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Armando Had Need For An Auto Loan For $12000, Lago Vista, Texas

$12000 Auto Loan – Lago Vista Texas, Credit Rating Of 638

  • Experian: 651 – This client had a good Experian score
  • Transunion: 623 – Armando had a good credit rating with Transunion.
  • Equifax: Armando’s Experian score was 638, which is a good credit rating with the Experian rating scheme.

9 Months Ago, Armando Tried Finding a High Risk Loan for $29,000.00, and it was Easy

There is an ongoing struggle for borrowers to get high risk loans in a non-harmful manner. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Armando. Armando decided not to obtain a high risk loan this time. High Risk loans are given to terrible credit clients. Individuals with credit ratings as low as 467 can inquire for a high risk loan and possibly can be accepted.

Armando was declined by Arrowhead Bank 5 times before being accepted by Lago Vista National Bank at Fm 1431 And Lohman Ford Road

On July 27, 2009, Armando inquired about borrowing $49,000 from First Community Bank San Antonio, National Association with Keva, their in law from just outside Lago Vista, and even with the co-signer, Armando was rejected for this auto loan. With good credit, it can be difficult to obtain funding, even with collateral and a co-signer.

Paraphrased and Standardized Quote from Armando for this auto loan of $12000, provided by Lago Vista National Bank

Hello, I am Armando and I am from Lago Vista in Texas. Williamson, county is where I grew up, and now I need a auto loan in Texas for $12000 to buy a big ticket item. It has been difficult, but Lago Vista National Bank really came through for me with this loan for 7.7% interest APR and a term of 6 years. I will repay the loan over the 6 year term, including interest. A big thanks to Lago Vista National Bank for giving me a chance and my good credit. It look me 7 years to create my credit to 638, and I won’t tarnish it any future. I’m happy with Find Texas Loans for assisting me this far.

Personal Loan for an anesthesiologist named Armando in Lago Vista, Texas to Pay Off New York & Company Credit Card

Armando had a tonne of credit card debt on their Agriculture Federal Credit Union Visa Platinum and their Synovus MasterCard Business Platinum Card, and they were starting to get in over their heads. Despite Armando’s job as an anesthesiologist, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Fast Loans for Armando in Lago Vista, Texas to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Lago Vista, Texas aren’t actually that difficult to obtain, particularly if you have some gumption like Armando. Armando was able to find a fast loan for $12000 from Guaranty Bank & Trust Company and Vista Bank, but declined both offers in favor of their auto loan from Lago Vista National Bank. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big difference in the case that a borrower is in a pinch.

Installment loan for Armando, a graduate of Lake Michigan College and an anesthesiologist working for over $73,000 per year

Armando, an alumnus at Lake Michigan College and an anesthesiologist in Lago Vista, Texas needs an auto loan to purchase something frivolous. Armando has instead chosen to obtain an installment loan for $24,000 and is currently seeking lenders like Commercial Bank of Texas, National Association to provide it.

Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans vary from $30,000.00 to $45,000.00. They are typically used to pay off existing high interest loans like credit cards. Armando needed a debt consolidation loan to pay for their existing auto loan and their credit card. Armando 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 bad, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 3.1%.

When Armando was 23, they tried to obtain a student loan from 6 alternate banks, which damaged their credit score. Below is a chronology of Armando’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $32,000.00 on October 18, 2010
  • Attempt 2) Loan for $27,000.00 on June 8, 2013
  • Attempt 3) Loan for $24,000.00 on September 27, 2013
  • Attempt 4) Loan for $30,000.00 on May 7, 2010
  • Attempt 5) Loan for $38,000.00 on October 16, 2008
  • Attempt 6) Loan for $21,000.00 on March 5, 2009

Contact Details for Lago Vista National Bank, the provider of this auto loan

  • Lago Vista National Bank
  • City: Lago Vista
  • State: Texas
  • Address: Fm 1431 And Lohman Ford Road
  • County: Williamson
  • Zip code: 78641

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

Armando has always wanted to be a model maker, but would need attend Lake Michigan College again to become one. Armando has other prospects as well, including law professor, home health aide, and industrial health engineer, which pay $57,000 through to $101,000 per year, at least. For this reason, we believe that Armando can afford this auto loan of $12000.

Multiple previous requests for credit have been made by Armando in the past, including one from Southeast Bank of Indian River, N.A. in Lago Vista, Texas before Armando was accepted for the $12000 by Lago Vista National Bank

Armando made 8 prior attempts to obtain an auto loan, 2 of which were with Southeast Bank of Indian River, N.A., a lender in Lago Vista, Texas known to specialize in auto loans specifically. Prior to finding Lago Vista National Bank, Armando was desperate due to their inexperience and good credit rating.

Client Profile: Armando Stadheim of Lago Vista, Texas
  • Full name (Changed if requested): Armando Stadheim
  • Current Credit: loans.hit.utils.Fico@37a71e93
  • Current City: Lago Vista
  • State: Texas
  • Zip code: 78647
  • Yearly income: $43,000
  • Current Job: anesthesiologist
  • Current County: Williamson
  • Goal Yearly Income: $128,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Armando’s Overall FICO score at the time of acceptance for an auto loan, taking into account their anesthesiologist job and their future career as a model maker

Fico Score: 638

Armando’s Transunion score was altered by the auto loan loan, changing to 623 from 638, which is normal in our experience.

Transunion Score: 623

Signature Loan found in Lago Vista, Texas for $12000 with good credit by Armando

Most borrowers struggle with finding signature loans in Lago Vista, Texas, and Armando is not an exception. Armando went to 7 lenders or more before settling on Lago Vista National Bank, who offered Armando a signature loan for $12000. Typical signature loans simply require a client, like Armando’s signature to get them, up to $25,000 in some cases. Armando was able to get $12000 as a auto loan, which is very high for an auto loan. Since signature loans do not need collateral, they tend to require better credit, as high as 799

Previous requests on Armando’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$91640.00 9 11.4% $1360.66 Comerica Bank December 27, 2011
$92250.00 4 9.2% $2304.42 First Star Bank, S.S.B. September 10, 2013
$91670.00 3 11.7% $3031.64 Brownfield State Bank & Trust Co. September 27, 2013
$92230.00 5 8.2% $1878.93 First Bank & Trust, Bryan, Texas January 13, 2014

Before applying for this auto loan, Armando had an Experian score of 651, which is good, so Lago Vista National Bank likely cannot provide Armando an auto loan

Experian Score: 651

Conclusion of Armando’s auto loan

In the end, Armando was able to find an auto loan for $12000 with an interest rate of 10.5% interest APR from Lago Vista National Bank in Lago Vista, Texas 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.

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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.