This application is for my cousin who is thinks her only option is a Buy Here Pay Here car lot. Do you think she can get a loan if she goes to a reputable dealership? If not, what do you suggest? She needs a car asap. Thanks for your advice.
Her Age? 37
Equifax Credit Score? 610
Experian Credit Score? ?
TransUnion Credit Score? ?
How many years have you been on file with Equifax? At least 7-8 years not sure.
How many years have you been on file with Experian? not sure
How many years have you been on file with TransUnion? not sure
YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY
Do you have an open auto loan? NO - Never had a car loan before.
Will this open auto loan be a trade-in? NO
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? N/A
Rate your payment history on this open auto loan from 1-10 N/A
YOUR REVOLVING CREDIT HISTORY
Total number of revolving account(s) you have? 3
Total percentage utilized overall? 60%
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) 3
How many of your revolving accounts are known subprime credit cards (i.e. Aspire, 1st Premier) 2
YOUR PERSONAL INFORMATION
How long at your current residence? 37 years
Do you Rent or have a Mortgage, or Live w/Relative or Other? w/relative
Your Monthly Rent or Mortgage payment? N/A
How long have you held your current job? 1 year 5 months
Your total provable monthly gross income is? 1475.00
Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, tax return, bank statements) paycheck stub
Is there additional monthly income? What amount monthly? n/a
Describe the source.
Is the additional monthly income provable? N/A
Spousal income is not applicable. N/A
Please tell me your exact down payment in cash? (rebates and trade equity are not considered, please input a dollar value only.) $1200.00
Does any credit repository contain any Public Record? Yes
If yes, please very briefly describe. Chapter 7 BK Discharged 11/06
Does any credit repository contain any Collection Account(s)? Not sure
If yes, please very briefly describe.
Please rate your overall creditworthiness on a scale of 1-10 3
Please rate your Installment credit history on a scale of 1-10 3
Please rate your Revolving credit history on a scale of 1-10 3
New or Used vehicle you are considering: Used- inexpensive car.