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Giantsali84

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  1. Hello everyone, My company just merged with another smaller company (trucking) and now that expenses have gone up (so has revenue obviously), I was thinking of offsetting some of the monthly expenses. We pretty much always pay within the terms of our agreements (mostly 30 days, with some 55 and 90) so American Express Corporate card could be an option for us what i wanted to know is, what are the requirements to get approved for a corp amex card? We have a 60 experian score and an 80 paydex so Im hoping that will be enough. If we get approved for the card, will they put us through the ringer regarding financial review like Ive heard other Amex card does? Are there any documents they would request after the fact? How does Amex categorize purchases made from fuel companies as well as the purchasing of trucking parts as well as paying for service and the like? Any help would be greatly appreciated. Thank you.
  2. APPROVING BANK Chrysler Capital aka ccap (backed by Santander Consumer USA) BUREAU PULLED Transunion CREDIT SCORE 724 (not sure which fico it was yet, will update later for more accurate info) CUSTOMER STATE OF RESIDENCE MI NEW/USED New YEAR OF VEHICLE 2017 MILEAGE 00 RETAIL/LEASE Lease AMOUNT OF LOAN 45000.00 ADVANCE PERCENTAGE TERM CONTRACTED 36 APR/LEASE RATE .00091MF (which is the top rate offered for the 2017 Chrysler Pacifica) MONTHLY PAYMENT $441 MISCELLANEOUS COMMENTARY: Applied for a 2017 chrysler pacifica touring L plus at 45k msrp. Approved for tier 2 (the 2nd best tier level). I do not plan on leasing this minivan until mid may, when rates should drop and incentives and residuals should improve. Dealers are telling me that NO ONE in interested in Leasing these. Thats good news, as the market will dictate ccap/fca to artificially inflate the residuals to make the lease more attractive Also, I have a couple dozen lates from student loans and only 9 months of car history but was able to get approved for a 2nd car; no trade in required
  3. Dealer and/or other party should be able to send official documents via fedex/ups and have the other person sign it using a notary. The signer then makes a copy (keeps the copy only) and send all original (signed and notarized) back to dealer or other party DIRECTLY. Any and all dealers SHOULD accommodate this. Many however wont as they feel things may be "fishy" or a specific law may prohibit such a thing. Although I doubt the ladder is true as its 2016 and this issue has popped up enough times that a lawful accomidation should have already been instituted.
  4. Now you're asking the question that I want to know... LOL!!! I'm not sure what the APR will be.. My wife's credit needs a "shot in the arm" since her scores are in the low to mid 5's---this is why I'm consigning.. The salesperson said that the lender could use my score to drive the rate or they may use a combination of mine and her scores to get the rate. With her scores alone she's looking at 18-19%!!! I recommend you apply by yourself. Get the approval, and then let the finance guy inform the underwriter she needs to be on the loan. The majority of the times, it doesnt change a single thing.
  5. chrysler cadillac toyota honda ally whichever basically has the easiest chance at one of the top 2 tier levels for a lease.
  6. Hey Marv., Im looking to Lease a vehicle thats about 10K in MSRP more than the car I currently Lease. I only have 7 months of Auto history. I have a very good paying job. I only have revolving history of 18 months. My credit is 8 years old. 13.5K in student loan balances. 0 lates in the past 15 months. More than 10 lates from 16-24 months (all of which is an error, requiring me to sue to get resolved unfortunately). Id like to know, what are the chances of being approved and if approved, what tier level am I likely to be given? Id appreciate any input you can offer. Your Age? 31 Your Equifax Credit Score? Auto Fico 8 = 701 Your Experian Credit Score? Auto Fico 8 = 699 Your TransUnion Credit Score? Auto Fico 8 = 722 How many years have you been on file with Equifax? 7 years How many years have you been on file with Experian? 7 years How many years have you been on file with TransUnion? 8 years Do you have an open auto loan? Yes Will this open auto loan be a trade-in? Yes 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? Student Loans = more than 10 and all are False reporting but Im sure underwritter may not care. Your current open auto loan is financed with? Nissan Your current open auto loan payment is? $461 Estimated amount you may be upside down in this vehicle? $2,000 Rate your payment history on this open auto loan from 1-10 (1=poor:10=Best) 10 Total number of revolving account(s) you have? 5 ($20,300 in limits) Total percentage utilized overall? 1% 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) 5 How many of your revolving accounts are known subprime credit cards (i.e. Aspire, 1st Premier) 0 How long at your current residence? 3 years Do you Rent or have a Mortgage, or Live w/Relative or Other? Rent Your Monthly Rent or Mortgage payment? $700 How long have you held your current job? 5 years Your total provable monthly gross income is? $8,500 Your provable monthly gross income is provable via what method? TAX Describe the source. Manager YOUR DOWNPAYMENT $2,000 Does any credit repository contain any Public Record? No Does any credit repository contain any Collection Account(s)? No
  7. Hello again, thank you for the replies, as they were helpful and I decided not to close the account,and instead; will PIF, as opposed to paying most of it from now on.
  8. Before opening the secured cap 1 card, I had only student loan tradelines (with roughly 72 lates, over the course of 5 years). Its a $3,000 secured card and it was ope in april. Id like to keep the card open for at least 6 months, before closing it; 6 month mark would be october 4. Currently have $300 balance and always have for the past 5 months The only other things I have on my credit is $4,000 unsecured credit card (authorized user), which has 6 months of reporting ($0 balance) $500 unsecured cap 1 card w/ 2 month reporting ($50 balance) Nissan 36 month lease, which is about to report 2 months in a couple weeks. If I were to close the secured 3k card after the 6 month mark, and open a BOA secured for the same amount (appd 3 wks ago and denied unsecured), how will that effect my credit? My hope is to be able to get a 2-3k unsecured credit card in 3 months from now. Any advice would be much appreciated. Currently, I have a fico of 630, which Im hoping...will be around 650 in a couple weeks, once the $4k card reports the new $0 balance in a few days; was previously maxed out.

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