but she hasn't put the effort forward just yet. I'll work on her again. I'm not exactly sure what caused the charge off's other than the fact that for a long time my friend was out of work, thus the charge off's on her report [i think she hid that info frm her husband]. I think that they tried to work a deal with some of the creditors and remain in the process of taking care of the balances, but again, I'm not sure. She was supposed to pull reports for me to look over and advise her, but I think I'll try to have her write directly on CB so that she can get better advice. Thanks again. BTW, was the credit union a bad idea? I thought that they're lending criteria would perhaps be a little more laxed...maybe not???

Hi there, Trying to help a friend, but I am way out of my league. Situation as follows: Has home loan through Wells Fargo. Trying to purchase another home [as primary residence and sell the first home, but there are issues]. Anyway, need to re-fi the first mortgage to get a down payment for the 2nd home and then subsequently purchase the second home and sell the first....Scores are in the toilet, both of them have mids less than 560 [i think, I told them to pull FICO's so they know exactly where they are starting out] They both work and have decent income, no reserves. I believe that there are a few charge off's [within the past year] on the reports. He has one, she has several. No PR. They were dealing with a broker a few months back, but he came back with 11% rate and close to 11K closing costs. That deal went sour [house that they were trying to purchased was foreclosed upon - long story]. Anyway, they are in the market again [need to be because of change of job which is why they have to purchase another home. Jobs are in another state]. Question is where should they start? I advised them to go through their credit union first...they have been members of the CU for 15 years, so I figured that would be a good starting point, but I'm not sure, like I said, I'm way out of my league here. Oh, Wells will not deal with them for the refi due to the charge off's on their credit. So they need to basically pay off Wells, take on the new mortgage, etc...Home price is listed for 169K. Any suggestions or advice that I can give to them? Thanks in advance.

I don't know how it is supposed to show, but I had a cancellation of debt back in 2005 and on my reports the account reads as paid/closed. Previous history does show the account was charged off.

Since you are carrying the insurance and it is in your name, you have to pay the deductible. If it is not paid, they will send it to collections and it will show up on your report. I personally would pay the $100 and fight with the ex about it later. Don't let it go to collections and ding your report. Good luck.

If you're trying to pay the bill with an outside checking account, you have to register that account as an external account first. After you register your checking as an external account, you can then pay your bill from that checking. It takes 24 hours to set up your outside checking, though. Just got to external accounts, register the external account, wait until tomorrow and then you'll see your checking account and then you can make a transfer. Sounds like a lot of work, but it's pretty simple. If you have questions, they are really nice and will talk you through it. HTH

Dixiecup, I am so sorry to hear that this happened to you, especially since you were making payments. But he had to have a judgment in order for the bank to levy funds. Did you receive any notices? You should have had some warning that a judgment was ordered and you should have received notice of intent to levy funds prior to the bank informing you of this. Something sounds amiss, however, you may want to hear from some of the lawyers on the board. You should have had the ability to respond to the judgment...maybe he didn't follow the rules of procedure correctly and you may have recourse. I don't know, it just doesn't sound right to me [i am not a lawyer, though]. Also, you may get more responses if you ask one of the mods to post this in the "I've been served forum" Good luck to you and again, I am so sorry this happened to you.