$105000 Auto Loan – Dale Indiana, Credit Score Of 667
- Experian: 684 – They had a good Experian score
- Transunion: 648 – Vera had a good credit rating with Transunion.
- Equifax: Vera’s Experian score was 667, which is a good credit score using the Experian rating scheme.
Debt Consolidation Can Help Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt
Most debt consolidation loans range from $30,000.00 to $58,000.00. They are mainly used to pay off existing high interest loans like credit cards. Vera needed a debt consolidation loan to pay for their existing auto loan and their loan shark loan. Vera was able to find a auto loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which changes your less desirable, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 4.3%.
Previous requests on Vera’s credit
| Principle in USD | Term Length in Years | Annual Percentage Rate | Monthly Payment | Lender’s Branch Name | Date of Request |
|---|---|---|---|---|---|
| $122560.00 | 7 | 5.8% | $1778.7 | The Citizens Exchange Bank | November 16, 2008 |
| $123140.00 | 7 | 8.8% | $1968.73 | Alliance Bank | February 1, 2011 |
| $122870.00 | 3 | 8.1% | $3855.97 | Farmers State Bank | March 3, 2013 |
| $123270.00 | 4 | 11.3% | $3203.97 | First United Bank, National Association | June 30, 2014 |
| $123140.00 | 7 | 8.8% | $1968.73 | Farmers State Bank | December 20, 2014 |
Installment loan for Vera, a graduate of Davenport University and a book editor working for over $60,000 per year
Vera, an alumnus at Davenport University and a book editor in Dale, Indiana needs an auto loan to purchase something frivolous. Vera has instead decided to obtain an installment loan for $23,000 and is at present seeking lenders like American State Bank to process their request.
Vera has a disappointing current gross income, but has several of prospects
Vera has always wanted to be a patent agent, but would have to attend Davenport University again to become one. Vera has other possibilities as well, including sales promoter, agricultural equipment operator, and occupational safety & health inspector, which pay $55,000 through to $98,000 per year, at least. For this reason, we think that Vera can pay for this auto loan of $105000.
Vera’s Transunion score was altered by the auto loan loan, changing to 648 from 667, which is normal in our experience.
Contact Details for Lincolnland Bank, the provider of this auto loan
- Lincolnland Bank
- City: Dale
- State: Indiana
- Address: 5 North Washington Street
- County: Spencer
- Zip code: 47523
Multiple previous requests for credit have been made by Vera in the past, including one from The Tradesmens Bank and Trust Company of Vineland in Dale, Indiana before Vera was approved for the $105000 by Lincolnland Bank
Vera made 5 previous attempts to obtain an auto loan, 2 of which were with The Tradesmens Bank and Trust Company of Vineland, a lender in Dale, Indiana known to specialize in auto loans specifically. Before finding Lincolnland Bank, Vera was concerned due to their inexperience and good credit rating.
Vera’s Overall FICO score at the time of acceptance for an auto loan, taking into account their book editor job and their future career as a patent agent
Paraphrased and Standardized Quote from Vera for this auto loan of $105000, provided by Lincolnland Bank
Hello, I am Vera and I’m from Dale in Indiana. Spencer, county is where I grew up, and now I need a auto loan in Indiana for $105000 to avoid bankruptcy. It has been difficult, but Lincolnland Bank really came through for me with this loan for 11.5% interest APR and a term of 24 years. I can probably repay the loan over the 24 year term, including interest. A big thanks to Lincolnland Bank for trusting me and my good credit. It look me 4 years to create my credit to 667, and I won’t harm it any future. I am pleased with Find Texas Loans for assisting me this far.
Fast Loans for Vera in Dale, Indiana to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Dale, Indiana aren’t actually that difficult to obtain, especially if you have some gumption like Vera. Vera was able to find a fast loan for $105000 from First United Bank, National Association and Community State Bank, but turned down both offers in favor of their auto loan from Lincolnland Bank. The improvement with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. Much better in the case that a borrower is in a time sensitive situation.
6 Months Ago, Vera Tried to Find a High Risk Loan for $33,000.00, but They Didn’t Find What They were Expecting
It is an well known struggle for clients to find high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Vera. Vera chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit applicants. Clients with credit scores as low as 360 can apply for a high risk loan and possibly can be accepted.
When Vera was 20, they attempted to obtain a student loan from 6 different banks, which harmed their credit rating. Below is a list of Vera’s previous attempts at finding a student loan:
- Attempt 1) Loan for $37,000.00 on August 26, 2013
- Attempt 2) Loan for $34,000.00 on April 22, 2012
- Attempt 3) Loan for $31,000.00 on March 28, 2012
- Attempt 4) Loan for $37,000.00 on December 28, 2009
- Attempt 5) Loan for $21,000.00 on September 4, 2009
- Attempt 6) Loan for $25,000.00 on February 19, 2012
Signature Loan found in Dale, Indiana for $105000 with good credit by Vera
Many borrowers have difficulty with finding signature loans in Dale, Indiana, and Vera is no different. Vera went to 4 lending institutions or more prior to settling on Lincolnland Bank, who offered Vera a signature loan for $105000. Most signature loans simply require a client, like Vera’s signature to get them, up to $46,000 in some cases. Vera was able to get $105000 as a auto loan, which is very high for an auto loan. Since signature loans do not require collateral, these loans tend to need better credit, as high as 778
Personal Loan for a book editor named Vera in Dale, Indiana to Pay Off American Photo Visa Card
Vera had a lot of credit card debt on their WestJet RBC World Elite MasterCard and their OneCall Credit Card, and they were starting to get in over their heads. Despite Vera’s job as a book editor, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Before applying for this auto loan, Vera had an Experian score of 684, which is good, so Lincolnland Bank probably cannot provide Vera an auto loan
Vera was declined by Farmers State Bank 6 times before being accepted by Lincolnland Bank at 5 North Washington Street
On November 19, 2010, Vera applied about borrowing $46,000 from Citizens Banking Company with Vernell, their friend from just outside Dale, and even with the co-signer, Vera was rejected for this auto loan. With good credit, it can be very hard to obtain financing, even with collateral and a co-signer.
- Full name (Changed if requested): Vera Liesman
- Current Credit: loans.hit.utils.Fico@506e1b77
- Current City: Dale
- State: Indiana
- Zip code: 47531
- Yearly income: $50,000
- Current Job: book editor
- Current County: Spencer
- Goal Yearly Income: $129,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000
Conclusion of Vera’s auto loan
In the end, Vera was able to find an auto loan for $105000 with an interest rate of 11.3% interest APR from Lincolnland Bank in Dale, Indiana repayable over 24 years from now.
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