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Auto Loan For $76000 Near 60431, Illinois With A Credit Score Of 636

$76000 Auto Loan – Joliet Illinois, Credit Score Of 636

  • Experian: 650 – The client had a good Experian score
  • Transunion: 622 – Lea had a good credit rating with Transunion.
  • Equifax: Lea’s Experian score was 636, which is a good credit score with the Experian system.

Several past requests for credit have been made by Lea in the past, including one from Norwest Bank Arizona, National Association in Joliet, Illinois before Lea was approved for the $76000 by National Bank of Joliet

Lea made 5 prior attempts to obtain an auto loan, 2 of which were with Norwest Bank Arizona, National Association, a lender in Joliet, Illinois known to specialize in auto loans specifically. Before finding National Bank of Joliet, Lea was very concerned due to their inexperience and good credit score.

Paraphrased and Standardized Quote from Lea for this auto loan of $76000, provided by National Bank of Joliet

Hello, I am Lea and I’m from Joliet in Illinois. Will, county is where I grew up, and now I need a auto loan in Illinois for $76000 to pay bills. It wasn’t easy, but National Bank of Joliet really came through for me with this loan for 11.6% interest APR and a term of 20 years. I can probably repay the loan over the 20 year term, including interest. A big thanks to National Bank of Joliet for giving me a chance and my good credit. It look me 5 years to build my credit to 636, and I won’t harm it any more. I am pleased with Find Texas Loans for assisting me this far.

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

  • National Bank of Joliet
  • City: Joliet
  • State: Illinois
  • Address: 121 North Chicago Street
  • County: Will
  • Zip code: 60431

When Lea was 21, they tried to obtain a student loan from 7 alternate lenders, which harmed their credit score. Below is a chronology of Lea’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $37,000.00 on September 20, 2011
  • Attempt 2) Loan for $33,000.00 on February 14, 2012
  • Attempt 3) Loan for $21,000.00 on September 18, 2013
  • Attempt 4) Loan for $28,000.00 on January 4, 2011
  • Attempt 5) Loan for $28,000.00 on January 9, 2009
  • Attempt 6) Loan for $22,000.00 on November 30, 2013
  • Attempt 7) Loan for $27,000.00 on June 30, 2009

Before applying for this auto loan, Lea had an Experian score of 650, which is good, so National Bank of Joliet likely cannot provide Lea an auto loan

Experian Score: 650

Lea was not approved by Amalgamated Bank of Chicago 5 times prior to being granted funding by National Bank of Joliet at 121 North Chicago Street

On July 26, 2011, Lea applied about borrowing $5,000 from Central National Bank of Mattoon with Sophie, their friend from just outside Joliet, and even with the co-signer, Lea was rejected for this auto loan. With good credit, it can be difficult to obtain funding, even with collateral and a co-signer.

Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans vary from $26,000.00 to $41,000.00. They are typically used to pay off existing high interest loans like credit cards. Lea required a debt consolidation loan to pay for their existing auto loan and their credit card. Lea 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 bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.1%.

Fast Loans for Lea in Joliet, Illinois to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Joliet, Illinois aren’t actually that difficult to obtain, especially if you have some finesse like Lea. Lea was able to find a fast loan for $76000 from The Belvidere National Bank and Trust Company and The Gerber State Bank, but turned down both offers in favor of their auto loan from National Bank of Joliet. 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 7 weeks for installment loans. An improvement if a client is on the go.

Client Profile: Lea Girardi of Joliet, Illinois
  • Full name (Changed if requested): Lea Girardi
  • Current Credit: loans.hit.utils.Fico@7daf6ecc
  • Current City: Joliet
  • State: Illinois
  • Zip code: 60433
  • Yearly income: $59,000
  • Current Job: orthodontic laboratory technician
  • Current County: Will
  • Goal Yearly Income: $111,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Previous requests on Lea’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$125550.00 6 8.4% $2225.9 The Gerber State Bank November 27, 2012
$125650.00 3 8.8% $3983.95 The Belvidere National Bank and Trust Company June 1, 2013
$126210.00 7 10.7% $2141.17 Commerce Bank January 20, 2015
$126310.00 8 8.4% $1811.39 Byron Bank July 4, 2015
$125760.00 8 6.3% $1671.1 Amalgamated Bank of Chicago July 14, 2015

Signature Loan acquired in Joliet, Illinois for $76000 with good credit by Lea

Most clients struggle with obtaining signature loans in Joliet, Illinois, and Lea is not an exception. Lea went to 6 lending institutions or more before settling on National Bank of Joliet, who offered Lea a signature loan for $76000. Typical signature loans simply require a client, like Lea’s signature to get them, up to $38,000 in some cases. Lea was able to get $76000 as a auto loan, which is very high for an auto loan. Because signature loans do not require collateral, they generally need improved credit, as high as 779

Lea’s Overall FICO score at the time of acceptance for an auto loan, taking into account their orthodontic laboratory technician job and their future job as a scientific photographer

Fico Score: 636

Lea’s Transunion score was changed by the auto loan loan, changing to 622 from 636, which is typical in our experience.

Transunion Score: 622

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

Lea has always wanted to be a scientific photographer, but would need attend Mohawk Valley Community College again to achieve it. Lea has other possibilities as well, including athletes’ business manager, mental health counselor, and computer software technician, which pay $58,000 through to $94,000 per year, on average. Because of this, we believe that Lea can pay for this auto loan of $76000.

9 Months in the Past, Lea Attempted Finding a High Risk Loan for $34,000.00, and it was Hard

There is an ongoing struggle for clients to get high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Lea. Lea chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit clients. Borrowers with credit ratings as low as 542 can inquire for a high risk loan and may be be approved.

Personal Loan for an orthodontic laboratory technician named Lea in Joliet, Illinois to Pay Off Commerce Bank Special Connections MasterCard with Rewards

Lea had a tonne of credit card debt on their Synovus Purchase Perks Visa Platinum Credit Card and their First National Bank Omaha Visa Signature with Maximum Rewards Card, and they were starting to get in over their heads. Despite Lea’s job as an orthodontic laboratory technician, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Installment loan for Lea, a graduate of Mohawk Valley Community College and an orthodontic laboratory technician working for over $72,000 per year

Lea, an alumnus at Mohawk Valley Community College and an orthodontic laboratory technician in Joliet, Illinois needs an auto loan to purchase a house. Lea has instead chosen to get an installment loan for $13,000 and is currently seeking lenders like Amalgamated Bank of Chicago to provide it.

Conclusion of Lea’s auto loan

In the end, Lea was able to find an auto loan for $76000 with an interest rate of 6.7% interest APR from National Bank of Joliet in Joliet, Illinois repayable over 20 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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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.