Do you have over $10,000 in Debt? Get Help now.

Auto Loan For $78000 Near 35016, Alabama With A Credit Score Of 694

$78000 Auto Loan – Arab Alabama, Credit Score Of 694

  • Experian: 712 – The client had a good Experian score
  • Transunion: 676 – Fatimah had a good credit score with Transunion.
  • Equifax: Fatimah’s Experian score was 694, which is a good credit rating on the Experian scale.

Personal Loan for a model makers named Fatimah in Arab, Alabama to Pay Off Five Star Bank Visa Business Card

Fatimah had a lot of credit card debt on their First Niagara Secured MasterCard and their Astoria Bank Business Edition Visa Card, and they were starting to get in over their heads. Despite Fatimah’s job as a model makers, they struggled to make payments on the $20,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans range from $28,000.00 to $54,000.00. They are typically used to pay off existing high interest loans like credit cards. Fatimah required a debt consolidation loan to pay for their existing auto loan and their loan shark loan. Fatimah was able to find a auto loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which transfers your bad, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 2.0%.

Fatimah was rejected by The Citizens Bank 7 times before being approved by First Federal Savings and Loan Association of Arab at Northgate Shopping Center N Parkway

On November 28, 2012, Fatimah inquired about borrowing $8,000 from SouthTrust Bank of Central Alabama with Ashley, their in law from just outside Arab, and even with the co-signer, Fatimah was rejected for this auto loan. With good credit, it can be difficult to obtain funding, even with collateral and a co-signer.

When Fatimah was 23, they tried to obtain a student loan from 7 alternate banks, which damaged their credit rating. Below is a chronology of Fatimah’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $27,000.00 on August 28, 2011
  • Attempt 2) Loan for $37,000.00 on October 29, 2010
  • Attempt 3) Loan for $23,000.00 on May 18, 2009
  • Attempt 4) Loan for $29,000.00 on November 16, 2011
  • Attempt 5) Loan for $21,000.00 on February 12, 2010
  • Attempt 6) Loan for $34,000.00 on October 9, 2013
  • Attempt 7) Loan for $34,000.00 on September 27, 2010

Multiple previous requests for credit have been made by Fatimah in the past, including one from The Citizens and Southern Bank of Chamblee in Arab, Alabama before Fatimah was approved for the $78000 by First Federal Savings and Loan Association of Arab

Fatimah made 6 previous tries to obtain an auto loan, 2 of which were with The Citizens and Southern Bank of Chamblee, a lender in Arab, Alabama known to specialize in auto loans specifically. Before finding First Federal Savings and Loan Association of Arab, Fatimah was very concerned due to their inexperience and good credit score.

9 Months in the Past, Fatimah Attempted to Find a High Risk Loan for $25,000.00, and it was Hard

There is an existing struggle for clients to find high risk loans in a safe way. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Fatimah. Fatimah decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit borrowers. Borrowers with credit ratings as low as 352 can apply for a high risk loan and have a chance to be accepted.

Installment loan for Fatimah, a graduate of Piedmont Community College and a model makers working for over $65,000 per year

Fatimah, an alumnus at Piedmont Community College and a model makers in Arab, Alabama wants an auto loan to purchase something frivolous. Fatimah has instead decided to obtain an installment loan for $2,000 and is currently seeking lenders like The Bank of Arab to process their request.

Contact Details for First Federal Savings and Loan Association of Arab, the provider of this auto loan

  • First Federal Savings and Loan Association of Arab
  • City: Arab
  • State: Alabama
  • Address: Northgate Shopping Center N Parkway
  • County: Marshall
  • Zip code: 35016

Fatimah’s Overall FICO score at the time of acceptance for an auto loan, taking into account their model makers job and their future career as an outdoor education teacher

Fico Score: 694

Previous requests on Fatimah’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$69790.00 6 8.6% $1244.19 AuburnBank February 22, 2010
$69610.00 5 11.1% $1516.96 Bank of the South December 4, 2010
$70120.00 6 6.6% $1182.05 Alabama City Bank of Gadsden, Alabama March 17, 2012
$70330.00 5 7.2% $1399.26 The Exchange Bank, Attalla, Alabama April 4, 2014
Client Profile: Fatimah Haefele of Arab, Alabama
  • Full name (Changed if requested): Fatimah Haefele
  • Current Credit: loans.hit.utils.Fico@1e80bfe8
  • Current City: Arab
  • State: Alabama
  • Zip code: 35021
  • Yearly income: $46,000
  • Current Job: model makers
  • Current County: Marshall
  • Goal Yearly Income: $104,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Before applying for this auto loan, Fatimah had an Experian score of 712, which is good, so First Federal Savings and Loan Association of Arab most likely cannot provide Fatimah an auto loan

Experian Score: 712

Paraphrased and Standardized Quote from Fatimah for this auto loan of $78000, provided by First Federal Savings and Loan Association of Arab

Hi, I am Fatimah and I am from Arab in Alabama. Marshall, county is where I grew up, and now I need a auto loan in Alabama for $78000 to pay bills. It has been difficult, but First Federal Savings and Loan Association of Arab really came through for me with this loan for 8.8% interest APR and a term of 6 years. I can probably repay the loan over the 6 year term, including interest. A big thanks to First Federal Savings and Loan Association of Arab for giving me a chance and my good credit. It look me 7 years to build my credit to 694, and I won’t tarnish it any more. I’m happy with Find Texas Loans for assisting me this far.

Fast Loans for Fatimah in Arab, Alabama to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Arab, Alabama aren’t actually that difficult to obtain, particularly if you have some gumption like Fatimah. Fatimah was able to find a fast loan for $78000 from Merchants Bank of Alabama and Alabama City Bank of Gadsden, Alabama, but turned down both offers in favor of their auto loan from First Federal Savings and Loan Association of Arab. The difference with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. Much better in the case that a borrower is in a pinch.

Fatimah’s Transunion score was changed by the auto loan loan, changing to 676 from 694, which is normal in our experience.

Transunion Score: 676

Fatimah has a low current total income, but has several of prospects

Fatimah has always wanted to be an outdoor education teacher, but would need attend Piedmont Community College again to become one. Fatimah has other possibilities as well, including resource teacher, floral designer, and harbor master, which pay $52,000 through to $104,000 per year, at least. Because of this, we think that Fatimah can pay for this auto loan of $78000.

Signature Loan found in Arab, Alabama for $78000 with good credit by Fatimah

Many clients struggle with finding signature loans in Arab, Alabama, and Fatimah is not an exception. Fatimah went to 5 lenders or more before settling on First Federal Savings and Loan Association of Arab, who offered Fatimah a signature loan for $78000. Typical signature loans simply require a client, like Fatimah’s signature to get them, up to $39,000 in some cases. Fatimah was able to get $78000 as a auto loan, which is very high for an auto loan. Because signature loans don’t require a cosigner, these loans generally require higher credit, as high as 723

Conclusion of Fatimah’s auto loan

In the end, Fatimah was able to find an auto loan for $78000 with an interest rate of 6.4% interest APR from First Federal Savings and Loan Association of Arab in Arab, Alabama repayable over 6 years from today.

Will Alexander

Will Alexander has over 10 years of experience as a financial expert and writer. The goal of his work is to assist the people of Texas in finding loans for lower interest rates than they thought were possible. Will specializes in bad credit loans.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Names of borrowers and lenders have been modified, substituted, or fictionalized for search and privacy purposes. Information presented here is for entertainment purposes only and should not be interpreted as the truth.