App for Marv

[futurehomeowner?]

Your Age? 36

 

Your Equifax Credit Score? 729

Your Experian Credit Score? 740

Your TransUnion Credit Score? 721

 

How many years have you been on file with Equifax? 18 years

How many years have you been on file with Experian? 18 years

How many years have you been on file with TransUnion? 18 years

 

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? 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? 11

Total percentage utilized overall? 5%

How many of your revolving accounts are store cards? 3

How many of your revolving accounts are major credit cards? (i.e. Amex, MC, Visa) 8

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? 18 months

Do you Rent or have a Mortgage, or Live w/Relative or Other? Own

Your Monthly Rent or Mortgage payment? 425

How long have you held your current job? 5 years

Your total provable monthly gross income is? $2750

Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return) PAYCHECK STUB

Is there additional monthly income? What amount monthly?

Describe the source.

Is the additional monthly income provable? YES

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.) $2000

 

Does any credit repository contain any Public Record? NO

If yes, please very briefly describe

 

Does any credit repository contain any Collection Account(s)? No

If yes, please very briefly describe.

 

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

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) 10

 

We are looking to buy a 2014 Ford Flex at approximately 25k, or $420 ish a month. My credit is good/great but our income is low so wasn't sure about that aspect.

[MarvBear]

[futurehomeowner?]

Thanks marv, going for financing is so nerve racking. I used to sell cars and I can remember 3 or 4 times that I sold a car on a weekend and the loan never went through so we had to go get the car.

 

I think I am going to try to have a pre approval on hand before I even go.

[BRBiz]

Your scores are fine for a auto loan, the only question you really have is income. Marv said your good then your good and the dealer finance guy will know right away also if the income is a issue.

[futurehomeowner?]

I also get a weekly per diem of $150. Can I include that as income as well? I know for mortgages you really can't but didn't know if cars were different. The per diem is for gas since I drive about 300 miles a week.

[MarvBear]

That's a double edged sword. I can make the argument both ways.