Credit Application:

Your Age 37

Your Equifax Credit Score 672
Your Experian Credit Score 653
Your TransUnion Credit Score 660

How many years have you been on file with Equifax 1.8
How many years have you been on file with Experian 1.5
How many years have you been on file with TransUnion 2

YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY

Do you have an open auto loan y
Will this open auto loan be a trade-in n
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 CU
Your current open auto loan payment is 297
Estimated amount you may be upside down in this vehicle 0
Rate your payment history on this open auto loan from 1-10 (1=poor:10=Best) 9

YOUR REVOLVING CREDIT HISTORY

Total number of revolving account you have 8
Total percentage utilized overall 20
How many of your revolving accounts are store cards 4
How many of your revolving accounts are major credit cards? 4
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 3
Do you Rent or have a Mortgage, or Live w/Relative or Other w/relative
Your Monthly Rent or Mortgage payment 0
How long have you held your current job 2yrs
Your total provable monthly gross income is $2600
Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, tax return, bank statements) bank statements/ stubs
Is there additional monthly income? What amount monthly n
Describe the source.
Is the additional monthly income provable?

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?
If yes, please very briefly describe. N

Does any credit repository contain any Collection Account(s)?
If yes, please very briefly describe. N

Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) 7
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. 2006 suzuki gsxr 750

You are 37 and only on file for 2 years. What gives with that?

I moved here from Canada a few years ago. I couldn't even get a credit my first year here due to my ongoing immigration situation. Once I got my permament residence status, my Credit union gave me my bank account, car loan and credit card. Basically I was starting from scratch.

What will the new bike loan do to your DTI?

Thanks for the response.

My current DTI is 17%. My auto loan is $297/ month and have had the loan since may 05, and I have about $1100 in credit card balance that will be paid off in full within 2 weeks. I have about 7 credit cards with credit limits totaling about $5000.
I've only had most of them less than a year, a couple around 2 years. Building my credit has been a slow process so far. My Credit union really helped me out to get my first auto loan. I make enough money to pay for the motorcycle. I can easily handle a $300 monthly payment. I will either got my Credit Union, or through a dealer for my bike loan. I just don't want another hard pull on my file if my loan acceptance chances are slim.

Thanks for your help.

just to be safe, check with your credit union loan office first.

With over one year of satisfactory car credit on file, I'd tend to say approvable.

Thanks for your help and advice.

You and the other members on this site are a great source of information.

Just an update,

I applied with Suzuki (HSBC) on Sept. 30th and was approved with a Fico score of 674 when I applied. I was approved with a $13,500 limit for the Suzuki Credit card. The terms are 7.9% for the first 2 years, then their default rate for the remainder until paid in full. I went on a credit card app spree right after I got the loan and have been approved for several credit cards. (my credit score took a 15 point hit when my first credit apps hit my credit report, my fico scores have since gone up to 692 with some of the new accounts showing up now.

I now have an Amex Blue Cash ($5000) and a visa from my credit Union ($20,000), both with 5.9% balance tranfer rates until the transfers are paid off. I will be transfering some of the Suzuki Card balance to these cards. The rest I will transfer to some other cards with 0% for 12 months. I will end up paying very little interest overall.

Thanks again to the members for their help.

what CRA did hsbc(suzuki) pull for you?

They pulled Equifax.