Credit Application:

Your Age? 42

Your Equifax Credit Score? 500’s not sure of exact
Your Experian Credit Score? 500’s not sure of exact
Your TransUnion Credit Score? 500’s not sure of exact

How many years have you been on file with Equifax? 10+
How many years have you been on file with Experian? 10+
How many years have you been on file with TransUnion? 10+

YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY

Do you have an open auto loan? No
Will this open auto loan be a trade-in?
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?
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?
Total percentage utilized overall? 100% Credit, 0% Debt
How many of your revolving accounts are store cards?
How many of your revolving accounts are major credit cards? (i.e. Amex, MC, Visa)
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? 4 Years (Current)
Do you Rent or have a Mortgage, or Live w/Relative or Other? Renting (Current)
Your Monthly Rent or Mortgage payment? $800
How long have you held your current job? 6 months
Your total provable monthly gross income is? $ 5,769(Pre-Taxes) $3,774.62 (After Taxes)
Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return, or bank statements) Computerized Paycheck Stub
Is there additional monthly income? What amount monthly? N/A
Describe the source.
Is the additional monthly income provable? N/A
Spousal income is not applicable.

YOUR DOWNPAYMENT
Please tell me your exact down payment in cash?
Would put down 5k
Does any credit repository contain any Public Record? Dekalb County Superior Court: $6,325 . Gwinnett County Superior Court: 1,513


Does any credit repository contain any Collection Account(s)? Yes
Escallate Inc. – 335. Afni - $160. CBCS - $300. Child Support Enforcement – 2,310. 1 repossession (car Mar 06), Forclosure (06)



Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) 6
Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best) 6
Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best) 6

New or Used vehicle you are considering: Please very briefly describe.

I'm currently looking to purchase a Used 2006 Audi A4 2.0T $17,999

This is the 2nd. car i'm looking at:


Credit Application:

Your Age? 42

Your Equifax Credit Score? 500’s not sure of exact
Your Experian Credit Score? 500’s not sure of exact
Your TransUnion Credit Score? 500’s not sure of exact

How many years have you been on file with Equifax? 10+
How many years have you been on file with Experian? 10+
How many years have you been on file with TransUnion? 10+

YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY

Do you have an open auto loan? No
Will this open auto loan be a trade-in?
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?
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?
Total percentage utilized overall? 100% Credit, 0% Debt
How many of your revolving accounts are store cards?
How many of your revolving accounts are major credit cards? (i.e. Amex, MC, Visa)
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? 4 Years (Current)
Do you Rent or have a Mortgage, or Live w/Relative or Other? Renting (Current)
Your Monthly Rent or Mortgage payment? $800
How long have you held your current job? 6 months
Your total provable monthly gross income is? $ 5,769(Pre-Taxes) $3,774.62 (After Taxes)
Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return, or bank statements) Computerized Paycheck Stub
Is there additional monthly income? What amount monthly? N/A
Describe the source.
Is the additional monthly income provable? N/A
Spousal income is not applicable.

YOUR DOWNPAYMENT
Please tell me your exact down payment in cash?
Would put down 5k
Does any credit repository contain any Public Record? Dekalb County Superior Court: $6,325 . Gwinnett County Superior Court: 1,513


Does any credit repository contain any Collection Account(s)? Yes
Escallate Inc. – 335. Afni - $160. CBCS - $300. Child Support Enforcement – 2,310. 1 repossession (car Mar 06), Forclosure (06)



Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) 6
Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best) 6
Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best) 6

New or Used vehicle you are considering: Please very briefly describe.

I'm currently looking to purchase a Used 2007 Infiniti M35 $24,999

And lastly, trying to keep my options open if I get turned down for the one i'd really like to buy



Credit Application:

Your Age? 42

Your Equifax Credit Score? 500’s not sure of exact
Your Experian Credit Score? 500’s not sure of exact
Your TransUnion Credit Score? 500’s not sure of exact

How many years have you been on file with Equifax? 10+
How many years have you been on file with Experian? 10+
How many years have you been on file with TransUnion? 10+

YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY

Do you have an open auto loan? No
Will this open auto loan be a trade-in?
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?
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?
Total percentage utilized overall? 100% Credit, 0% Debt
How many of your revolving accounts are store cards?
How many of your revolving accounts are major credit cards? (i.e. Amex, MC, Visa)
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? 4 Years (Current)
Do you Rent or have a Mortgage, or Live w/Relative or Other? Renting (Current)
Your Monthly Rent or Mortgage payment? $800
How long have you held your current job? 6 months
Your total provable monthly gross income is? $ 5,769(Pre-Taxes) $3,774.62 (After Taxes)
Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return, or bank statements) Computerized Paycheck Stub
Is there additional monthly income? What amount monthly? N/A
Describe the source.
Is the additional monthly income provable? N/A
Spousal income is not applicable.

YOUR DOWNPAYMENT
Please tell me your exact down payment in cash?
Would put down 5k
Does any credit repository contain any Public Record? Dekalb County Superior Court: $6,325 . Gwinnett County Superior Court: 1,513


Does any credit repository contain any Collection Account(s)? Yes
Escallate Inc. – 335. Afni - $160. CBCS - $300. Child Support Enforcement – 2,310. 1 repossession (car Mar 06), Forclosure (06)



Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) 6
Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best) 6
Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best) 6

New or Used vehicle you are considering: Please very briefly describe.

I'm currently looking to purchase a Used 2005 Nissan 350Z $19,995

My credit situation is pretty poor, due to divorce, losing my job, etc. (credit rpts in the 500's)
Now i'm starting to get back on my feet and with the help of Credit Boards i'm making in-roads to repairing my credit. I'm in the market for purchasing a new car and I have at least 3 that i'm looking at (credit apps put in to marv to look at). I have a quick question about the overall process & which side would be easier for approval. I'm looking at a large dealer for a used 05 Nissan and a smaller dealer (not a buy here/pay here type place) for 2 others. Would it be easier to get financing from the big dealership or the smaller one. Also what type of paperwork should I be expected to bring with me? I'm sure proof of income, i'm not sure if I should be expecting to bring anything else with me.

The dealership isn't the one that's going to approve you on the loan but the banks. So, I would probably say whichever has the stronger financial division. I would guess that a larger dealership would have more clout since they probably perform more transactions. A finance guy at a bigger dealership probably has more connections/favors to pull in due to the amount of business it sends to the banks.

My 0.02.

You want to narrow down your choice to one car and then try to get it financed. Negotiate the cash price on each one and choose which is the best deal. With any used car, have your mechanic inspect it before signing. Do not waste a bunch of inq's and denials on cars that you would not buy even if you are approved.

If the approving lender stipulates more documents from you, you can provide them later. Unless you absolutely insist on taking the car home that day, which is usually not a good idea.

Well that's kind of why I was asking, I didn't want the dealerships pulling my credit a bunch of times to be denied at one dealership and then have to go to another one anyway. I'm leaning towards the bigger dealership I agree that they might have a stronger arm into financial agencies as well as the fact there vehicle is cheaper. So one other question, what would be the best approach?, let the sales person put in the credit app and then figure out something or just ask to talk to the finance mgr & let him know that my credit isn't good and to only apply to places that i'd have a chance to get approval. I have to say this whole thing is kind of nerve wracking. I'm making 75k and worried about applying for a loan of 20k with 5k down. Hopefully this process will be over soon...

its all about the finance guy not so much the size of the dealer. Ive seen some weak sucks at large dealerships who couldnt get a pack of cigarettes financed much less a 20k sled. I would be drilling the finance guy as to how much pull he has at various lenders and hopefully he has some numbers to prove it>

Any particular questions I should be asking the finance guy? And based on what he tells me when should I be comfortable to let him pull the trigger on pulling my credit?

I don't allow people to interview me for my qualifications.

However, I would happy to discuss a particular consumer's credit file after I have pulled it and discuss what I believe are viable options.

If your credit is viewed as less than pristine, you may be required to provide:

POI
POR
Phone Bill
5-8 References

Among other things just off the top of my head.

Pick a vehicle first.

If your auto enhanced score is below 520, it'll be really expensive in Georgia. Below 520 you will definately go into tertiary financing, some other have cutoffs at 580 and 560 respectively.