$10000 Auto Loan – Knoxville Tennessee, Credit Score Of 409
- Experian: 419 – This individual had a bad Experian score
- Transunion: 390 – Man had a bad credit score with Transunion.
- Equifax: Man’s Experian score was 409, which is a bad credit rating using the Experian scale.
Man was declined by First Farmers and Merchants Bank 6 times before being granted funding by Home Federal Bank of Tennessee at 515 Market Street
On July 26, 2009, Man inquired about borrowing $16,000 from Peoples Bank & Trust Company with Julius, their friend from just outside Knoxville, and even with the co-signer, Man was rejected for this auto loan. With bad credit, it can be difficult to obtain financing, even with collateral and a co-signer.
Previous requests on Man’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$27460.00||7||8.2%||$430.74||Citizens Bank||January 7, 2011|
|$26780.00||7||5.3%||$382.29||SunTrust Bank, Chattanooga, National Association||November 18, 2011|
|$27100.00||4||11.3%||$704.37||GreenBank||August 22, 2012|
|$27280.00||10||11.6%||$385.11||CommunityFIRST Bank||January 6, 2014|
|$27140.00||9||8.1%||$354.74||Bank of Belfast||October 8, 2014|
Personal Loan for a court clerk named Man in Knoxville, Tennessee to Pay Off Peebles Credit Card
Man had a lot of credit card debt on their WinterSilks Credit Card and their MCU Visa Gold, and they were starting to get in over their heads. Despite Man’s job as a court clerk, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Man’s Transunion score was changed by the auto loan loan, changing to 390 from 409, which is normal in our experience.
- Full name (Changed if requested): Man Santio
- Current Credit: loans.hit.utils.Fico@3a4afd8d
- Current City: Knoxville
- State: Tennessee
- Zip code: 37910
- Yearly income: $67,000
- Current Job: court clerk
- Current County: Knox
- Goal Yearly Income: $139,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000
Man has a sad current total income, but has a large amount of prospects
Man has always wanted to be an insurance claim examiner, but would need attend Arizona State University again to become one. Man has other possibilities as well, including model makers, law professor, and airline flight operations administrator, which pay $56,000 through to $100,000 per year, on average. Because of this, we think that Man can afford this auto loan of $10000.
Signature Loan found in Knoxville, Tennessee for $10000 with bad credit by Man
A lot of clients struggle with finding signature loans in Knoxville, Tennessee, and Man is no exception. Man went to 6 lenders or more before settling on Home Federal Bank of Tennessee, who offered Man a signature loan for $10000. Typical signature loans simply need a client, like Man’s signature to get them, up to $49,000 in some cases. Man was able to get $10000 as a auto loan, which is very high for an auto loan. Since signature loans don’t require collateral, they tend to need higher credit, as high as 798
Contact Details for Home Federal Bank of Tennessee, the provider of this auto loan
- Home Federal Bank of Tennessee
- City: Knoxville
- State: Tennessee
- Address: 515 Market Street
- County: Knox
- Zip code: 37901
Man’s Overall FICO score at the time of acceptance for an auto loan, taking into account their court clerk job and their future job as an insurance claim examiner
Before applying for this auto loan, Man had an Experian score of 419, which is bad, so Home Federal Bank of Tennessee probably can provide Man an auto loan
Paraphrased and Standardized Quote from Man for this auto loan of $10000, provided by Home Federal Bank of Tennessee
Hello, I am Man and I’m from Knoxville in Tennessee. Knox, county is where I grew up, and now I need a auto loan in Tennessee for $10000 to buy a big ticket item. It wasn’t easy, but Home Federal Bank of Tennessee really came through for me with this loan for 11.6% interest APR and a term of 13 years. I will repay the loan over the 13 year term, including interest. A big thanks to Home Federal Bank of Tennessee for giving me a chance and my bad credit. It look me 5 years to build my credit to 409, and I won’t harm it any future. I am happy with Find Texas Loans for assisting me this far.
Debt Consolidation Can Assist Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Average debt consolidation loans vary from $31,000.00 to $44,000.00. They are typically used to pay off existing high interest loans like credit cards. Man needed a debt consolidation loan to pay for their existing auto loan and their loan shark loan. Man was able to find a auto loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which transfers your dirty, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 2.2%.
Installment loan for Man, a graduate of Arizona State University and a court clerk working for over $74,000 per year
Man, an alumnus at Arizona State University and a court clerk in Knoxville, Tennessee wants an auto loan to purchase a house. Man has instead decided to obtain an installment loan for $28,000 and is at present seeking lenders like Citizens Bank to provide it.
9 Months in the Past, Man Attempted to Find a High Risk Loan for $36,000.00, and it was Hard
It is an existing struggle for borrowers to get high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Man. Man decided not to get a high risk loan this time. High Risk loans are given to very low credit clients. Borrowers with credit ratings as low as 387 can inquire for a high risk loan and may be be accepted.
Many past requests for credit have been made by Man in the past, including one from Town Square Bank, Inc. in Knoxville, Tennessee before Man was accepted for the $10000 by Home Federal Bank of Tennessee
Man made 5 previous attempts to obtain an auto loan, 2 of which were with Town Square Bank, Inc., a lending institution in Knoxville, Tennessee known to specialize in auto loans specifically. Prior to finding Home Federal Bank of Tennessee, Man was desperate due to their inexperience and bad credit score.
Fast Loans for Man in Knoxville, Tennessee to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Knoxville, Tennessee aren’t actually that difficult to obtain, particularly if you have some gumption like Man. Man was able to find a fast loan for $10000 from The Bank of Goodlettsville and Peoples and Union Bank, but turned down both offers in favor of their auto loan from Home Federal Bank of Tennessee. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big improvement if a client is in a time sensitive situation.
When Man was 19, they tried to obtain a student loan from 5 alternate lenders, which harmed their credit score. Below is a chronology of Man’s previous attempts at finding a student loan:
- Attempt 1) Loan for $39,000.00 on November 18, 2008
- Attempt 2) Loan for $28,000.00 on February 17, 2011
- Attempt 3) Loan for $35,000.00 on July 18, 2011
- Attempt 4) Loan for $20,000.00 on November 24, 2010
- Attempt 5) Loan for $36,000.00 on June 22, 2009
Conclusion of Man’s auto loan
In the end, Man was able to find an auto loan for $10000 with an interest rate of 11.1% interest APR from Home Federal Bank of Tennessee in Knoxville, Tennessee repayable over 13 years from today.