Do you have over $10,000 in Debt? Get Help now.

Auto Loan For $8000 Near 95123, California With A Credit Score Of 622

$8000 Auto Loan – San Jose California, Credit Rating Of 622

  • Experian: 634 – The client had a good Experian score
  • Transunion: 603 – Rosemarie had a good credit rating with Transunion.
  • Equifax: Rosemarie’s Experian score was 622, which is a good credit score with the Experian rating scheme.

Before applying for this auto loan, Rosemarie had an Experian score of 634, which is good, so Cabrillo Savings Bank likely cannot provide Rosemarie an auto loan

Experian Score: 634

7 Months in the Past, Rosemarie Tried to Find a High Risk Loan for $40,000.00, but They Didn’t Find What They were Expecting

There is an existing struggle for clients to find high risk loans in a safe way. Many high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Rosemarie. Rosemarie decided not to obtain a high risk loan this time. High Risk loans are given to terrible credit borrowers. Borrowers with credit scores as low as 462 can apply for a high risk loan and possibly can be approved.

Signature Loan acquired in San Jose, California for $8000 with good credit by Rosemarie

Most clients struggle with obtaining signature loans in San Jose, California, and Rosemarie is not an exception. Rosemarie went to 8 lending institutions or more before settling on Cabrillo Savings Bank, who offered Rosemarie a signature loan for $8000. Typical signature loans simply require a client, like Rosemarie’s signature to get them, up to $21,000 in some cases. Rosemarie was able to get $8000 as a auto loan, which is very high for an auto loan. Since signature loans do not require collateral, they tend to need higher credit, as high as 725

Several other requests for credit have been made by Rosemarie in the past, including one from George Washington Federal Savings Association in San Jose, California before Rosemarie was approved for the $8000 by Cabrillo Savings Bank

Rosemarie made 4 prior attempts to obtain an auto loan, 2 of which were with George Washington Federal Savings Association, a lending institution in San Jose, California known to specialize in auto loans specifically. Before finding Cabrillo Savings Bank, Rosemarie was very concerned due to their inexperience and good credit score.

Previous requests on Rosemarie’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$39130.00 8 10.8% $610.46 Santa Monica Bank February 15, 2012
$39110.00 6 8.8% $701.1 Farmers and Merchants Bank of Long Beach February 22, 2012
$39130.00 11 11.3% $519.12 First Interstate Bank of California January 19, 2014
$39130.00 3 5.2% $1176.28 Union Bank August 26, 2014

Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans vary from $32,000.00 to $42,000.00. They are typically used to pay off existing high interest loans like credit cards. Rosemarie required a debt consolidation loan to pay for their existing auto loan and their loan shark loan. Rosemarie was able to find a auto loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which transfers your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 4.4%.

Rosemarie was not approved by Bank of Stockton 6 times prior to being accepted by Cabrillo Savings Bank at 6199 Santa Teresa Boulevard

On April 14, 2009, Rosemarie applied about borrowing $6,000 from Southern California First National Bank with Neil, their in law from just outside San Jose, and even with the co-signer, Rosemarie was rejected for this auto loan. With good credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

Fast Loans for Rosemarie in San Jose, California to prevent bankruptcy or broken legs from debt collectors.

Fast loans in San Jose, California aren’t actually that difficult to obtain, especially if you have some finesse like Rosemarie. Rosemarie was able to find a fast loan for $8000 from Santa Monica Bank and Mechanics Bank, but declined both offers in favor of their auto loan from Cabrillo Savings Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. Much better if a borrower is on the go.

Rosemarie’s Overall FICO score at the time of acceptance for an auto loan, taking into account their medical secretary job and their future career as a computer systems engineer

Fico Score: 622

Rosemarie has a low current yearly income, but has a high number of prospects

Rosemarie has always wanted to be a computer systems engineer, but would have to attend Educational and Cultural Interactions again to achieve it. Rosemarie has other possibilities as well, including lathe operator, residence counselor, and audio-visual collections specialist, which pay $55,000 through to $97,000 per year, at least. For this reason, we believe that Rosemarie can pay for this auto loan of $8000.

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

  • Attempt 1) Loan for $31,000.00 on May 24, 2013
  • Attempt 2) Loan for $26,000.00 on November 3, 2008
  • Attempt 3) Loan for $20,000.00 on February 16, 2011
  • Attempt 4) Loan for $39,000.00 on January 3, 2010
  • Attempt 5) Loan for $21,000.00 on December 15, 2013

Rosemarie’s Transunion score was changed by the auto loan loan, changing to 603 from 622, which is typical in our experience.

Transunion Score: 603

Client Profile: Rosemarie Conradt of San Jose, California
  • Full name (Changed if requested): Rosemarie Conradt
  • Current Credit: loans.hit.utils.Fico@6576fe71
  • Current City: San Jose
  • State: California
  • Zip code: 95129
  • Yearly income: $50,000
  • Current Job: medical secretary
  • Current County: Santa Clara
  • Goal Yearly Income: $121,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Installment loan for Rosemarie, a graduate of Educational and Cultural Interactions and a medical secretary working for over $64,000 per year

Rosemarie, an alumnus at Educational and Cultural Interactions and a medical secretary in San Jose, California needs an auto loan to purchase a new cell phone. Rosemarie has instead decided to get an installment loan for $23,000 and is currently seeking lenders like The First National Bank of Orange County to provide it.

Paraphrased and Standardized Quote from Rosemarie for this auto loan of $8000, provided by Cabrillo Savings Bank

Hello, I am Rosemarie and I’m from San Jose in California. Santa Clara, county is where I grew up, and now I need a auto loan in California for $8000 to buy a car. It wasn’t easy, but Cabrillo Savings Bank really came through for me with this loan for 7.7% interest APR and a term of 16 years. I will repay the loan over the 16 year term, including interest. A big thanks to Cabrillo Savings Bank for giving me a chance and my good credit. It look me 6 years to build my credit to 622, and I won’t harm it any future. I am pleased with Find Texas Loans for helping me this far.

Personal Loan for a medical secretary named Rosemarie in San Jose, California to Pay Off MCU Secured Visa

Rosemarie had a lot of credit card debt on their US Bank Young Adult Visa Card and their House Rabbit Society Visa Platinum Rewards Card, and they were starting to get in over their heads. Despite Rosemarie’s job as a medical secretary, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Contact Details for Cabrillo Savings Bank, the provider of this auto loan

  • Cabrillo Savings Bank
  • City: San Jose
  • State: California
  • Address: 6199 Santa Teresa Boulevard
  • County: Santa Clara
  • Zip code: 95123

Conclusion of Rosemarie’s auto loan

In the end, Rosemarie was able to find an auto loan for $8000 with an interest rate of 7.6% interest APR from Cabrillo Savings Bank in San Jose, California repayable over 16 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

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.