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Auto Loan For $111000 Near 78761, Texas With A Credit Score Of 612

$111000 Auto Loan – Austin Texas, Credit Rating Of 612

  • Experian: 629 – The client had a good Experian rating
  • Transunion: 599 – Lakisha had a good credit rating with Transunion.
  • Equifax: Lakisha’s Experian score was 612, which is a good credit rating on the Experian rating scheme.

Personal Loan for a medical examiner/coroner named Lakisha in Austin, Texas to Pay Off Bloomingdale’s Credit Card

Lakisha had a lot of credit card debt on their RushCard Prepaid Visa Card and their First Niagara Bank Rewards MasterCard, and they were starting to get in over their heads. Despite Lakisha’s job as a medical examiner/coroner, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Lakisha has a disappointing current total income, but has several of prospects

Lakisha has always wanted to be a dental laboratory technician, but would need attend Strayer University again to achieve it. Lakisha has other possibilities as well, including disk jockey, personnel recruiter, and printing/graphic arts reproduction technician, which pay $56,000 through to $106,000 per year, on average. For this reason, we believe that Lakisha can pay for this auto loan of $111000.

Before applying for this auto loan, Lakisha had an Experian score of 629, which is good, so Frost Bank North Austin, National Association probably cannot provide Lakisha an auto loan

Experian Score: 629

Contact Details for Frost Bank North Austin, National Association, the provider of this auto loan

  • Frost Bank North Austin, National Association
  • City: Austin
  • State: Texas
  • Address: 100 East Anderson Lane
  • County: Travis
  • Zip code: 78761

Lakisha’s Transunion score was altered by the auto loan loan, changing to 599 from 612, which is typical in our experience.

Transunion Score: 599

Installment loan for Lakisha, a graduate of Strayer University and a medical examiner/coroner working for over $74,000 per year

Lakisha, an alumnus at Strayer University and a medical examiner/coroner in Austin, Texas wants an auto loan to purchase a car. Lakisha has instead decided to obtain an installment loan for $18,000 and is at present seeking lenders like First Star Bank, S.S.B. to provide it.

8 Months Ago, Lakisha Tried Finding a High Risk Loan for $47,000.00, and it was Hard

There is an well known struggle for borrowers to find high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Lakisha. Lakisha decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit clients. Individuals with credit ratings as low as 327 can inquire for a high risk loan and may be be approved.

Fast Loans for Lakisha in Austin, Texas to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Austin, Texas aren’t actually that difficult to obtain, especially if you have some finesse like Lakisha. Lakisha was able to find a fast loan for $111000 from Austin Bank, Rusk, Texas and Commercial Bank of Texas, National Association, but declined both offers in favor of their auto loan from Frost Bank North Austin, National Association. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. A big difference in the case that a client is on the go.

Previous requests on Lakisha’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$57260.00 4 6.5% $1357.92 Comerica Bank May 17, 2012
$57100.00 5 9.3% $1193.63 First Star Bank, S.S.B. September 8, 2014
$57220.00 9 9.7% $796.32 Brownfield State Bank & Trust Co. April 25, 2015
$56660.00 9 7.3% $717.25 First Bank & Trust, Bryan, Texas June 1, 2015

Paraphrased and Standardized Quote from Lakisha for this auto loan of $111000, provided by Frost Bank North Austin, National Association

Hello, I am Lakisha and I’m from Austin in Texas. Travis, county is where I grew up, and now I need a auto loan in Texas for $111000 to avoid bankruptcy. It wasn’t easy, but Frost Bank North Austin, National Association really came through for me with this loan for 8.7% interest APR and a term of 9 years. I will repay the loan over the 9 year term, including interest. A big thanks to Frost Bank North Austin, National Association for giving me a chance and my good credit. It look me 6 years to create my credit to 612, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for helping me this far.

When Lakisha was 21, they attempted to obtain a student loan from 5 alternate banks, which harmed their credit score. Below is a chronology of Lakisha’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $33,000.00 on March 19, 2009
  • Attempt 2) Loan for $39,000.00 on January 2, 2011
  • Attempt 3) Loan for $31,000.00 on September 10, 2011
  • Attempt 4) Loan for $36,000.00 on June 23, 2009
  • Attempt 5) Loan for $30,000.00 on April 15, 2013

Lakisha’s Overall FICO score at the time of acceptance for an auto loan, taking into account their medical examiner/coroner job and their future career as a dental laboratory technician

Fico Score: 612

Several other requests for credit have been made by Lakisha in the past, including one from The Kirk State Bank in Austin, Texas before Lakisha was approved for the $111000 by Frost Bank North Austin, National Association

Lakisha made 6 prior attempts to obtain an auto loan, 2 of which were with The Kirk State Bank, a lending institution in Austin, Texas known to specialize in auto loans specifically. Prior to finding Frost Bank North Austin, National Association, Lakisha was desperate due to their inexperience and good credit score.

Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans range from $36,000.00 to $52,000.00. They are mainly used to pay off existing high interest loans like credit cards. Lakisha required a debt consolidation loan to pay for their existing auto loan and their loan shark loan. Lakisha was able to find a auto loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which changes your dirty, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 4.1%.

Signature Loan acquired in Austin, Texas for $111000 with good credit by Lakisha

Many clients have difficulty with finding signature loans in Austin, Texas, and Lakisha is not an exception. Lakisha went to 5 lenders or more before settling on Frost Bank North Austin, National Association, who offered Lakisha a signature loan for $111000. Most signature loans simply need a client, like Lakisha’s signature to obtain them, up to $25,000 in some cases. Lakisha was able to get $111000 as a auto loan, which is very high for an auto loan. Because signature loans don’t require collateral, these loans tend to require higher credit, as high as 797

Client Profile: Lakisha Welters of Austin, Texas
  • Full name (Changed if requested): Lakisha Welters
  • Current Credit: loans.hit.utils.Fico@238e0d81
  • Current City: Austin
  • State: Texas
  • Zip code: 78763
  • Yearly income: $68,000
  • Current Job: medical examiner/coroner
  • Current County: Travis
  • Goal Yearly Income: $122,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Lakisha was rejected by Commercial Bank of Texas, National Association 7 times prior to being approved by Frost Bank North Austin, National Association at 100 East Anderson Lane

On December 24, 2008, Lakisha inquired about borrowing $43,000 from First Bank & Trust, Bryan, Texas with Wyatt, their in law from just outside Austin, and even with the co-signer, Lakisha was rejected for this auto loan. With good credit, it can be challenging to procure funding, even with collateral and a co-signer.

Conclusion of Lakisha’s auto loan

In the end, Lakisha was able to find an auto loan for $111000 with an interest rate of 7.8% interest APR from Frost Bank North Austin, National Association in Austin, Texas repayable over 9 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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