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Auto Loan For $188000 Near 42301, Kentucky With A Credit Score Of 372

$188000 Auto Loan – Owensboro Kentucky, Credit Score Of 372

  • Experian: 384 – This individual had a terrible Experian rating
  • Transunion: 354 – Salena had a terrible credit rating with Transunion.
  • Equifax: Salena’s Experian score was 372, which is a terrible credit score with the Experian scale.

Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Average debt consolidation loans vary from $37,000.00 to $46,000.00. They are mainly used to pay off existing high interest loans like credit cards. Salena required a debt consolidation loan to pay for their existing auto loan and their payday loan. Salena 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 dirty, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.0%.

Salena was declined by Peoples Bank and Trust Company 6 times before being approved by First Home Federal Savings and Loan Association at 531 Frederica St

On June 28, 2011, Salena inquired about borrowing $31,000 from Citizens Bank & Trust Company, Burgin, Kentucky with Nam, their in law from just outside Owensboro, and even with the co-signer, Salena was rejected for this auto loan. With terrible credit, it can be difficult to obtain financing, even with collateral and a co-signer.

Before applying for this auto loan, Salena had an Experian score of 384, which is terrible, so First Home Federal Savings and Loan Association most likely cannot provide Salena an auto loan

Experian Score: 384

Fast Loans for Salena in Owensboro, Kentucky to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Owensboro, Kentucky aren’t actually that difficult to obtain, especially if you have some gumption like Salena. Salena was able to find a fast loan for $188000 from Hyden Citizens Bank and Farmers National Bank, but turned down both offers in favor of their auto loan from First Home Federal Savings and Loan Association. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. Much better in the case that you are on the go.

Personal Loan for a bindery machine tender named Salena in Owensboro, Kentucky to Pay Off BankAmericard Basic Visa Card

Salena had a tonne of credit card debt on their USA Fit Rewards Visa Credit Card and their Tarjeta BankAmericard Cash RewardsVisa, and they were starting to get in over their heads. Despite Salena’s job as a bindery machine tender, they struggled to make payments on the $29,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Salena’s Transunion score was changed by the auto loan loan, changing to 354 from 372, which is normal in our experience.

Transunion Score: 354

When Salena was 19, they attempted to obtain a student loan from 5 alternate lenders, which harmed their credit score. Below is a list of Salena’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $31,000.00 on September 29, 2010
  • Attempt 2) Loan for $25,000.00 on July 27, 2012
  • Attempt 3) Loan for $38,000.00 on July 22, 2010
  • Attempt 4) Loan for $29,000.00 on November 11, 2009
  • Attempt 5) Loan for $29,000.00 on November 7, 2008

Contact Details for First Home Federal Savings and Loan Association, the provider of this auto loan

  • First Home Federal Savings and Loan Association
  • City: Owensboro
  • State: Kentucky
  • Address: 531 Frederica St
  • County: Daviess
  • Zip code: 42301

Installment loan for Salena, a graduate of Governors State University and a bindery machine tender working for over $61,000 per year

Salena, an alumnus at Governors State University and a bindery machine tender in Owensboro, Kentucky wants an auto loan to purchase a house. Salena has instead decided to obtain an installment loan for $11,000 and is at present seeking lenders like Farmers National Bank of London to process their request.

Multiple previous requests for credit have been made by Salena in the past, including one from Michigan Bank – Livingston in Owensboro, Kentucky before Salena was accepted for the $188000 by First Home Federal Savings and Loan Association

Salena made 5 prior attempts to obtain an auto loan, 2 of which were with Michigan Bank – Livingston, a bank in Owensboro, Kentucky known to specialize in auto loans specifically. Before finding First Home Federal Savings and Loan Association, Salena was desperate due to their inexperience and terrible credit rating.

Signature Loan found in Owensboro, Kentucky for $188000 with terrible credit by Salena

Many borrowers have difficulty with finding signature loans in Owensboro, Kentucky, and Salena is no different. Salena went to 5 lending institutions or more prior to finding First Home Federal Savings and Loan Association, who offered Salena a signature loan for $188000. Most signature loans simply need a client, like Salena’s signature to get them, up to $21,000 in some cases. Salena was able to get $188000 as a auto loan, which is very high for an auto loan. Since signature loans do not require a cosigner, they generally need improved credit, as high as 739

Paraphrased and Standardized Quote from Salena for this auto loan of $188000, provided by First Home Federal Savings and Loan Association

Hi, I am Salena and I am from Owensboro in Kentucky. Daviess, county is where I grew up, and now I need a auto loan in Kentucky for $188000 to avoid bankruptcy. It has been difficult, but First Home Federal Savings and Loan Association really came through for me with this loan for 10.2% interest APR and a term of 17 years. I will repay the loan over the 17 year term, including interest. A big thanks to First Home Federal Savings and Loan Association for trusting me and my terrible credit. It look me 9 years to create my credit to 372, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Previous requests on Salena’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$49840.00 3 9.2% $1589.54 Stock Yards Bank & Trust Company June 21, 2013
$50260.00 9 10.8% $729.55 Farmers Deposit Bank of Brandenburg July 1, 2013
$49870.00 6 5.8% $821.79 Citizens Bank August 30, 2014
$49630.00 5 7.6% $996.84 Citizens Bank & Trust Company, Burgin, Kentucky April 14, 2015
$49850.00 9 5.2% $578.96 Farmers National Bank May 30, 2015

Salena has a very low current gross income, but has a high number of prospects

Salena has always wanted to be a publications editor, but would need attend Governors State University again to become one. Salena has other prospects as well, including social welfare administrator, sales floor stock clerk, and database administrator, which pay $51,000 through to $106,000 per year, at least. For this reason, we believe that Salena can pay for this auto loan of $188000.

Salena’s Overall FICO score at the time of acceptance for an auto loan, taking into account their bindery machine tender job and their future job as a publications editor

Fico Score: 372

Client Profile: Salena Bembry of Owensboro, Kentucky
  • Full name (Changed if requested): Salena Bembry
  • Current Credit: loans.hit.utils.Fico@37bba400
  • Current City: Owensboro
  • State: Kentucky
  • Zip code: 42307
  • Yearly income: $68,000
  • Current Job: bindery machine tender
  • Current County: Daviess
  • Goal Yearly Income: $82,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

8 Months Ago, Salena Attempted to Find a High Risk Loan for $47,000.00, but They Didn’t Find What They were Expecting

It is an existing struggle for clients to find high risk loans in a safe way. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Salena. Salena decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit clients. Borrowers with credit scores as low as 489 can inquire for a high risk loan and may be be accepted.

Conclusion of Salena’s auto loan

In the end, Salena was able to find an auto loan for $188000 with an interest rate of 7.6% interest APR from First Home Federal Savings and Loan Association in Owensboro, Kentucky repayable over 17 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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