Credit Application:

Your Age? 28

Your Equifax Credit Score? 532
Your Experian Credit Score? 501
Your TransUnion Credit Score? 549

How many years have you been on file with Equifax? 10 years
How many years have you been on file with Experian? 10 years
How many years have you been on file with TransUnion? 10 years

YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY

Do you have an open auto loan? Yes
Will this open auto loan be a trade-in? Trade In
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? GMAC
Your current open auto loan payment is? 242.00
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? 10
Total percentage utilized overall? 30
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? 1 year
Do you Rent or have a Mortgage, or Live w/Relative or Other? Mortgage
Your Monthly Rent or Mortgage payment? 1455/mo
How long have you held your current job? 4 years
Your total provable monthly gross income is? $7,500
Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return, or bank statements) bank statements
Is there additional monthly income? What amount monthly? none
Describe the source.
Is the additional monthly income provable?
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.) $1000.00
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
If yes, please very briefly describe.

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) 8
Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best)5

New or Used vehicle you are considering: Please very briefly describe.
2008 Mercury Mountaineer - ~$38,000.00

On behalf of CreditBoards Admin, MarvBear would like to extend a sincere and warm welcome to the Automotive Forum.

We have an Automotive FAQ (Frequently Asked Questions) section that should prove to be very helpful in your automotive knowledge quest.

In the Reading and Resource Section of this forum, which is a read only forum, you can look up information regarding Sales Tax by State, Lemon Laws by State, along with a number of industry specific topics very relevant from the dealership's perspective.

In the main section of this forum, there are two pinned topics both of which are read only topics. The first concerns Bank and Credit Union rates and tiers. You might find this useful in predicting an interest rate on your next vehicle purchase. The second is a general purpose credit application that you can use to get an idea if you might qualify for an automotive product loan based on an insider's perspective of the information you provide.

You, as a consumer, have a unique advantage to "pick my brain"as I have been in the Automotive Industry since 1972. I will endeavor my utmost to give you up to the minute information and explain any insider workings you may question.

Due to time constraints on my part, I may not always be available to answer your question right away. Don't be discouraged, this is a very busy board. If some extended time goes by without a reply, feel free to reply to your own post by typing the word *bump*. This will *bump* your post back up to the top of the forum where it is more easily seen.

We make every effort to maintain a warm and friendly, and particularly non-judgmental attitude here on CreditBoards. If you find someone is discourteous to you, use the REPORT button located at the bottom of every post-that will ensure that either I or another moderator or Admin looks at the post and decides if it is against our TOS.

Off-topic posts should go in the General Forum. And if you are a credit newbie, take a glance at our Newbies Section.


Come get your new keys!

HAPPY MOTORING

CB Admin: LKH, Pam, radi8, breeze
CB Mods: cotterpin, CargoJon, CramitCCCA's, fla-tan, MarvBear, psp, pryan67
Forum Leads: TeeSharice, orangecrush and Four20Nik

self employed?

Yes sir. I own an LLC with 3 employees...

predict approval.

Will it make a difference if I apply for a lease vs. purchase?

Based on the information you provided, I do not believe you would qualify for a lease.

Sorry to keep bothering you - but what would you suggest I do to help my chances with a lease? Should I get my utilization lower, wait for my scores to rise a little..?

I can also probably prove a higher income than 7k/month...

Very generally speaking most lenders would like to see an auto enhanced score of 640+.