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  1. @hegemony I never noticed because it was Amex and on auto pay, so it should have PIF. However, Amex just adds the interest to a “minimum” payment and you have to make a separate manual payment on the principal of the pay over time balance. I am trying to use a county FHB program that requires use of a specific set of lenders. The lender is using the 5 percent rule as it is a “charge card” balance and adding $1500 a month to my DTI. According to her my mid Score 5 is 680. DTI is 38. Two payments totaling $500 have less than 12 payments, but she said they will count those anyway. I was told to find a way to remove the Amex balance by either paying it off or moving it to a revolving account or loan so that the payment is calculated based on the actual payment vs. the 5% estimate.
  2. Back in the spring I applied for a FHB program and mortgage. Everything was going mostly well with the exception of an outstanding balance on my AMEX platinum. I've had an AMEX of some kind for more than 30 years. A couple of years ago, I made an emergency purchase using the Pay Over Time function, not realizing that it no longer works the way that it had prior. Previously, you'd move the one thing, pay on it and done. Apparently, at the time of this purchase the program once turned "on" moved everything over a certain amount automatically into pay over time. I have everything on autopay, charge several thousand on this card monthly between myself and a AU, and did not notice the issue for several years. When I did realize the problem, I turned the feature off, but had racked up nearly 40K in charges and interest. I've paid it down to just under 30K, but the 'charge card' balance is calculated differently toward DTI than a revolving account or fixed payment loan. I do not have enough cash on hand to just pay this off, but my credit scores and income will allow me to get a loan product. Would it be more beneficial to go with a traditional personal loan via my bank or a crowd-funded source like Prosper/Lending Club? I previously used this site to improve my scores (high 700s) via a series of loans from the latter. I do not want to touch my 401K, which is the bulk of my savings. I also have the option of possibly selling a second car, which might net me $8-10K, but I'd really rather not for a host of reasons. How long would I need to allow any new consolidation loan to age before applying again? Given the current market, I am not necessarily in a rush, but I have a side business for which I am about to lose my leased workspace and could move it into a basement or outbuilding if I can find a suitable property.
  3. I am curious. When using these online calculators, should I enter my Score 5 or are they assuming most people are entering their Score 8?
  4. Thanks, BigPoppa. I finally got an approval today for 3.99 for 72 months on 23K. I am sort of bummed, but I am not a member and utilization (36 percent) might be a factor. I lost 58 points on a 30 day late from 1/2013 (CC discontinued autopay) and have never gotten back to 770+ scores. If I do direct deposit it will knock it down to 3.49. I am talking to several dealers and Chrysler currently has .9 for 84 months, BUT the dealer wants two pulls one for dealer and one for Chrysler. They also insist that without their financing all incentives are off the table. Should I: a) apply with PenFed (I think they use same score and DCU already hit me with the double tap) or can I use Crysler/SATANander online app to avoid double pull and god only know what else at the dealer? If I use the captive online will that screw me up onsite? Again, with both of my previous cars I just went in, let them murder me with the inquiries and rip me off on the financing/negotiations. I am trying to do better, but am very quickly becoming frustrated/disinterested in the entire process. Any guidance would be greatly appreciated.
  5. Thanks everyone. I am going to try DCU. I hate I didn't pull the trigger last week, when it was still 1.99 Is there anyway to apply without choosing new or used? I've never had a new car, but the features I want seem scarce in the used market.
  6. Marv - I guess I really want to know if I should try for Chrysler finance or go with DCU or someone else. I've only every just walked in, applied and took whatever they offered. I appreciate your help! Your Age? 46 Your Equifax Credit Score? 738/ 738 - Auto 5 Your Experian Credit Score? 724/ 693 Auto 8/ 739 Auto 2 Your TransUnion Credit Score? 732/ 701 Auto 4 and Auto 8 How many years have you been on file with Equifax? 25+ How many years have you been on file with Experian? 25+ How many years have you been on file with TransUnion? 25+ YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY Do you have an open auto loan? No Will this open auto loan be a trade-in? Optional / Low value on trade <$1,200 if I'm lucky How many late pays within the last 12 months on the currently open loan? NA How many late pays within the last 13-24 months on the currently open loan? NA Your current open auto loan is financed with? Your current open auto loan payment is? 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? 10 (several are a few hundred, I can pay off it if will get me low APR) Total percentage utilized overall? 36 How many of your revolving accounts are store cards? 1 (authorized user) How many of your revolving accounts are major credit cards? 9 How many of your revolving accounts are known subprime credit cards 3 (sock drawers) YOUR PERSONAL INFORMATION How long at your current residence? 8 years Do you Rent or have a Mortgage, or Live w/Relative or Other? Live with relative Your Monthly Rent or Mortgage payment? $0 How long have you held your current job? 2.5 years Your total provable monthly gross income is? $5800 Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return) Stub/verification number Is there additional monthly income? No 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? 1,000 Does any credit repository contain any Public Record? N0 If yes, please very briefly describe. Does any credit repository contain any Collection Account(s)? No Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) 8 Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best) 10 Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best) 6 New or Used vehicle you are considering: Please very briefly describe. New 2017 Jeep Renegade Latitude/ 2015-2016 Jeep Renegade
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