Marv, I'm RE-submitting my credit app to you because I just got a big FICO boost recently.

Your Age:37
How long have your been on file with the CRA’s? 16yrs

Credit Scores:
Equifax? 602
Experian? 624
TransUnion? 622

Your Credit:
Rate your OVER ALL credit from 1-10 (10=BEST) 6
Rate your installment Credit from 1-10: 7
Rate your revolving Credit from 1-10: 6

Public Records? NO
If yes, please describe:

Auto Loans:
Do you have an open auto loan? Yes
How many auto loans are presently open? 1 (30 mo loan/ 3 payments left)
Are you trading in your open auto loan? Yes
Are there late pays on your CURRENT auto loan? Yes
If yes, please list the time frame.
The number of 30 days late in the previous 12 months= 1
The number of 30 days late in the previous 13 to 24 months= 0?
The number of 60 days late in the previous 12 months= 0
The number of 60 days late in the previous 13 to 24 months= 2
Current open auto loan is financed with? Credit Acceptance Corp
Current open auto loan payment? $279
Estimated amount you may be upside down in this vehicle?= $0
Rate this open auto loan from 1-10. 7

Credit Cards:
Total number of revolving accounts: 3
Percent utilization overall: 2%

Your Info:
Total Provable MONTHLY GROSS income: 3300
Provable via computerized paystubs or what method:paystubs

Your Downpayment in CASH: 1000
Rebates not considered; Trade Equity not considered; cash only.
Please use a monetary value. Don't use the typical comments such as "little as possible" etc. I only hear that 4000 times a day. Cut to the chase please.

New or Used Vehicle: Used
Please describe desired vehicle:'03 or '04 Mitsubishi Eclipse Spyder

Please leave any comments that your feel may be pertinent and may lend added weight for a favorable outcome-
Baddies Reporting to all 3 bureaus: 1 Credit Card CO=$1200/1 Collection=$150
Baddies for EQ only= 1 'paid'coll. for $150/1 medical coll. for$48 'unpaid'
" " EX only= 1 medical collection for $50/ 1 for $22
" " TU only= same as EX report

I have 3 yrs with current job(unemployed only one time(5 mos) in the last 15 yrs). Only showing $2500 total debt on Credit reports. Last 11 months since last "late"(30day) on auto loan.

approved

Thanks Marv....I'm going to the dealer on Monday. One small problem, though....the dealership may not have located the exact model I want by Monday. I want a used "GTS" Spyder not the used "GT"(that they DO have). Do you think I can get Pre-Approved for the "GT" and then just wait a week or so til they get in the right model, which BTW should be almost identical(year,mileage,condition,etc).
Should I have any problem getting approved for about $20k(if necessary)?

Who is doing the loan for you, dealer or yourself?

The dealer is doing the loan. they have 25+ lenders to choose from

When the dealer does the loan on your behalf, the results are more in your favor, if the applcation is VIN # specific.

Rather than just a payment call approval.

If VIN # specific, IMO would be less inquiries overall.

So let's say for example I do the application for one VIN#(GT model) and then they get the model I want(a week later). Do they have to start the process all over again and do more 'pulls'?
As a rule, shouldn't a large dealer(the F&I has been with them for over 22 years)should pretty much know which lender would approve me w/o having to do many inquiries regardless of whether the app is VIN specific or not?
The reason I'm in such a hurry to get Pre-Approved is that I don't want to wait and have my FICO scores drop(still in the middle of some Credit Repair), and not get approved at all.

The dealer can submit a loan application on your behalf as a payment call application without being VIN # specific.

That effectively limits the lenders who look at the app. Not all support payment calls. If approved one just backs into the approval parameters.

YOU can't do the VIN # portion of the app, Only the F&I dept can.

If the collateral changes, some lenders can internally review the app and manually change the collateral and revise their decision based on new factual information.

Some cannot and require a new app for the actual car that is to be purchased.

Thanks for taking the time to 'splain everything....