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Trading 2 old cars for a new car

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Credit Application:

Your Age:  61

Your Equifax Credit Score:  640
Your Experian Credit Score:  649
Your TransUnion Credit Score:  644

How long have you been on file with the CRA?s? 40 years

Previous Automotive Credit History:
Do you have an open auto loan?  No
Will this loan be a trade-in?  Yes
Number of late pays within the last 12 months on the currently open loan?  Not applicable
Number of late pays within the last 13-24 months on the currently open loan?  Not applicable
Current open auto loan is financed with?  Not applicable
Current open auto loan payment is?  Not applicable
Estimated amount you may be upside down in this vehicle?  Not applicable
Rate your payment history on this open auto loan from 1-10 (10=BEST)  Not applicable

 

I have read and understand the original pinned "No Credit Check Required" topic.

Revolving Credit History:
Total number of revolving accounts?  5
Total percent utilization overall?  30%

Your Information:
How long at residence?  17 years
Rent/Homeowner/Live with relative?  Own
How long at current job?  Retired
Total Provable MONTHLY GROSS INCOME?  6169
Provable via computerized paystub or what method?  Annuity statement

Your Downpayment in CASH:  0
Rebates not considered; Trade Equity not considered: CASH ONLY PLEASE INPUT. $0

Does any credit repository contain any Public Record? No
Is so, please describe.

Does any credit repository contain any Collection Account(s) One; medical that I'm disputing
If so, please describe.

New or Used Vehicle you are considering; please describe:  New Toyota Camry

Your creditworthiness on a scale of 1-10 with 10 being the best:
OVERALL credit:
Installment Credit History: 6
Revolving Credit History:  8

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Nvm. I see. How can I get rid of one? I had an account but thought I had to do another one for the forum. My apologies. 

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OK, which account do you wish to keep?  I'll try and combine them, but it will take me a little bit.   Please advise.  Then we can figure out which is the actual application you wish reviewed by the board.

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I'd like to keep the MakeWaves12.  The application I want to use is the one with $6169 gross salary--that will increase by almost $500 in July.  Thanks for all of your assistance.  

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done with the account merge. 

 

Your other app says you have CASH down.   Can you clarify the amount of cash you have?

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You indicate you are inquiry sensitive.  If your inquiry sensitivity outweighs your desire to take a chance on APR savings, then I personally would go to my credit union and get a draft for what I wanted to spend.  That way you should be approved IMO with just the one inquiry and the APR will be just what your approving CU analysts tells you.

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That’s the plan. I was under the impression that too many inquiries impacted the credit report in a negative way. I keep mine low, so taking a chance it is. 

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Not going to try and change your mind.   I wish you the absolute best.   If you do it that way, then you can trade your two older automobiles or put cash down at your pleasure.

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I certainly will. After traumatic events of the last five years (husband’s heart transplant in 2015 and me having Achilles’ tendon surgery, then falling and dislocating and fracturing the other foot in Dec 2019), I need something good to happen for me!  

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