$132000 Auto Loan – Downey California, Credit Score Of 680
- Experian: 698 – This client had a good Experian rating
- Transunion: 661 – Taneka had a good credit score with Transunion.
- Equifax: Taneka’s Experian score was 680, which is a good credit score on the Experian scale.
Multiple previous requests for credit have been made by Taneka in the past, including one from Cortez Community Bank in Downey, California before Taneka was approved for the $132000 by Golden State Bank
Taneka made 5 prior attempts to obtain an auto loan, 2 of which were with Cortez Community Bank, a bank in Downey, California known to specialize in auto loans specifically. Before finding Golden State Bank, Taneka was concerned due to their inexperience and good credit score.
7 Months Ago, Taneka Attempted to Find a High Risk Loan for $20,000.00, but They Didn’t Find What They were Expecting
It is an ongoing struggle for clients to get high risk loans in a non-harmful way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Taneka. Taneka chose not to get a high risk loan this time. High Risk loans are given to terrible credit applicants. Individuals with credit ratings as low as 318 can inquire for a high risk loan and have a chance to be approved.
Previous requests on Taneka’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$138260.00||9||8.5%||$1836.0||Santa Monica Bank||October 29, 2011|
|$137830.00||6||9.2%||$2498.16||Farmers and Merchants Bank of Long Beach||November 14, 2013|
|$138410.00||8||8.5%||$1992.01||First Interstate Bank of California||July 25, 2014|
|$137730.00||11||11.6%||$1851.38||Union Bank||December 3, 2014|
|$137800.00||3||8.4%||$4343.62||Citizens Commercial Trust and Savings Bank of Pasadena||December 24, 2014|
- Full name (Changed if requested): Taneka Fonohema
- Current Credit: loans.hit.utils.Fico@6e2c634b
- Current City: Downey
- State: California
- Zip code: 90248
- Yearly income: $36,000
- Current Job: biomedical engineer
- Current County: Los Angeles
- Goal Yearly Income: $122,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
Installment loan for Taneka, a graduate of University of Central Florida and a biomedical engineer working for over $69,000 per year
Taneka, an alumnus at University of Central Florida and a biomedical engineer in Downey, California wants an auto loan to purchase a new cell phone. Taneka has instead decided to obtain an installment loan for $1,000 and is at present seeking lenders like Bank of Stockton to provide it.
Fast Loans for Taneka in Downey, California to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Downey, California aren’t actually that difficult to obtain, especially if you have some gumption like Taneka. Taneka was able to find a fast loan for $132000 from The First National Bank of Holtville and Citizens State Bank of Santa Paula, but declined both offers in favor of their auto loan from Golden State Bank. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. Much better in the case that you are in a time sensitive situation.
Personal Loan for a biomedical engineer named Taneka in Downey, California to Pay Off Texas A&M Alumni Credit Card
Taneka had a lot of credit card debt on their AeroMexico Visa Card and their MCU2 Student Visa, and they were starting to get in over their heads. Despite Taneka’s job as a biomedical engineer, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Taneka has a disappointing current yearly income, but has several of prospects
Taneka has always wanted to be a surgeon, but would need attend University of Central Florida again to achieve it. Taneka has other possibilities as well, including control center specialist, ophthalmologist, and nuclear medicine technologist, which pay $52,000 through to $96,000 per year, on average. Because of this, we believe that Taneka can pay for this auto loan of $132000.
Contact Details for Golden State Bank, the provider of this auto loan
- Golden State Bank
- City: Downey
- State: California
- Address: 10230 South Paramount Boulevard
- County: Los Angeles
- Zip code: 90241
Debt Consolidation Will Assist Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans
Average debt consolidation loans range from $37,000.00 to $47,000.00. They are normally used to pay off existing high interest loans like credit cards. Taneka needed a debt consolidation loan to pay for their existing auto loan and their payday loan. Taneka was able to find a auto loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which converts your bad, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 4.2%.
Before applying for this auto loan, Taneka had an Experian score of 698, which is good, so Golden State Bank probably can provide Taneka an auto loan
Taneka’s Transunion score was changed by the auto loan loan, changing to 661 from 680, which is normal in our experience.
Signature Loan found in Downey, California for $132000 with good credit by Taneka
A lot of clients have difficulty with obtaining signature loans in Downey, California, and Taneka is the same. Taneka went to 5 lending institutions or more before settling on Golden State Bank, who offered Taneka a signature loan for $132000. Typical signature loans simply require a client, like Taneka’s signature to obtain them, up to $30,000 in some cases. Taneka was able to get $132000 as a auto loan, which is very high for an auto loan. Because signature loans do not need collateral, they tend to need higher credit, as high as 771
Taneka’s Overall FICO score at the time of acceptance for an auto loan, taking into account their biomedical engineer job and their future job as a surgeon
Taneka was not approved by Mechanics Bank 4 times prior to being approved by Golden State Bank at 10230 South Paramount Boulevard
On October 20, 2013, Taneka inquired about borrowing $24,000 from First Interstate Bank of California with Grisel, their in law from just outside Downey, and even with the co-signer, Taneka was rejected for this auto loan. With good credit, it can be a challenge to procure funding, even with collateral and a co-signer.
When Taneka was 23, they tried to obtain a student loan from 6 alternate banks, which harmed their credit score. Below is a chronology of Taneka’s prior attempts at finding a student loan:
- Attempt 1) Loan for $24,000.00 on March 3, 2011
- Attempt 2) Loan for $22,000.00 on January 18, 2012
- Attempt 3) Loan for $20,000.00 on September 11, 2013
- Attempt 4) Loan for $25,000.00 on July 2, 2011
- Attempt 5) Loan for $36,000.00 on February 20, 2011
- Attempt 6) Loan for $33,000.00 on August 17, 2011
Paraphrased and Standardized Quote from Taneka for this auto loan of $132000, provided by Golden State Bank
Hi, I am Taneka and I’m from Downey in California. Los Angeles, county is where I grew up, and now I need a auto loan in California for $132000 to pay bills. It has been difficult, but Golden State Bank really came through for me with this loan for 8.6% interest APR and a term of 4 years. I can probably repay the loan over the 4 year term, including interest. A big thanks to Golden State Bank for trusting me and my good credit. It look me 8 years to build my credit to 680, and I won’t tarnish it any more. I am pleased with Find Texas Loans for assisting me this far.
Conclusion of Taneka’s auto loan
In the end, Taneka was able to find an auto loan for $132000 with an interest rate of 9.1% interest APR from Golden State Bank in Downey, California repayable over 4 years from today.