nicole379

I am trying to buy my friend's 2015 Mazda 3 iSport hatchback for what he owes on it which is 21,000. I live in WA state. I applied at Alaska USA because that is who he went through and had fair credit and was given a higher end 2% financing rate. They pulled Transunion (my 2nd worst FICO score at 617; Equifax is 610 and Experian is 654) and denied me for 23,000 (2,000 to help pay taxes, etc). My credit union did the same thing. I feel like if I went to a dealer I could get approved but since it's a used car loan to a private party I'm having serious issues. Is there any hope for me? Thanks any and everyone for any responses!

What are these versions of FICO?

Been off of the forums for a long time. I'd read previously that as an AU on a card, it helps your credit score as well. Is this still true? Thanks!

Credit Application: Your Age? 26 Your Equifax Credit Score? 620 Your Experian Credit Score? Don't know Your TransUnion Credit Score? 611 How many years have you been on file with Equifax? 1 year How many years have you been on file with Experian? ? How many years have you been on file with TransUnion? 8 years 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? 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? 4 open Total percentage utilized overall? 80% How many of your revolving accounts are store cards? 1 How many of your revolving accounts are major credit cards? (i.e. Amex, MC, Visa) 3 How many of your revolving accounts are known subprime credit cards (i.e. Aspire, 1st Premier) Limited store card, Hooters MC, Orchard MC, and AU on Best Buy MC- not sure which are subprime YOUR PERSONAL INFORMATION How long at your current residence? 2 yrs 2 months Do you Rent or have a Mortgage, or Live w/Relative or Other? Husband pays mortgage Your Monthly Rent or Mortgage payment? 1113.00 How long have you held your current job? 1 yr 6 months Your total provable monthly gross income is? 2200 for me Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return, or bank statements) paycheck stubs Is there additional monthly income? What amount monthly? yes, 2800 Describe the source. husband Is the additional monthly income provable? yes with paychek stubs 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.) 500 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, 2 on TU and one on EQ If yes, please very briefly describe. Midland CA on TU and EQ and HSBC CO on TU both from beginning 2008 or earlier 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) 5 Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best) 6 New or Used vehicle you are considering: Please very briefly describe. 2004 Altima with 60K miles. Dealer wants 9,500 for it. FOR HUSBAND: Credit Application: Your Age? 33 Your Equifax Credit Score? 625 Your Experian Credit Score? Don't know Your TransUnion Credit Score? 625 How many years have you been on file with Equifax? 12 years How many years have you been on file with Experian? ? How many years have you been on file with TransUnion? 13 years 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? 0 Your current open auto loan is financed with? Texas Dow Employee Credit Union Your current open auto loan payment is? 200/biweekly 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? 4 open Total percentage utilized overall? 107% How many of your revolving accounts are store cards? 0 How many of your revolving accounts are major credit cards? (i.e. Amex, MC, Visa) 4 How many of your revolving accounts are known subprime credit cards (i.e. Aspire, 1st Premier) Carnival SeaMiles MC, 2 Capital One cards, 1 best buy mc - not sure if any are subprime YOUR PERSONAL INFORMATION How long at your current residence? 2 yrs 2 months Do you Rent or have a Mortgage, or Live w/Relative or Other? Mortgage Your Monthly Rent or Mortgage payment? 1113.00 How long have you held your current job? 1 yr Your total provable monthly gross income is? 2800 Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return, or bank statements) paycheck stubs Is there additional monthly income? What amount monthly? yes, 2200 Describe the source. wife Is the additional monthly income provable? yes with paychek stubs 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.) 500 Does any credit repository contain any Public Record? no If yes, please very briefly describe. Does any credit repository contain any Collection Account(s)? No Midland CA on TU and EQ and HSBC CO on TU both from beginning 2008 or earlier Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) 8 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) 8 New or Used vehicle you are considering: Please very briefly describe. 2004 Altima with 60K miles. Dealer wants 9,500 for it.

I ended up going to my local honda dealerships website and finding a 9K used Altima that seems like it will last for the next two years. I called them up to ask if they specifically dealt with people with bad credit and they said yes so i did an online app and I'm going in tomorrow with proof of income/residence so we'll see

Ok..I will do. Thanks a ton Marv.

I think this is what's going to end up happening to me. I'm going to have to wait a little bit longer and save up some more money and then just try to find something at a dealership that works with bad credit. I really need a car because I'm starting back to college in the middle of january and I will have to have something by then. I hate this position I have put myself in

The place you have linked appears to be a lead generator, not a lender. I suspect they merely sell your app. to lenders who pay for the leads. Which means I will probably get hit with about 30 inq's, No thanks

The car that I want is for sale out of state (I foudn it on ebay) with a dealership that does not do financing. The auction ends tomorrow so I don't think there is any way I can do anything about it now :lol:

Well my utilization shot up again and so now they are all low 600's again I just got my alerts yesterday. Stupid water heater that went out. I was approved for NASA but I ended up not sending my money or papers in because I read they were prety strict/tight on financing.

also, I apply online for credit cards and such...but not for no-name bad credit car dealers.

No...last time I did for my husband (who has better credit) he said denied so I figured there was no reason for me to even ask.

http://www.rapidcarloans.net/bad_credit_car_loan.html are places like this a scam? I found a car I want. It's a 2004 and for sale for 12,500. My scores are in my signature. I'm leary of applying to places online because I don't want to have my identity stolen.

thanks everyone! now too the 700 club

I thought it was your area code haha