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Auto Loan With Low APR In Tarrant County, Texas

$126000 Auto Loan – Grand Prairie Texas, Credit Rating Of 454

  • Experian: 470 – This client had a bad Experian rating
  • Transunion: 438 – Jamal had a bad credit score with Transunion.
  • Equifax: Jamal’s Experian score was 454, which is a bad credit rating using the Experian rating scheme.

Contact Details for Texas American Bank/Greater Southwest, the provider of this auto loan

  • Texas American Bank/Greater Southwest
  • City: Grand Prairie
  • State: Texas
  • Address: 2322 North Highway 360
  • County: Tarrant
  • Zip code: 75051

Signature Loan found in Grand Prairie, Texas for $126000 with bad credit by Jamal

A lot of prospective borrowers have difficulty with finding signature loans in Grand Prairie, Texas, and Jamal is no different. Jamal went to 4 lenders or more before settling on Texas American Bank/Greater Southwest, who offered Jamal a signature loan for $126000. Typical signature loans simply need a client, like Jamal’s signature to get them, up to $30,000 in some cases. Jamal was able to get $126000 as a auto loan, which is very high for an auto loan. Since signature loans don’t need a cosigner, they generally require improved credit, as high as 757

Client Profile: Jamal Orn of Grand Prairie, Texas
  • Full name (Changed if requested): Jamal Orn
  • Current Credit: loans.hit.utils.Fico@3d494fbf
  • Current City: Grand Prairie
  • State: Texas
  • Zip code: 75059
  • Yearly income: $51,000
  • Current Job: atmospheric and space scientist
  • Current County: Tarrant
  • Goal Yearly Income: $123,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Fast Loans for Jamal in Grand Prairie, Texas to prevent bankruptcy or harm from debt collectors.

Fast loans in Grand Prairie, Texas aren’t actually that difficult to obtain, particularly if you have some gumption like Jamal. Jamal was able to find a fast loan for $126000 from The Bank and Trust, S.S.B. and Farmers State Bank of Madisonville, Texas, but turned down both offers in favor of their auto loan from Texas American Bank/Greater Southwest. The difference with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. An improvement in the case that you are in a time sensitive situation.

Jamal has a low current gross income, but has a large amount of prospects

Jamal has always wanted to be a reliability engineer, but would have to attend Eastern University again to achieve it. Jamal has other prospects as well, including logging worker supervisor, environmental disease analyst, and mail clerk, which pay $52,000 through to $106,000 per year, on average. Because of this, we think that Jamal can afford this auto loan of $126000.

Jamal’s Overall FICO score at the time of acceptance for an auto loan, taking into account their atmospheric and space scientist job and their future job as a reliability engineer

Fico Score: 454

Jamal was rejected by Brownfield State Bank & Trust Co. 4 times before being approved by Texas American Bank/Greater Southwest at 2322 North Highway 360

On November 25, 2008, Jamal applied about borrowing $18,000 from MBank Greenville, National Association with Jamel, their in law from just outside Grand Prairie, and even with the co-signer, Jamal was rejected for this auto loan. With bad credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

Previous requests on Jamal’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$76890.00 9 9.1% $1045.39 Comerica Bank April 24, 2010
$76900.00 9 10.6% $1107.79 First Star Bank, S.S.B. December 11, 2011
$77170.00 5 7.5% $1546.33 Brownfield State Bank & Trust Co. May 14, 2014
$77420.00 6 6.8% $1312.51 First Bank & Trust, Bryan, Texas March 25, 2015

Before applying for this auto loan, Jamal had an Experian score of 470, which is bad, so Texas American Bank/Greater Southwest likely cannot provide Jamal an auto loan

Experian Score: 470

Several past requests for credit have been made by Jamal in the past, including one from First Chatham Bank in Grand Prairie, Texas before Jamal was approved for the $126000 by Texas American Bank/Greater Southwest

Jamal made 9 previous attempts to obtain an auto loan, 2 of which were with First Chatham Bank, a bank in Grand Prairie, Texas known to specialize in auto loans specifically. Prior to finding Texas American Bank/Greater Southwest, Jamal was desperate due to their inexperience and bad credit score.

Paraphrased and Standardized Quote from Jamal for this auto loan of $126000, provided by Texas American Bank/Greater Southwest

Hi, I am Jamal and my hometown is Grand Prairie in Texas. Tarrant, county is where I grew up, and now I need a auto loan in Texas for $126000 to pay bills. It has been difficult, but Texas American Bank/Greater Southwest really came through for me with this loan for 7.5% interest APR and a term of 22 years. I can repay the loan over the 22 year term, including interest. A big thanks to Texas American Bank/Greater Southwest for giving me a chance and my bad credit. It look me 5 years to create my credit to 454, and I won’t harm it any more. I’m pleased with Find Texas Loans for helping me this far.

Personal Loan for an atmospheric and space scientist named Jamal in Grand Prairie, Texas to Pay Off Fraternal Order of Police Grand Lodge Platinum Plus MasterCard with WorldPoints Rewards

Jamal had a tonne of credit card debt on their PNC Travel Rewards Visa Business Credit Card and their Taleris Credit Union Visa Signature Card, and they were starting to get in over their heads. Despite Jamal’s job as an atmospheric and space scientist, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Installment loan for Jamal, a graduate of Eastern University and an atmospheric and space scientist working for over $61,000 per year

Jamal, an alumnus at Eastern University and an atmospheric and space scientist in Grand Prairie, Texas needs an auto loan to purchase a car. Jamal has instead decided to get an installment loan for $7,000 and is currently seeking lenders like First RepublicBank Forney to process their request.

When Jamal was 18, they attempted to obtain a student loan from 7 alternate lenders, which harmed their credit score. Below is a chronology of Jamal’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $30,000.00 on April 2, 2010
  • Attempt 2) Loan for $24,000.00 on February 9, 2011
  • Attempt 3) Loan for $32,000.00 on January 24, 2013
  • Attempt 4) Loan for $22,000.00 on February 18, 2013
  • Attempt 5) Loan for $29,000.00 on July 16, 2010
  • Attempt 6) Loan for $23,000.00 on January 14, 2012
  • Attempt 7) Loan for $34,000.00 on November 24, 2013

Jamal’s Transunion score was altered by the auto loan loan, changing to 438 from 454, which is typical in our experience.

Transunion Score: 438

7 Months in the Past, Jamal Attempted Finding a High Risk Loan for $47,000.00, but They Didn’t Find What They were Expecting

There is an well known struggle for clients to get high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Jamal. Jamal decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit clients. Clients with credit scores as low as 381 can apply for a high risk loan and have a chance to be approved.

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

Normal debt consolidation loans vary from $33,000.00 to $44,000.00. They are typically used to pay off existing high interest loans like credit cards. Jamal needed a debt consolidation loan to pay for their existing auto loan and their payday loan. Jamal 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 one lower interest loan. Debt consolidation loans usually have interest rates as low as 3.0%.

Conclusion of Jamal’s auto loan

In the end, Jamal was able to find an auto loan for $126000 with an interest rate of 5.6% interest APR from Texas American Bank/Greater Southwest in Grand Prairie, Texas repayable over 22 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.