Credit Application:

Your Age? 29

Your Equifax Credit Score? 630
Your Experian Credit Score? 550
Your TransUnion Credit Score? 565

How many years have you been on file with Equifax? 11
How many years have you been on file with Experian? 11
How many years have you been on file with TransUnion? 11

YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY

Do you have an open auto loan? no
Will this open auto loan be a trade-in? n/a
How many late pays within the last 12 months on the currently open loan? n/a
How many late pays within the last 13-24 months on the currently open loan? n/a
Your current open auto loan is financed with? n/a
Your current open auto loan payment is? n/a
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? 0
Total percentage utilized overall? n/a
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) 0
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 11 months
Do you Rent or have a Mortgage, or Live w/Relative or Other? Rent
Your Monthly Rent or Mortgage payment? $1100
How long have you held your current job? 3 years self employed
Your total provable monthly gross income is? 42k
Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return, or bank statements)tax return and bank statements plus business license
Is there additional monthly income? What amount monthly?
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.) $1300 - not sure if trade equity means trade in...but I have a trade in valued at $3400.
Does any credit repository contain any Public Record? yes
If yes, please very briefly describe. 2 paid tax liens.

Does any credit repository contain any Collection Account(s)?
If yes, please very briefly describe. yes, $2600 - $3400 old debts from a business in 2001 have been in dispute since. Some have been paid and closed.

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

New or Used vehicle you are considering: Please very briefly describe. 2005 or newer hoping for under $18k and under 40k miles.

Additional note: Had 1 repossession with an 18k loan for a new subaru...recovered and paid charge off.

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: CargoJon, Chris in CA, cotterpin, CramItCCCAs, Cristy, fla-tan, hardpull, MarvBear, pryan67, psp, stealthmidget, Stryker, yourguide, ZeRo_C0oL
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approved with POI at $42,000.00 monthly. If self employed, requires 2 years auditied tax returns. Schedule C Line 31 is the number that will be scrutinized.

Thank you for taking the time to read my app...

What are my chances of getting approved by a bank so I can walk into the dealer with check in hand?

Any suggestions on which company/bank would finance me this way?

Are there any finance companies that only run Equifax?


If there are any banks reading this now, go ahead and PM me.

Do you make 42,000 a month or a year?

A year

First of all, you need to learn how to complete a credit application before you apply.

Thanks Marv,

Sorry to waste your time.