CREDIT SCORES:
Equifax: 670 FICO
Transunion: roughly 650
Experian: unknown but it's the worst
YOUR CREDIT:
Rate your over all credit on a scale of 1-10: 8
Rate your installment credit (auto, mortgage, ect...) on a scale of 1-10: 8
Rate your credit in the last year on a scale of 1-10: 8
How long have you had credit? 8 yrs
BK? no
if yes:
OPEN ACCOUNTS:
Open auto's (yes or no)? yes, 8 months old
if yes:
1. are you trading your open car in (yes or no)? no
2. how many open auto's do you have? 1
3. how did you pay the curent auto (x30 x60 x90)?
4. recent lates? never
Current credit card balances (its ok): 7000
YOUR INFO
Total Gross Monthly Income (provable): 2000
Can you prove your income (paystubs or tax returns)? yes
AUTO HISTORY:
Have you ever financed an auto before (yes or no)? yes
if yes:
1. rate your past auto credit history on a scale of 1-10: 10
2. who is your current auto financed with: Pen Fed CU
3. current payment: 237
4. upside down in your trade (how much $) n/a
What You Are Looking For:
Are you look into NEW or USED? hardly used
if new:
1. what car or cars?
Please leave comments that may matter, that have not been asked:
Active duty military living on base so I have no housing costs. Have a handfull of recently opened credit cards. (like 4 and recent meaning 5-9 months out) Utlization is about 60 percent. 2 previously paid in full auto loans besides the current one. No trade in since we are looking for a second car. Applied online with Ford Motor Credit yesterday and they flat out said no. They pulled EQ. Only derog on there is 1- 90 day late from 2000 on a closed credit card.
WHAT WOULD YOU LIKE TO KNOW? Should I pay down some debt before we look for another car or is it not going to matter (I want a low rate, we have 2.9% on our current car, which we got with a lower score)? What kind of rate am I looking at with this scenario? I applied online with Ford because I would like to have financing done before we go shopping (did that when we bought the car and I think we got a better deal because of it), is that the way to go or should I go mess with the dealer? I just don't want to get ripped off. Thanks for any help!