New Customer Credit Application: Fill & Download for Free

One of the most important things to know when you apply for multiple credit cards at once is which credit bureau each bank uses to pull your credit report. In case you didn’t know, there are three major credit bureaus, also called credit reporting agencies (CRAs), in the United States. When you apply for new financing, banks and credit card companies can pay to access your credit report from Equifax, Experian or TransUnion.The credit reporting agency used by a card issuer to see your credit report can determine whether your application is approved or denied, especially when you apply for several cards in a short amount of time. If several card issuers pull the same credit report over and over again, it could affect your chances of being approved.However, if card issuers go to different credit bureaus to buy your reports, one issuer might not see that you’re applying for a new account elsewhere. As a result, your chances of being approved for several cards should increase.Multiple credit applications may reduce your FICO Score, so it’s important to know what you’re getting into before you decide to apply for several cards at once.Know your scoreBefore you apply for any type of new credit, it’s critical to know where your credit stands and reports before you fill out a new application. Knowing the condition of your credit gives you a better idea of how your application may look to potential credit card issuers.Checking your three credit reports is easy. You can request a free report from Equifax, TransUnion, and Experian once every 12 months online at Checking your credit score, on the other hand, can be slightly more complicated.The reason checking your credit score is complicated is because you don’t have just three credit scores (one for each of your reports). Rather, hundreds of credit scores are commercially available and some lenders use custom credit scores of their own. The result is thousands of credit score possibilities.The two most popular credit score brands in the U.S. are FICO and VantageScore. VantageScore, a joint venture created by the three credit reporting agencies, has been growing in popularity since its launch in 2006. But the FICO Score is still used by 90% of lenders in the United States.Your FICO Score is a number between 300 and 850. The score is based on the information found in your credit report. Lenders use scores to estimate your creditworthiness. The higher your score, the more likely you are to have your credit card applications approved.According to FICO, a “good” credit score is typically between 670 and 739. A FICO Score of 740-799 is “very good” and 800+ is considered “exceptional.”Don’t get bogged down with the quest for perfection. An 850 FICO Score might feel nice, In general, credit card companies don’t differentiate among scores between 720-850.These are the factors that make up your FICO Score. (Image courtesy of FICO)It is wise to learn as you can see in the chart above, five credit-report categories determine your FICO Score to varying degrees. These categories include your payment history, amounts owed, length of credit history, newly opened credit accounts, and the types of credit you use.Well am just an email away.

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I sold cars at a Toyota dealership in Coeur d’Alene Idaho. It wasn't a dealership where salesmen swarmed you. It had what's known as an "Up" system. There is a board with all of the salespeople names on it. A little marker next to your name meant it was your turn. If a customer came, it was your customer.If you're not aware, Coeur d'Alene is in Northern Idaho. Right next door to Hayden Lake, Idaho. Very very racist area back in the day. It's not as bad now, but there still are vestiges of racism. Especially against Indigenous Native Americans.My very first day at this dealership was actually my very first day selling cars altogether. There were 4 or 5 people ahead of me when I see this Native person looking at trucks. He's looking pretty closely at a few of them. He stumbles a little bit, appears not so much drunk but somewhat intoxicated.Nobody was going out to help him. I asked the salesman whose turn it was, "WTF? There's a customer out there."This old timer looks as me with his all knowing smug little smile and says "It's a drunk Indian with a bag of beer." F**king racist B**TARD!Yeah, the customer was carrying a bag but how could he just assume it's beer?"Go ahead. Take him, but that’s your next turn," he said.I asked the other salesmen who were ahead of me it it was okay with them. They all said, "yeah."I pop on out to the customer and start talking with him. Yes, he's fairly drunk but seems adamant that he wants to buy two 4X4 Toyota trucks. It's already been approved and that's his reason for being in town today. They'll be for the Fish and Game Department of his Tribe. He's the Department Head. At the time I knew, but now I don’t remember his Tribe. There are quite a few of them up there.I show him a bunch of different trucks and we settle on two. I take him for a test drive in both. I of course didn't let him drive because of his inebriation but we still go out on the highway and then up some off road hills behind the dealership. He loves them.I ask, "Do you want to buy these right now?"He answers, "Yes."Holy Moly am I ever thrilled!We go inside to my little office. I write the sale up for the two vehicles with the sale price the same as on the sticker on the car. I turn it around to him explaining everything and ask him the normal question - wanna buy now...He answers, "OK."Remember, this is my first sale ever so I'm pretty green. I didn't realize we hadn't negotiated or anything.I have him sign the paper and excitedly rush towards the sales office. As I pass the other salesmen, they're laughing at me like I'm a dumb little dipstick. I don't get why but continue to the office."Boss, this guy wants to buy not one but TWO TWO TWO trucks!" I'm thrilled at how easy this all is."Good job, Greg," Dale, the manager, says. "How is he going to pay for them?"Wow, am I ever the dummy. I grab a credit application and go back to my office. The salesmen out there are laughing their asses off.I'm back at the desk with my customer and ask him, "How would you like to pay?"He places that paper sack up on the table. It has $25,000 and some change in it.There's a look of stunned anger from the other salesmen as they each peek into my office and see me counting through all of this cash. Once I have the correct amount counted out, I return to Dale’s office.Of course as I pass the salesmen, they're babbling how I'm not going to get the sale because it wasn't my turn, blah, blah, blah.Dale's face showed a bit of surprise as I came in with all that cash. Professional that he was he counted out the money himself and told me to go shake the customer’s hand. He also told me not to worry about all the BS these other salesmen were laying on me, the sale was mine, that he hoped the other salesmen learned their lesson.I go and shake the customer's hand, "Congratulations!" I asked if he felt he was too drunk to drive. He answered in the affirmative. I suggested we pull the trucks around back of the dealership and that he takes a nap before leaving. He agreed. I pocketed both sets of keys.A few hours later my customer came out and said he was now fine to drive. I first made sure he still wanted the vehicle - after all, he was drunk when we started.He left in one truck and came picked up the other later on. Over the next few years I sold this individual seven trucks. He also sent me a good 8 or 10 referrals who also bought. We became good acquaintances.My wife and I had dinner at his house a couple times with a bunch of other people from the tribe. We were always welcome there on the reservation. Whenever we’d show up tribe members would bring us a smoked salmon or two. I of course always appreciated them but also found it a little disturbing. It bothered me that white people still took advantage of the Indigenous to the extent that me, a white boy, was a sensation just because I knew we were all the same, human beings.Those other salespeople were sure pissed at me. Should've been pissed at themselves for being so racist. Dale slapped them down and told them all to STFU.You asked "If I walked into a new car dealership with $20,000 in cash in a briefcase, how would the buying process be any better/worse?"It really wouldn't affect anything. EVERYTHING is cash to the dealer. If you finance your car, it's still CASH to the dealer. You may save a little time because the Finance person doesn't have to try and get your deal bought but that's about it IMHO.Actually, you may not get quite the same deal on the car because they know finance won’t make any money from your lack of payments.If you’re not aware, when you go finance a car at a dealership, they send your credit application and the sales contract to a variety of different banks. So say one of the banks says they’ll finance the deal at 4%. The dealer will then come back to you and say, “We got you a really good rate on your loan. It’s only 7.8%!” The dealer then gets the 3.8% difference in CASH.Here is the math:$523.07 per month = $30K at 7.8% for 72 months$469.36 per month = $30K at 4% for 72 months$523.07–469.36=53.71$53.71 X 72 = $3,222.60 additional profit to dealerEDIT: My answer is based on the U.S.A. during the 1970s into the late 1990s. Based on an answer from a reader from Romania, I question if what I typed is even pertinent today. Please research yourself before taking anything I said into consideration when you’re buying a car.