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pqr710

App for Marv - What say you?

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Credit Application:

Your Age? 52

Your Equifax Credit Score?  619
Your Experian Credit Score?  617
Your TransUnion Credit Score?  617

How many years have you been on file with Equifax?  15
How many years have you been on file with Experian?  13
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?  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? 3
Total percentage utilized overall? 88%
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) 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?  Rent
Your Monthly Rent or Mortgage payment? 1950.00
How long have you held your current job? 5 year
Your total provable monthly gross income is? 5275
Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return) Paystub
Is there additional monthly income? What amount monthly? Yes. 700.
Describe the source. Rent from daughter
Is the additional monthly income provable? No
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.) 500
Does any credit repository contain any Public Record? Yes
If yes, please very briefly describe.   Bankruptcy 2/12

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) 6
Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best) 7
Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best) 7

New or Used vehicle you are considering: Please very briefly describe.

Used - 15000 to 18000 range (2014 to 2017 model year)

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Tell me about your previous installment credit lines that are satisfactorily well paid.

Sent from my SM-N950U using Tapatalk on a beach far far away.

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Paid off car loan without incident in 6 years.

 

Car is now 15 years old so the loan has fallen off the credit report.

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1 hour ago, pqr710 said:

Paid off car loan without incident in 6 years.

 

Car is now 15 years old so the loan has fallen off the credit report.

I know I could get it approved.   I would suggest a little skin in the game on your side though.  $500.00 down would not even cover the doc fee we charge, let alone the sales tax, tag, title fees.

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I know I could get it approved.   I would suggest a little skin in the game on your side though.  $500.00 down would not even cover the doc fee we charge, let alone the sales tax, tag, title fees.
based upon the line of questioning, what is the recommendation if you have several active subprime cards? should you dump them as soon as possible in favor of middle tier cards? I may be holding on to them too long as they really aren't doing anything for me at this point.

Sent from my SM-N950U using Tapatalk

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Don’t close your credit cards.   Your credit application indicates you have no subprime cards.  Even if you did, just pay down to like $2.00, just do not close them.  Close em and your score will drop.

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Don’t close your credit cards.   Your credit application indicates you have no subprime cards.  Even if you did, just pay down to like $2.00, just do not close them.  Close em and your score will drop.
I'm sorry. I didn't mean to jack the thread. I'm not the OP.

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16 minutes ago, MarvBear said:

Don’t close your credit cards.   Your credit application indicates you have no subprime cards.  Even if you did, just pay down to like $2.00, just do not close them.  Close em and your score will drop.

Umm Marv - that's not the OP.

 

I was going to say if the subprimes had an annual fee that's not waivable then close it. Otherwise leave it open.

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