Jump to content

App for Marv -- low income, good credit


The last post in this topic was posted 3652 days ago. 

 

We strongly encourage you to start a new post instead of replying to this one.

Recommended Posts

Here goes nothing. Looking to replace my 12 year old Corolla that I've been driving into the ground. I'm hoping for a late model certified pre-owned.

Credit Application:

 

Your Age? 37

 

Your Equifax Credit Score? 728

Your Experian Credit Score? 756

Your TransUnion Credit Score? 762

 

How many years have you been on file with Equifax? 16

How many years have you been on file with Experian? 16

How many years have you been on file with TransUnion? 16

 

YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY

 

Do you have an open auto loan? no

Will this open auto loan be a trade-in? no

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? 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 (1=poor:10=Best) n/a

 

 

YOUR REVOLVING CREDIT HISTORY

 

Total number of revolving account(s) you have? 6

Total percentage utilized overall? 3%

How many of your revolving accounts are store cards? 2

How many of your revolving accounts are major credit cards? (i.e. Amex, MC, Visa) 4 (if you count Discover, 3 if not)

How many of your revolving accounts are known subprime credit cards (i.e. Aspire, 1st Premier) 0 (unless CapitalOne stands out, it was my subprime rebuilder and the APR is still horrible)

 

YOUR PERSONAL INFORMATION

 

How long at your current residence? 3.5 years

Do you Rent or have a Mortgage, or Live w/Relative or Other? rent, share w/girlfriend

Your Monthly Rent or Mortgage payment? $325 (total is $650, my gf and I share the lease and split it)

How long have you held your current job? 8.5 years

Your total provable monthly gross income is? $27000

Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return, or bank statements) all three, stubs most easily

Is there additional monthly income? What amount monthly? none

Describe the source. n/a

Is the additional monthly income provable? n/a

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.) $4500

Does any credit repository contain any Public Record? no

If yes, please very briefly describe. n/a

 

Does any credit repository contain any Collection Account(s)? yes

If yes, please very briefly describe. BOA Visa, went into collection 3/2005, is paid off, still shows up on Ex and TU, but should roll off soon (by next March)

 

Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) 9

Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best) 5 -- not enough info for them, I'm afraid.

Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best) 8 or 9. I'd say 9, unless they go back to 2005 ;)

 

New or Used vehicle you are considering: Please very briefly describe. Honda Fit, 2009 or '10, and unfortunately and Automatic, since I can't drive a stick. Manual would be cheaper, but I couldn't drive it.

Link to post
Share on other sites

  • Admin

Welcome to CreditBoards! We hope that you find what you're looking for here.

 

Some helpful tips:

 

  • Your post may not get a reply right away. Don't be discouraged, this is a very busy board. If it falls off of the first page, feel free
    to reply to your post yourself, with the word *bump* in the text. This will *bump* your post back up to the top of the board.
  • If you haven't yet, take a peek at out Newbies Section.
    Everything that you need to know is in that forum, for the most part! It's a lot of reading, we know, but this credit stuff can have a steep learning curve. In no time, you'll be posting like the pros!
  • If you find that someone is discourteous to you, use the REPORT button at the bottom of every post - that will ensure that a moderator or admin looks at the post and decides if it is against the TOS.
  • Off -topic posts should go in the General Forum.

 

Again, welcome to the CreditBoards family!

 

CB Admin: LKH, Pam, radi8, breeze

CB Mods: CargoJon, Chris in OK, cotterpin, CramItCCCAs, Fallon, MarvBear, mpc578, pryan67, psp, Stryker, TrevorHere

Forum Leads: brazen, Brian B The Loan Professor, cedski, DallasLoanGuy, hoapres, ICANHASMUNY?, Lighthouse84, Linx04, Neen, TeeSharice

 

 

Come get your new keys!

 

HAPPY car.jpg MOTORING

 

 

CB Admin: LKH, Pam, radi8, breeze

CB Mods: CargoJon, Chris in OK, cotterpin, CramItCCCAs, Fallon, MarvBear, mpc578, pryan67, psp, Stryker, TrevorHere

Forum Leads: brazen, Brian B The Loan Professor, cedski, DallasLoanGuy, hoapres, ICANHASMUNY?, Lighthouse84, Linx04, Neen, TeeSharice

Link to post
Share on other sites

Should be approvable with POI.

 

Egg. Sell. Ent. I was really concerned about my lowish income, but then again cow-orders of mine are driving new vehicles that I know they aren't good for. Now to get is corolla to last through the winter. I think I can take the month of February to shop and get a good deal.

Link to post
Share on other sites

We must live in different worlds then..........I don't consider $27000.00 monthly a low income.

 

Good for you.

 

Ahhh...I see now that I have made a significant digit error. Monthly I make 2700. We are indeed of the same earth.

 

It's just this kind of attention to detail that makes me nervous with every financial decision. I should be in the proof-reading habit by now.

Link to post
Share on other sites
  • 3 weeks later...

$2,700 isn't "low income" especially for 1/2 a household. FWIW I'm raising a family of 4 on not much more than that. I do not however, have any car loans.

Yeah, REALLY! I make a little over 1/3rd of that per month, and am the *entire* household. Needless to say, I drive an old beater.

Link to post
Share on other sites

$2,700 isn't "low income" especially for 1/2 a household. FWIW I'm raising a family of 4 on not much more than that. I do not however, have any car loans.

Yeah, REALLY! I make a little over 1/3rd of that per month, and am the *entire* household. Needless to say, I drive an old beater.

 

I have a Wife + 2 kids. 3X the money but 4X the people. How do you live anywhere on $900/mo?

Link to post
Share on other sites

The last post in this topic was posted 3652 days ago. 

 

We strongly encourage you to start a new post instead of replying to this one.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.




  • Member Statistics

    • Total Members
      183,036
    • Most Online
      2,046

    Newest Member
    PhDScholar
    Joined
×
×
  • Create New...

Important Information

Guidelines