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Auto Loan For $78000 Near 47454, Indiana With A Credit Score Of 476

$78000 Auto Loan – Paoli Indiana, Credit Rating Of 476

  • Experian: 486 – They had a bad Experian rating
  • Transunion: 460 – Gerard had a bad credit score with Transunion.
  • Equifax: Gerard’s Experian score was 476, which is a bad credit score using the Experian system.
Client Profile: Gerard Mccargo of Paoli, Indiana
  • Full name (Changed if requested): Gerard Mccargo
  • Current Credit: loans.hit.utils.Fico@7daf6ecc
  • Current City: Paoli
  • State: Indiana
  • Zip code: 47459
  • Yearly income: $54,000
  • Current Job: truck driver
  • Current County: Orange
  • Goal Yearly Income: $138,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Gerard’s Transunion score was altered by the auto loan loan, changing to 460 from 476, which is typical in our experience.

Transunion Score: 460

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

  • First National Bank of Paoli
  • City: Paoli
  • State: Indiana
  • Address: 215 West Main Street
  • County: Orange
  • Zip code: 47454

Installment loan for Gerard, a graduate of Virginia Department of Health and a truck driver working for over $73,000 per year

Gerard, an alumnus at Virginia Department of Health and a truck driver in Paoli, Indiana wants an auto loan to purchase a new cell phone. Gerard has instead chosen to get an installment loan for $28,000 and is currently seeking lenders like State Bank of Greentown to process their request.

Fast Loans for Gerard in Paoli, Indiana to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Paoli, Indiana aren’t actually that difficult to obtain, especially if you have some gumption like Gerard. Gerard was able to find a fast loan for $78000 from Alexandria Banking Company and The Citizens Exchange Bank, but turned down both offers in favor of their auto loan from First National Bank of Paoli. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. Much better in the case that a client is in a pinch.

Previous requests on Gerard’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$139660.00 7 8.7% $2225.8 The Citizens Exchange Bank January 14, 2011
$140460.00 4 5.6% $3273.01 Alliance Bank January 29, 2012
$140230.00 9 8.5% $1862.16 Farmers State Bank September 11, 2012
$140270.00 6 5.4% $2285.16 First United Bank, National Association March 16, 2013

Signature Loan acquired in Paoli, Indiana for $78000 with bad credit by Gerard

Many borrowers have difficulty with finding signature loans in Paoli, Indiana, and Gerard is no exception. Gerard went to 7 lenders or more prior to settling on First National Bank of Paoli, who offered Gerard a signature loan for $78000. Typical signature loans simply require a client, like Gerard’s signature to obtain them, up to $21,000 in some cases. Gerard was able to get $78000 as a auto loan, which is very high for an auto loan. Since signature loans do not require collateral, they tend to require improved credit, as high as 759

Gerard was declined by Farmers Loan and Trust Company 6 times before being approved by First National Bank of Paoli at 215 West Main Street

On January 13, 2010, Gerard applied about borrowing $17,000 from Norwest Bank Monticello with Celine, their in law from just outside Paoli, and even with the co-signer, Gerard was rejected for this auto loan. With bad credit, it can be a challenge to procure financing, even with collateral and a co-signer.

Paraphrased and Standardized Quote from Gerard for this auto loan of $78000, provided by First National Bank of Paoli

Hi, I am Gerard and I’m from Paoli in Indiana. Orange, county is where I grew up, and now I need a auto loan in Indiana for $78000 to renovate my home. It has been difficult, but First National Bank of Paoli really came through for me with this loan for 10.3% interest APR and a term of 12 years. I can probably repay the loan over the 12 year term, including interest. A big thanks to First National Bank of Paoli for trusting me and my bad credit. It look me 9 years to build my credit to 476, and I won’t harm it any future. I am pleased with Find Texas Loans for assisting me this far.

Gerard has a sad current gross income, but has a high number of prospects

Gerard has always wanted to be an alumni relations coordinator, but would have to attend Virginia Department of Health again to achieve it. Gerard has other possibilities as well, including cook, sales representatives, and executive secretary, which pay $55,000 through to $90,000 per year, on average. Because of this, we believe that Gerard can pay for this auto loan of $78000.

When Gerard was 24, they tried to obtain a student loan from 5 alternate lenders, which harmed their credit score. Below is a list of Gerard’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on August 31, 2011
  • Attempt 2) Loan for $28,000.00 on July 4, 2009
  • Attempt 3) Loan for $27,000.00 on November 6, 2009
  • Attempt 4) Loan for $32,000.00 on May 21, 2012
  • Attempt 5) Loan for $35,000.00 on November 1, 2010

Personal Loan for a truck driver named Gerard in Paoli, Indiana to Pay Off AARP Rewards Visa Card

Gerard had a tonne of credit card debt on their Winston-Salem State University National Alumni Association Rewards Visa Credit Card and their AmTrust Bank Maximum Rewards Visa Card, and they were starting to get in over their heads. Despite Gerard’s job as a truck driver, they struggled to make payments on the $29,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Before applying for this auto loan, Gerard had an Experian score of 486, which is bad, so First National Bank of Paoli probably cannot provide Gerard an auto loan

Experian Score: 486

7 Months Ago, Gerard Tried Finding a High Risk Loan for $26,000.00, but They Didn’t Find What They were Expecting

It is an existing struggle for borrowers to get high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Gerard. Gerard decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit borrowers. Borrowers with credit scores as low as 480 can apply for a high risk loan and have a chance to be approved.

Gerard’s Overall FICO score at the time of acceptance for an auto loan, taking into account their truck driver job and their future job as an alumni relations coordinator

Fico Score: 476

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

Average debt consolidation loans range from $25,000.00 to $50,000.00. They are mainly used to pay off existing high interest loans like credit cards. Gerard needed a debt consolidation loan to pay for their existing auto loan and their loan shark loan. Gerard was able to find a auto loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which converts your dirty, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 2.5%.

Several other requests for credit have been made by Gerard in the past, including one from Community Bank of Parkersburg in Paoli, Indiana before Gerard was approved for the $78000 by First National Bank of Paoli

Gerard made 9 previous attempts to obtain an auto loan, 2 of which were with Community Bank of Parkersburg, a bank in Paoli, Indiana known to specialize in auto loans specifically. Prior to finding First National Bank of Paoli, Gerard was very concerned due to their inexperience and bad credit rating.

Conclusion of Gerard’s auto loan

In the end, Gerard was able to find an auto loan for $78000 with an interest rate of 5.4% interest APR from First National Bank of Paoli in Paoli, Indiana repayable over 12 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.