ok,
I am trying to buy a car this month. I have applied with Household and a few other places. take home from main job is $1250/mth but can also prove additional $300-500. Repo from like 3 years ago Just wondering what you all though USAA could do or if you had someone else in mind.
Credit Bureau Credit Score Rating
Equifax 586
Experian 563
TransUnion 616
Hoping to get scores boosted at least 4 point bf buying..
thanks for the help
Full Version: want to buy this month
On behalf of CreditBoards Admin, MarvBear would like to extend a sincere and warm welcome to the Automotive Forum.
We have an Automotive FAQ (Frequently Asked Questions) section that should prove to be very helpful in your automotive knowledge quest.
In the Reading and Resource Section of this forum, which is a read only forum, you can look up information regarding Sales Tax by State, Lemon Laws by State, along with a number of industry specific topics very relevant from the dealership's perspective.
In the main section of this forum, there are two pinned topics both of which are read only topics. The first concerns Bank and Credit Union rates and tiers. You might find this useful in predicting an interest rate on your next vehicle purchase. The second is a general purpose credit application that you can use to get an idea if you might qualify for an automotive product loan based on an insider's perspective of the information you provide.
You, as a consumer, have a unique advantage to "pick my brain"as I have been in the Automotive Industry since 1972. I will endeavor my utmost to give you up to the minute information and explain any insider workings you may question.
Due to time constraints on my part, I may not always be available to answer your question right away. Don't be discouraged, this is a very busy board. If some extended time goes by without a reply, feel free to reply to your own post by typing the word *bump*. This will *bump* your post back up to the top of the forum where it is more easily seen.
We make every effort to maintain a warm and friendly, and particularly non-judgmental attitude here on CreditBoards. If you find someone is discourteous to you, use the REPORT button located at the bottom of every post-that will ensure that either I or another moderator or Admin looks at the post and decides if it is against our TOS.
Off-topic posts should go in the General Forum. And if you are a credit newbie, take a glance at our Newbies Section.
Come get your new keys!
HAPPY
MOTORING
CB Admin: LKH, Pam, radi8, breeze
CB Mods: cotterpin, CargoJon, CramitCCCA's, fla-tan, MarvBear, psp, pryan67
Forum Leads: TeeSharice, orangecrush and Four20Nik
We have an Automotive FAQ (Frequently Asked Questions) section that should prove to be very helpful in your automotive knowledge quest.
In the Reading and Resource Section of this forum, which is a read only forum, you can look up information regarding Sales Tax by State, Lemon Laws by State, along with a number of industry specific topics very relevant from the dealership's perspective.
In the main section of this forum, there are two pinned topics both of which are read only topics. The first concerns Bank and Credit Union rates and tiers. You might find this useful in predicting an interest rate on your next vehicle purchase. The second is a general purpose credit application that you can use to get an idea if you might qualify for an automotive product loan based on an insider's perspective of the information you provide.
You, as a consumer, have a unique advantage to "pick my brain"as I have been in the Automotive Industry since 1972. I will endeavor my utmost to give you up to the minute information and explain any insider workings you may question.
Due to time constraints on my part, I may not always be available to answer your question right away. Don't be discouraged, this is a very busy board. If some extended time goes by without a reply, feel free to reply to your own post by typing the word *bump*. This will *bump* your post back up to the top of the forum where it is more easily seen.
We make every effort to maintain a warm and friendly, and particularly non-judgmental attitude here on CreditBoards. If you find someone is discourteous to you, use the REPORT button located at the bottom of every post-that will ensure that either I or another moderator or Admin looks at the post and decides if it is against our TOS.
Off-topic posts should go in the General Forum. And if you are a credit newbie, take a glance at our Newbies Section.
Come get your new keys!
HAPPY
MOTORINGCB Admin: LKH, Pam, radi8, breeze
CB Mods: cotterpin, CargoJon, CramitCCCA's, fla-tan, MarvBear, psp, pryan67
Forum Leads: TeeSharice, orangecrush and Four20Nik
QUOTE(Felecia @ Dec 5 2006, 12:25 PM) 
ok,
I am trying to buy a car this month. I have applied with Household and a few other places. take home from main job is $1250/mth but can also prove additional $300-500. Repo from like 3 years ago Just wondering what you all though USAA could do or if you had someone else in mind.
I am trying to buy a car this month. I have applied with Household and a few other places. take home from main job is $1250/mth but can also prove additional $300-500. Repo from like 3 years ago Just wondering what you all though USAA could do or if you had someone else in mind.
That's what's going to hurt you more than your scores. What kind of vehicle are you looking at to finance? Can you get a co-signer?
please cut n paste the credit app from the pinned topic within this thread and I will venture an opinion.
as previously stated do NOT use TAKE HOME income use GROSS INCOME.
as previously stated do NOT use TAKE HOME income use GROSS INCOME.
QUOTE(MarvBear @ Dec 5 2006, 03:48 PM)
please cut n paste the credit app from the pinned topic within this thread and I will venture an opinion.
as previously stated do NOT use TAKE HOME income use GROSS INCOME.
as previously stated do NOT use TAKE HOME income use GROSS INCOME.
Credit Application:
Your Age?24
Your Equifax Credit Score?586
Your Experian Credit Score?563
Your TransUnion Credit Score?616
How many years have you been on file with Equifax?6
How many years have you been on file with Experian?6
How many years have you been on file with TransUnion?6
YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY
Do you have an open auto loan?repossession 2003
Will this open auto loan be a trade-in?
How many late pays within the last 12 months on the currently open loan?
How many late pays within the last 13-24 months on the currently open loan?
Your current open auto loan is financed with?c itiuato transouth
Your current open auto loan payment is?
Estimated amount you may be upside down in this vehicle?
Rate your payment history on this open auto loan from 1-10 (1=poor:10=Best)
YOUR REVOLVING CREDIT HISTORY
Total number of revolving account(s) you have?1
Total percentage utilized overall?<50% still waiting to report
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)1
How many of your revolving accounts are known subprime credit cards (i.e. Aspire, 1st Premier)1 hooters master
YOUR PERSONAL INFORMATION
How long at your current residence?3
Do you Rent or have a Mortgage, or Live w/Relative or Other?rent
Your Monthly Rent or Mortgage payment?200
How long have you held your current job?1 year
Your total provable monthly gross income is?1250
Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, tax return, bank statements)check copy/ letter from employer
Is there additional monthly income? What amount monthly?400
Describe the source. From cash and carry business. Paid daily.
Is the additional monthly income provable? Can get letter from bussiness
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?
If yes, please very briefly describe.
Does any credit repository contain any Collection Account(s)?
If yes, please very briefly describe.
$513 med collection. In process of paying ca faxed letter stating would delete once paid
$387 med collection. Will pay in a few days and use letter from credit boards to try and get deleted. Spk with CA and they said they would not delete.
Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best)5
Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best)3
Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best)4
New or Used vehicle you are considering: Please very briefly describe.
Looking for about a $10000 loan. Trying to get a 04-06 corolla or Honda civic or accord. Also saw Pontiac G6 in my price range. Would buy brand new car for right price and if could get financing.
Part of your problem will be the income and being able to prove it to a lenders satisfaction. If you are a contract worker as stated in a previous post then we would view you as self employed.
QUOTE(MarvBear @ Dec 5 2006, 07:40 PM)
Part of your problem will be the income and being able to prove it to a lenders satisfaction. If you are a contract worker as stated in a previous post then we would view you as self employed.
great news, transunion deleted one of my bad capital one accounts! score hasnt changed on identity guard yet though. Also I am paying off the two collection items. one collection ageny is going to delete. the other i am sending to the OC with the letter from this forum requesting deletion from the CA. then disputing online and sending to CRA in mail and on phone as well. really trying to get that big push lol... wish me luck.
oh any recommendations of where i would have a chance?
dealership in your local area.
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