terrellisaiah

Ah, thank you!! I appreciate it.

Marv....I would greatly appreciate your expert opinion on what you can answer....I've been here for many years and know of the other forums...I apologize for asking a couple of questions in my App....but, can you please offer your thoughts on my app...I can remove the questions if you prefer....OK...I'm pleading....

OK....REVISED TO ADD EX approximate score.... Currently have a 2001 Honda Accord; still have about 3500 left to pay....It is starting to need some work (111, 000 miles), but I am thinking of going with a different/newer car...and considering a lease for the first time ever. I just don't know if my credit puts me in the position to actually be able to lease on fairly decent terms...or should I just put the cash into the older car...and ride the wave? Credit Application: Your Age? 39 Your Equifax Credit Score? 646 Your Experian Credit Score? 630 Your TransUnion Credit Score? 680 How many years have you been on file with Equifax? 22+ How many years have you been on file with Experian? 22+ How many years have you been on file with TransUnion? 22+ YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY Do you have an open auto loan? Yes Will this open auto loan be a trade-in? Maybe...still owe on it... 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? 0 Your current open auto loan is financed with? Local CU Your current open auto loan payment is? 220/mo Estimated amount you may be upside down in this vehicle? 0 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? 7 Total percentage utilized overall? 80% 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) 5 How many of your revolving accounts are known subprime credit cards (i.e. Aspire, 1st Premier) 2 YOUR PERSONAL INFORMATION How long at your current residence? 13.5 Years Do you Rent or have a Mortgage, or Live w/Relative or Other? Rent, but live with fiance...I pay the rent, though. Your Monthly Rent or Mortgage payment? 1050 How long have you held your current job? 7 years Your total provable monthly gross income is? $5,400 Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return, or bank statements) All Is there additional monthly income? What amount monthly? Yes, 360.00/mo. Describe the source. Elected Official Is the additional monthly income provable? Yes 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.) $1,000 Does any credit repository contain any Public Record? Yes If yes, please very briefly describe. Old gas bill, I believe...$900...paid it off several years ago, like 8 yrs,, but account still saying last reported as 2007. This should probably be disputed, yes? Does any credit repository contain any Collection Account(s)? 0 If yes, please very briefly describe. Transunion currently shows two collections in dispute: No 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) 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. Lease 2010 Toyota Venza or similar

Currently have a 2001 Honda Accord; still have about 3500 left to pay....It is starting to need some work (111, 000 miles), but I am thinking of going with a different/newer car...and considering a lease for the first time ever. I just don't know if my credit puts me in the position to actually be able to lease on fairly decent terms...or should I just put the cash into the older car...and ride the wave? Credit Application: Your Age? 39 Your Equifax Credit Score? 646 Your Experian Credit Score? How would I find out? Cannot buy at myfico... Your TransUnion Credit Score? 680 How many years have you been on file with Equifax? 22+ How many years have you been on file with Experian? 22+ How many years have you been on file with TransUnion? 22+ YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY Do you have an open auto loan? Yes Will this open auto loan be a trade-in? Maybe...still owe on it... 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? 0 Your current open auto loan is financed with? Local CU Your current open auto loan payment is? 220/mo Estimated amount you may be upside down in this vehicle? 0 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? 7 Total percentage utilized overall? 80% 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) 5 How many of your revolving accounts are known subprime credit cards (i.e. Aspire, 1st Premier) 2 YOUR PERSONAL INFORMATION How long at your current residence? 13.5 Years Do you Rent or have a Mortgage, or Live w/Relative or Other? Rent, but live with fiance...I pay the rent, though. Your Monthly Rent or Mortgage payment? 1050 How long have you held your current job? 7 years Your total provable monthly gross income is? $5,400 Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return, or bank statements) All Is there additional monthly income? What amount monthly? Yes, 360.00/mo. Describe the source. Elected Official Is the additional monthly income provable? Yes 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.) $1,000 Does any credit repository contain any Public Record? Yes If yes, please very briefly describe. Old gas bill, I believe...paid it off several years ago, like 8 yrs,, but account still reporting as current as 2007. This should probably be disputed, yes? Does any credit repository contain any Collection Account(s)? 0 If yes, please very briefly describe. Transunion currently shows two collections in dispute: No 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) 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. Lease 2010 Toyota Venza or similar

NOVEMBER26.....worked for me tonight....23.00+, instead of 35.00+....Thanks CB!

Bigmanin - No, not upside on it..well, I mean I certainly hope not.....I better check on that! And,....it's actually a 2004 (not a 2001 like I said earlier)....and has less than 55,000 miles... Jop - I think I confused myself with the PMI thing.....the goal is to get over 700 for better rate, less points, etc. I just think we are so close to that now, why not really focus on putting ourselves in the best position to get this 30 year loan.....that 20 points on the credit score seems to have a pretty decent impact on the rate you get...no? And, GREAT POINT on the lower DTI ratio....appreciate that. So, I think we will try to refinance the auto now.....with either his Justice or Penfed CU (found them through you all!) that we've had open for about a year, including a CC. Thanks all for your input.....I just hope we aren't making the wrong decision now that might bite us in a few months.......fingers crossed.

My bad.....it's a 2004 Toyota, NOT 2001. Sorry about that. So, we should be able to get a decent refi option, I think. And, thank you both for your helpful information and salient points.

Awww, jeeesh! Worthwhile information, but damn. His credit score is not hardly really good...but, not bad either....650 or so on both....just checked yesterday. I will do as you suggest....find out about the mortgage situation before proceeding......assuming we may be able to get refi through our credit union.....I sure hope so..... Thanks, Marv! I've learned alot over these past couple of years peeking into your many posts.....thank you!

SO, I POSTED MY QUESTION BELOW IN THE MORTGAGE FORUM, BUT I'LL ASSUME EVERYONE IS AWAY ENJOYING THEIR HOLIDAY....I'M JUST HOPING SOMEONE IN HERE MAY HAVE SOME INPUT. THANK YOU KINDLY. DH (well, almost...15 years and 4 kids later) and I 660 CS, and a mere 7,000 towards down payment. Since combined income is 130,000+, not so sure we would qualify for any of the special 1st time home buyer programs....so, we've decided to take 2,000 and pay down our highest credit cards to lower utilization....and focus on paying hefty sums in the next three-five months on those cards, again to keep lowering the utilization. The goal is to improve our CS to over 700 so we can not have the PMI on the mortgage, but to also add our Feb income tax rebate to our downpayment savings....so, by February, we should have at least 14,000 for a down payment. Now, DH current 2 year old auto loan is ridiculous....421/month..for a Toyota vehicle that is a 2001 (I know!). I think he can definitely get a better and lower monthly payment. Now, if we were going to buy now....I know we should NOT look to refi now...but, since we've decided to wait five-six months, do you think we can go for the auto refinance now (like immediately), and not have it affect us too much when we seek the mortgage in Feb? Who's lost? Confused? I tried to be clear, but maybe not so much.....ANY thoughts or thinking points would be greatly appreciated.

ttt Please help me out....not sure what to do. ANY advice or your experience welcomed......thank you.

CPPSAVINGS worked today. Eye heart all of ewe!

DH (well, almost...15 years and 4 kids later) and I 660 CS, and a mere 7,000 towards down payment. Since combined income is 130,000+, not so sure we would qualify for any of the special 1st time home buyer programs....so, we've decided to take 2,000 and pay down our highest credit cards to lower utilization....and focus on paying hefty sums in the next three-five months on those cards, again to keep lowering the utilization. The goal is to improve our CS to over 700 so we can not have the PMI on the mortgage, but to also add our Feb income tax rebate to our downpayment savings....so, by February, we should have at least 14,000 for a down payment. Now, DH current 2 year old auto loan is ridiculous....421/month..for a Toyota vehicle that is a 2001 (I know!). I think he can definitely get a better and lower monthly payment. Now, if we were going to buy now....I know we should NOT look to refi now...but, since we've decided to wait five-six months, do you think we can go for the auto refinance now (like immediately), and not have it affect us too much when we seek the mortgage in Feb? Who's lost? Confused? I tried to be clear, but maybe not so much.....ANY thoughts or thinking points would be greatly appreciated.

I like this question, so I hope you will share.........Me? I'm employed by the State Department of Education.

Yup.....this is what my Scorewatch is telling me.....I'm in the 700 Club....barely, but in. 701 Score Watch® alert: Your score exceeded your target of 700. So, my question to you, which may sound silly, but I keep it real.....is this a true FICO score? Yes, I know it's a FICO Score Watch...but, I want to make sure I met my short-term goal of getting to a 700 CS.....and, I'm ecstatic that I really have increased my score by 100+ points just in the time I started hanging with you lovely folks! What say you? Come on.....talk to me. Real? or Somewhat real?

Like I suggested...do your homework, then comment....please.