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Full Version: App for Marv
CreditBoards > Financing > Automotive Financing
5th-3lement
Your Age: 25
Your Equifax Credit Score: 630 FICO
Your Experian Credit Score: 650 FICO
Your TransUnion Credit Score: 690 FICO


How long have you been on file with the CRA?s? 7 years
Previous Automotive Credit History: No
Do you have an open auto loan? No
Will this loan be a trade-in? No
Number of late pays within the last 12 months on the currently open loan? 0
Number of late pays within the last 13-24 months on the currently open loan? 0
Current open auto loan is financed with? n/a
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 (10=BEST) n/a

Revolving Credit History:
Total number of revolving accounts? 1 (after bankruptcy)
Total percent utilization overall? 48%

Your Information:
How long at residence? 3 year
Rent/Homeowner/Live with relative? Rent.
How long at current job? 1 year
Total Provable MONTHLY GROSS INCOME? $600 ($2600 w/ hubby)
Provable via computerized paystub or what method? Computerized paycheck stubs
Your Downpayment in CASH: $500


Does any credit repository contain any Public Record? Yes
Chapter 7 Bankruptcy (discharged Feb. 03)

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


New or Used Vehicle you are considering; please describe:
Used, below $13,000

Your creditworthiness on a scale of 1-10 with 10 being the best:
OVERALL credit: 6
Installment Credit History: 8 (just started paying student loans)
Revolving Credit History: 6

I know it looks like a lender's nightmare. I could possibly get my mother to cosign if that would help.
MarvBear
at 600 monthly income is an automatic decline.

you would need a co-applicant with additional income prefferable your spouse.
5th-3lement
ok, that's what I figured; my hubby's FICOs are extremely low (see his signature below), would we still be approved? Would his scores increse the interest rate we're offered?
MarvBear
depends on the lender, if they blend the scores, then yes, his lower scores would have an impact on the apr.
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