antonbhc

You most certainly do have it. You were the one who correctly predicted all my loan approvals in the past, so I take what you say with lots of stock.

So Marv, in all your infinite wisdom, for someone who may be undecided on what brand but is looking for a highly-optioned sedan, where would you lean towards? We initially looked at a Jeep, but she doesn't need all the space. Rationality got DW back to looking at a sedan.

Experts, DW and I went to the largest national used car dealer to buy a car (we had a good experience the first time around). However, the second time around the terms weren't favorable, even though our FICOs are better now than they were four months ago. I spoke to the sales manager and he explained to me that basically the car chosen (not just MY and mileage) are one of the factors considered, amongst other things, when terms are displayed to the consumer. How true is this, or am I just being fed a line?

thanks marv. though i have great credit, my insurance is premium is kinda high for her to swallow. so i don't want her rates to be affected.

I'm going to cosign on a car for someone. The person is very trustworthy and can afford the car, except that they are a cosigner on a loan with their kid and they want better loan terms. They got preapproved by the captive lender on the car they want, but not at the rate they desired. I initially offered to do it on my name only, since I qualified for promo terms, but the person strongly suggested to cosign. My primary concern is insurance. How is this handled? If I am cosigning, do we both have to be put on the policy or how does that work when there are two borrowers involved? Thanks in advance!

Possibly I misheard the limit, but I'm glad to be in! And I had been wishy washy to my detriment the last six months in terms of car shopping, haha.

I know this may be a huge YMMV but I applied for the AAdvantage Visa Signature card and received a letter today to call back and verify some info. After calling, they verified that I was the one who was applying for the card and was approved with a 3000 limit! My stats: EQ FICO: 692 Two revolving credit cards w/ $1500 limits combined, last update made on both cards was in 2009. Five installment auto loans, from 12K-55K all paid in full within 4 months to 15 months. Two student loans totaling $3500 deferred until January. 45 inquiries made within the last six months, all from auto shopping. 90+ within the last two years. So I can only assume that Citi is being lenient. I can't believe I got a card! Maybe you should try, too. It also will be my first prime card!

I applied for a Discover More card a few days ago and was asked to call back. They verified some information and I ended up being approved with a $1,500 CL. My stats: They pulled EQ. (I know this because EX and TU are frozen). FICO: right at 700. Inquiries: over 45, 25 of which have been pulled over the last two months (all from car shopping). So since there were auto-related inquiries and not credit ones, may have clinched my approval. My stats: I have 5 PIF auto loans from 2009, from 12K to 65K. Two revolving credit cards w/ a 1,000 and 500 limit, but both unused since 2009. Two student loans, all current with 1 60 day late on each.

I applied for the AA Card online, got the 7-10 day message...so I called the app status line and the CSR put me on a brief hold and then asked me for my home number so that they can verify that I do have access to that phone number. Two minutes later, she said she couldn't verify that my phone number matches with my home address. She said to watch out for a letter in the mail that may ask for additional information. Just so I don't waste time going after them for nothing, have they approved me pending verification of some information, or do they need me to send/fax this info in in order to process the app? Thanks in advance! BTW, Citi pulled my EQ (right @ 700)

Well, I qualified as Tier 1 from IFS, but ended up going to a Nissan dealer as they had a IPL G37 that was a LBO. The dealer got a better rate from a local bank (2.95%), which was much better than the rates on Tier 1 (4.99%).

I have been car shopping the last month and realized that the car you buy kind of determines the bureau most likely to be pulled. Since I have a 700+ on my EQ and significantly less on my TU and EX (both have a repo that is paid off and is stubborn to fall off). I recently applied through IFS for a pre-approval before walking into the dealership and was pre-approved by them for a lease of up to $550 per month. The e-mail they sent me says that I could walk into any Nissan/Infiniti dealership so they could pull up the pre-approval. The approval expires about 30 days from now. My question is, is this really worth the paper it's printed on, or is it just a piece of paper to get me walking into the dealership?

Hey experts, My buddy experienced a repo four months ago after owning the car a month (lost his job) and the loan was originally for $55k but still owes $7k after the car was sold at auction. Currently, the loan shows as being 60 days late. He is working again and also earns residual income on royalties. He wants to buy a car soon and is worried that he would be turned down everywhere because of the repo. Even though it doesn't say so on his credit reports, any competent FI guy will see that this local bank does primarily auto loans for the consumer and deduce that the late account would be a repo. Do you think he would still be able to finance a car or would this repo hinder his chances of buying? Please don't make suggestions to him buying a cheaper car for cash. He is just interested in the logistics.

On the fence. "Better half" asked me why have 556 horses if I will never use it? I said to her, "why do you own an Infiniti if you only wanted a car to take you from A to B?"

* DUPLICATE POST * Please delete.

Credit Application: Your Age?28 Your Equifax Credit Score?636 Your Experian Credit Score?625 Your TransUnion Credit Score?631 How many years have you been on file with Equifax?10 How many years have you been on file with Experian?10 How many years have you been on file with TransUnion?10 YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY Do you have an open auto loan?yes Will this open auto loan be a trade-in?yes 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? Canandaigua National Bank Your current open auto loan payment is? 914 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?2 Total percentage utilized overall?0% 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)2 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?2 years Do you Rent or have a Mortgage, or Live w/Relative or Other?rent Your Monthly Rent or Mortgage payment?600 How long have you held your current job?7 years Your total provable monthly gross income is?~9K Your provable monthly gross income is provable via what method? paystub Is there additional monthly income? What amount monthly?no Describe the source.na Is the additional monthly income provable?na 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 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. 1 charge off from 2009...$0 balance. Currently in dispute. 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 (4 previously paid-off auto loans, all under a year old). New or Used vehicle you are considering: Please very briefly describe. 2008 Mercedes CL550, $50K, 53K miles. NADA retail: $56K. Thanks Marv!