Your Age: 29
How long have your been on file with the CRA’s? 11 years

Credit Scores:
Equifax? 652
Experian? unknown
TransUnion? 664

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

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
Are you trading in your open auto loan? no
Are there late pays on your CURRENT auto loan? no
If yes, please list the time frame.
The number of 30 days late in the previous 12 months
The number of 30 days late in the previous 13 to 24 months
The number of 60 days late in the previous 12 months
The number of 60 days late in the previous 13 to 24 months
Current open auto loan is financed with? HSBC
Current open auto loan payment? $350
Estimated amount you may be upside down in this vehicle? unsure
Rate this open auto loan from 1-10. 10

Credit Cards:
Total number of revolving accounts: 6
Percent utilization overall: ? 20%

Your Info:
Total Provable MONTHLY GROSS income: around $2,083
Provable via computerized paystubs or what method: paystubs

Your Downpayment in CASH: 0
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: No specific car chosen, yet. Looking between $6,000 - 8,000

Please leave any comments that your feel may be pertinent and may lend added weight for a favorable outcome: Have a number of student loans listed in the negative on my credit reports. They have all been brought current when refinanced.

Also, quick question, if wanting to apply at a credit union, how long should your relationship be established. I just opened a savings account last week.

Thanks for your input.

WHY?

Re: CU, apply as soon as or whenever, I am aware of no time limit applicable that would prohibit an application from being placed.

As far as a 'relationship' with a CU of course that can take years before it could mean the difference on an approval when it normally would have been declinded. As MarvBear said tho -- You can apply anytime.

Marv - - Not trading in my current van because we are looking for a
second car w/decent gas mileage for my work commute. Will that
negatively impact a loan??

Thanks

I can promise you at $2,000 monthly gross you will NOT be approved by anyone without trading in your current vehicle. You need to do a joint application with someone to get it approved. It's very hard to explain to an a lender the need for a second vehicle without someone else being on the application.

Oooops, I entered MONTHLY Gross income incorrect.
It should be $4166.

The WE that you refer to, probably needs to complete a joint application

As a joint applicant, how much weight does his credit impact the loan?
DH has little to no credit. . . I am unable to pull a FICO for any of
his reports. He has opened a secured cc within the last 2 months, but
other than that he only has a few CA on each bureau . . .

Can you find the Mother thread for co maker?

That should explain it.

If not let me know, I will do a search for the link.

Help . . .I can't seem to find the Mother
thread for co maker . . .
TIA

http://creditboards.com/forums/index.php?s...58522&hl=mother

Thanks MarvBear

Sooo . . Having my DH as a co maker would justify the
loan to the creditor, but my credit scores would be used?
I am reading this correctly?
Also, would this help my DH build his credit?? I was a
co-signer on a loan in the past and there is no record of
it on my credit reports . .

Thanks for being patient with me.

Yes, that should justify the need of the 2nd vehicle.

It should also report on both files, provided the data furnisher supplies the information to the credit reporting agencies.

Thank You!

Thanks for your help with this one. I was approved at the CU 5.99%
We purchased a 2001 Grand Prix for $8500, 45000 miles.

CONGRRRRRRRRRRRRRRRRRRRRRRRATS!!!!!!!!!!!!!!!!!!!!!