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10 Year, Variable Interest Auto Loan For Mireya In California

$93000 Auto Loan – Los Angeles California, Credit Rating Of 467

  • Experian: 481 – This individual had a bad Experian rating
  • Transunion: 452 – Mireya had a bad credit rating with Transunion.
  • Equifax: Mireya’s Experian score was 467, which is a bad credit rating using the Experian rating scheme.

Contact Details for Manufacturers Bank, the provider of this auto loan

  • Manufacturers Bank
  • City: Los Angeles
  • State: California
  • Address: 515 South Figueroa Street
  • County: Los Angeles
  • Zip code: 90071

Paraphrased and Standardized Quote from Mireya for this auto loan of $93000, provided by Manufacturers Bank

Hi, I am Mireya and my hometown is Los Angeles in California. Los Angeles, county is where I grew up, and now I need a auto loan in California for $93000 to buy a car. It wasn’t easy, but Manufacturers Bank really came through for me with this loan for 11.6% interest APR and a term of 10 years. I can probably repay the loan over the 10 year term, including interest. A big thanks to Manufacturers Bank for giving me a chance and my bad credit. It look me 8 years to create my credit to 467, and I won’t tarnish it any more. I am happy with Find Texas Loans for helping me this far.

Client Profile: Mireya Burdis of Los Angeles, California
  • Full name (Changed if requested): Mireya Burdis
  • Current Credit: loans.hit.utils.Fico@6842775d
  • Current City: Los Angeles
  • State: California
  • Zip code: 90080
  • Yearly income: $32,000
  • Current Job: medical appliance technician
  • Current County: Los Angeles
  • Goal Yearly Income: $137,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Mireya was declined by The Merchants National Bank of Sacramento 4 times prior to being granted funding by Manufacturers Bank at 515 South Figueroa Street

On May 7, 2013, Mireya inquired about borrowing $33,000 from First Interstate Bank of California with Val, their in law from just outside Los Angeles, and even with the co-signer, Mireya was rejected for this auto loan. With bad credit, it can be difficult to obtain funding, even with collateral and a co-signer.

Installment loan for Mireya, a graduate of Kent State University and a medical appliance technician working for over $79,000 per year

Mireya, an alumnus at Kent State University and a medical appliance technician in Los Angeles, California needs an auto loan to purchase a car. Mireya has instead decided to get an installment loan for $6,000 and is currently seeking lenders like Santa Ynez Valley Bank to provide it.

When Mireya was 18, they attempted to obtain a student loan from 7 different banks, which harmed their credit score. Below is a list of Mireya’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on April 17, 2013
  • Attempt 2) Loan for $34,000.00 on March 14, 2009
  • Attempt 3) Loan for $29,000.00 on November 3, 2011
  • Attempt 4) Loan for $22,000.00 on October 5, 2010
  • Attempt 5) Loan for $27,000.00 on April 12, 2011
  • Attempt 6) Loan for $26,000.00 on January 30, 2009
  • Attempt 7) Loan for $32,000.00 on November 30, 2013

Before applying for this auto loan, Mireya had an Experian score of 481, which is bad, so Manufacturers Bank likely cannot provide Mireya an auto loan

Experian Score: 481

Personal Loan for a medical appliance technician named Mireya in Los Angeles, California to Pay Off Frontier Airlines World MasterCard with Annual Fee

Mireya had a tonne of credit card debt on their NBT Bank Visa Signature Bonus Rewards PLUS Card and their Starbucks Prepaid Rewards Card, and they were starting to get in over their heads. Despite Mireya’s job as a medical appliance technician, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Previous requests on Mireya’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$103320.00 10 7.1% $1204.96 Santa Monica Bank February 16, 2010
$102890.00 3 6.6% $3158.16 Farmers and Merchants Bank of Long Beach September 6, 2010
$102840.00 4 7.5% $2486.56 First Interstate Bank of California December 4, 2010
$102830.00 3 9.5% $3293.95 Union Bank March 28, 2012

9 Months in the Past, Mireya Tried Finding a High Risk Loan for $25,000.00, 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 the like, which can be physically harmful to borrowers like Mireya. Mireya decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit individuals. Clients with credit scores as low as 550 can inquire for a high risk loan and possibly can be approved.

Several previous requests for credit have been made by Mireya in the past, including one from Illinois State Bank in Los Angeles, California before Mireya was approved for the $93000 by Manufacturers Bank

Mireya made 9 prior attempts to obtain an auto loan, 2 of which were with Illinois State Bank, a bank in Los Angeles, California known to specialize in auto loans specifically. Prior to finding Manufacturers Bank, Mireya was very concerned due to their inexperience and bad credit rating.

Mireya has a disappointing current yearly income, but has a large amount of prospects

Mireya has always wanted to be a resource teacher, but would have to attend Kent State University again to achieve it. Mireya has other prospects as well, including structural drafter, sales representative, and music director, which pay $57,000 through to $90,000 per year, at least. For this reason, we believe that Mireya can afford this auto loan of $93000.

Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Normal debt consolidation loans range from $26,000.00 to $52,000.00. They are typically used to pay off existing high interest loans like credit cards. Mireya required a debt consolidation loan to pay for their existing auto loan and their payday loan. Mireya was able to find a auto loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your less desirable, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.8%.

Mireya’s Transunion score was altered by the auto loan loan, changing to 452 from 467, which is normal in our experience.

Transunion Score: 452

Mireya’s Overall FICO score at the time of acceptance for an auto loan, taking into account their medical appliance technician job and their future career as a resource teacher

Fico Score: 467

Fast Loans for Mireya in Los Angeles, California to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Los Angeles, California aren’t actually that difficult to obtain, particularly if you have some gumption like Mireya. Mireya was able to find a fast loan for $93000 from Union Bank and United States National Bank, but turned down both offers in favor of their auto loan from Manufacturers Bank. The difference 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 personal loans. A big difference in the case that you are on the go.

Signature Loan acquired in Los Angeles, California for $93000 with bad credit by Mireya

Most clients struggle with finding signature loans in Los Angeles, California, and Mireya is no exception. Mireya went to 8 lending institutions or more before finding Manufacturers Bank, who offered Mireya a signature loan for $93000. Most signature loans simply require a client, like Mireya’s signature to get them, up to $34,000 in some cases. Mireya was able to get $93000 as a auto loan, which is very high for an auto loan. Since signature loans do not need a cosigner, they tend to need higher credit, as high as 796

Conclusion of Mireya’s auto loan

In the end, Mireya was able to find an auto loan for $93000 with an interest rate of 5.6% interest APR from Manufacturers Bank in Los Angeles, California repayable over 10 years from now.

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.

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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.