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Auto Loan Of $116000 For Terrible Credit Texas Resident

$116000 Auto Loan – Amarillo Texas, Credit Score Of 382

  • Experian: 393 – They had a terrible Experian score
  • Transunion: 363 – Danyell had a terrible credit score with Transunion.
  • Equifax: Danyell’s Experian score was 382, which is a terrible credit score using the Experian rating scheme.

Installment loan for Danyell, a graduate of Dorsey School of Beauty and a real estate appraiser working for over $62,000 per year

Danyell, an alumnus at Dorsey School of Beauty and a real estate appraiser in Amarillo, Texas wants an auto loan to purchase a new cell phone. Danyell has instead chosen to get an installment loan for $3,000 and is at present seeking lenders like Guaranty Bank & Trust Company to process their request.

When Danyell was 22, they attempted to obtain a student loan from 6 different banks, which damaged their credit score. Below is a list of Danyell’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $22,000.00 on July 22, 2009
  • Attempt 2) Loan for $34,000.00 on February 24, 2012
  • Attempt 3) Loan for $37,000.00 on November 11, 2012
  • Attempt 4) Loan for $23,000.00 on January 2, 2013
  • Attempt 5) Loan for $32,000.00 on June 18, 2012
  • Attempt 6) Loan for $24,000.00 on July 20, 2012
Client Profile: Danyell Matrey of Amarillo, Texas
  • Full name (Changed if requested): Danyell Matrey
  • Current Credit: loans.hit.utils.Fico@728938a9
  • Current City: Amarillo
  • State: Texas
  • Zip code: 79106
  • Yearly income: $63,000
  • Current Job: real estate appraiser
  • Current County: Potter
  • Goal Yearly Income: $132,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

8 Months in the Past, Danyell Tried Finding a High Risk Loan for $28,000.00, but They Didn’t Find What They were Expecting

There is an well known struggle for borrowers to find 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 Danyell. Danyell decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit borrowers. Clients with credit scores as low as 447 can apply for a high risk loan and possibly can be approved.

Danyell was declined by Guaranty Bank & Trust, N.A. 6 times before being accepted by Imperial Savings Association at 415 W Eighth

On January 13, 2013, Danyell applied about borrowing $14,000 from Vista Bank with Page, their friend from just outside Amarillo, and even with the co-signer, Danyell was rejected for this auto loan. With terrible credit, it can be difficult to obtain financing, even with collateral and a co-signer.

Several past requests for credit have been made by Danyell in the past, including one from First Oklahoma Bank and Trust Company of Edmond in Amarillo, Texas before Danyell was approved for the $116000 by Imperial Savings Association

Danyell made 5 prior attempts to obtain an auto loan, 2 of which were with First Oklahoma Bank and Trust Company of Edmond, a lending institution in Amarillo, Texas known to specialize in auto loans specifically. Prior to finding Imperial Savings Association, Danyell was very concerned due to their inexperience and terrible credit score.

Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans vary from $27,000.00 to $58,000.00. They are typically used to pay off existing high interest loans like credit cards. Danyell needed a debt consolidation loan to pay for their existing auto loan and their credit card. Danyell 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 a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 4.7%.

Danyell has a disappointing current gross income, but has a high number of prospects

Danyell has always wanted to be an atm machine servicer, but would have to attend Dorsey School of Beauty again to become one. Danyell has other possibilities as well, including chaplain, crane operator, and industrial waste inspector, which pay $55,000 through to $107,000 per year, on average. For this reason, we think that Danyell can afford this auto loan of $116000.

Danyell’s Transunion score was changed by the auto loan loan, changing to 363 from 382, which is typical in our experience.

Transunion Score: 363

Before applying for this auto loan, Danyell had an Experian score of 393, which is terrible, so Imperial Savings Association most likely cannot provide Danyell an auto loan

Experian Score: 393

Contact Details for Imperial Savings Association, the provider of this auto loan

  • Imperial Savings Association
  • City: Amarillo
  • State: Texas
  • Address: 415 W Eighth
  • County: Potter
  • Zip code: 79105

Danyell’s Overall FICO score at the time of acceptance for an auto loan, taking into account their real estate appraiser job and their future job as an atm machine servicer

Fico Score: 382

Fast Loans for Danyell in Amarillo, Texas to prevent bankruptcy or harm from debt collectors.

Fast loans in Amarillo, Texas aren’t actually that difficult to obtain, particularly if you have some finesse like Danyell. Danyell was able to find a fast loan for $116000 from Eden State Bank and Farmers State Bank of Shiro, Texas, but turned down both offers in favor of their auto loan from Imperial Savings Association. The difference with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. An improvement in the case that you are on the go.

Personal Loan for a real estate appraiser named Danyell in Amarillo, Texas to Pay Off Popular Community Bank Secured Classic MasterCard

Danyell had a tonne of credit card debt on their Vision Premier Visa Prepaid Card and their Princess Cruises Rewards Visa Card, and they were starting to get in over their heads. Despite Danyell’s job as a real estate appraiser, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Signature Loan found in Amarillo, Texas for $116000 with terrible credit by Danyell

A lot of clients have difficulty with obtaining signature loans in Amarillo, Texas, and Danyell is the same. Danyell went to 5 lending institutions or more before finding Imperial Savings Association, who offered Danyell a signature loan for $116000. Most signature loans simply require a client, like Danyell’s signature to get them, up to $28,000 in some cases. Danyell was able to get $116000 as a auto loan, which is very high for an auto loan. Because signature loans do not require a cosigner, these loans tend to require improved credit, as high as 743

Paraphrased and Standardized Quote from Danyell for this auto loan of $116000, provided by Imperial Savings Association

Hello, I am Danyell and my hometown is Amarillo in Texas. Potter, county is where I grew up, and now I need a auto loan in Texas for $116000 to buy a car. It has been difficult, but Imperial Savings Association really came through for me with this loan for 8.6% interest APR and a term of 19 years. I will repay the loan over the 19 year term, including interest. A big thanks to Imperial Savings Association for trusting me and my terrible credit. It look me 9 years to create my credit to 382, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Previous requests on Danyell’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$146320.00 8 7.7% $2046.24 Comerica Bank March 1, 2010
$146360.00 10 8.3% $1799.04 First Star Bank, S.S.B. November 20, 2011
$145820.00 3 6.1% $4442.74 Brownfield State Bank & Trust Co. May 31, 2012
$146260.00 8 11.6% $2345.11 First Bank & Trust, Bryan, Texas March 13, 2013
$146410.00 4 6.5% $3472.11 First Bank & Trust of Clarendon February 2, 2014

Conclusion of Danyell’s auto loan

In the end, Danyell was able to find an auto loan for $116000 with an interest rate of 11.1% interest APR from Imperial Savings Association in Amarillo, Texas repayable over 19 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.