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Auto Loan With Very Low APR In New Castle County, Delaware

$168000 Auto Loan – Wilmington Delaware, Credit Rating Of 739

  • Experian: 753 – They had an excellent Experian rating
  • Transunion: 724 – Margot had an excellent credit rating with Transunion.
  • Equifax: Margot’s Experian score was 739, which is an excellent credit rating on the Experian scale.

Installment loan for Margot, a graduate of Saint Josephs College and a materials inspector working for over $63,000 per year

Margot, an alumnus at Saint Josephs College and a materials inspector in Wilmington, Delaware wants an auto loan to purchase a house. Margot has instead decided to get an installment loan for $12,000 and is at present seeking lenders like Wilmington Savings Fund Society, FSB to process their request.

9 Months Ago, Margot Attempted to Find a High Risk Loan for $22,000.00, and it was Hard

There is an well known struggle for clients to find high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Margot. Margot decided not to get a high risk loan this time. High Risk loans are given to very low credit clients. Borrowers with credit ratings as low as 495 can inquire for a high risk loan and may be be approved.

Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans vary from $22,000.00 to $56,000.00. They are normally used to pay off existing high interest loans like credit cards. Margot required a debt consolidation loan to pay for their existing auto loan and their credit card. Margot was able to find a auto loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which changes your less desirable, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 2.0%.

Margot was declined by J.P. Morgan Delaware 5 times prior to being approved by MidCoast Community Bank at 4900 Kirkwood Highway

On August 9, 2011, Margot inquired about borrowing $42,000 from Delaware Trust Company with Patricia, their friend from just outside Wilmington, and even with the co-signer, Margot was rejected for this auto loan. With excellent credit, it can be very hard to obtain financing, even with collateral and a co-signer.

Margot has a sad current total income, but has a high number of prospects

Margot has always wanted to be a fitness trainer, but would have to attend Saint Josephs College again to become one. Margot has other possibilities as well, including mining machine operator, educational administrator, and labor relations advisor, which pay $51,000 through to $107,000 per year, on average. Because of this, we think that Margot can pay for this auto loan of $168000.

Several other requests for credit have been made by Margot in the past, including one from Marathon State Bank in Wilmington, Delaware before Margot was accepted for the $168000 by MidCoast Community Bank

Margot made 5 prior attempts to obtain an auto loan, 2 of which were with Marathon State Bank, a lender in Wilmington, Delaware known to specialize in auto loans specifically. Prior to finding MidCoast Community Bank, Margot was desperate due to their inexperience and excellent credit score.

Client Profile: Margot Ahuna of Wilmington, Delaware
  • Full name (Changed if requested): Margot Ahuna
  • Current Credit: loans.hit.utils.Fico@26a1ab54
  • Current City: Wilmington
  • State: Delaware
  • Zip code: 19809
  • Yearly income: $67,000
  • Current Job: materials inspector
  • Current County: New Castle
  • Goal Yearly Income: $82,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Margot’s Transunion score was changed by the auto loan loan, changing to 724 from 739, which is typical in our experience.

Transunion Score: 724

Paraphrased and Standardized Quote from Margot for this auto loan of $168000, provided by MidCoast Community Bank

Hi, I am Margot and my hometown is Wilmington in Delaware. New Castle, county is where I grew up, and now I need a auto loan in Delaware for $168000 to buy a car. It has been difficult, but MidCoast Community Bank really came through for me with this loan for 10.5% interest APR and a term of 14 years. I will repay the loan over the 14 year term, including interest. A big thanks to MidCoast Community Bank for trusting me and my excellent credit. It look me 4 years to create my credit to 739, and I won’t harm it any more. I’m happy with Find Texas Loans for helping me this far.

Fast Loans for Margot in Wilmington, Delaware to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Wilmington, Delaware aren’t actually that difficult to obtain, particularly if you have some gumption like Margot. Margot was able to find a fast loan for $168000 from TD Bank, National Association and Commercial Trust Company, but turned down both offers in favor of their auto loan from MidCoast Community Bank. The improvement with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big improvement if a borrower is on the go.

Contact Details for MidCoast Community Bank, the provider of this auto loan

  • MidCoast Community Bank
  • City: Wilmington
  • State: Delaware
  • Address: 4900 Kirkwood Highway
  • County: New Castle
  • Zip code: 19808

Before applying for this auto loan, Margot had an Experian score of 753, which is excellent, so MidCoast Community Bank most likely cannot provide Margot an auto loan

Experian Score: 753

When Margot was 23, they tried to obtain a student loan from 4 alternate lenders, which damaged their credit rating. Below is a list of Margot’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on March 28, 2011
  • Attempt 2) Loan for $32,000.00 on January 11, 2011
  • Attempt 3) Loan for $22,000.00 on July 7, 2010
  • Attempt 4) Loan for $21,000.00 on August 12, 2010

Margot’s Overall FICO score at the time of acceptance for an auto loan, taking into account their materials inspector job and their future job as a fitness trainer

Fico Score: 739

Personal Loan for a materials inspector named Margot in Wilmington, Delaware to Pay Off Korean Air SkyBlue SKYPASS Visa Card

Margot had a tonne of credit card debt on their University of Pennsylvania and their Jackson Hewitt ipower Prepaid Visa Card, and they were starting to get in over their heads. Despite Margot’s job as a materials inspector, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Previous requests on Margot’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$58530.00 5 8.2% $1192.39 PNC Bank, Delaware March 8, 2012
$58840.00 3 5.6% $1779.38 The First National Bank of Frankford March 30, 2013
$58530.00 3 5.8% $1775.3 JCPenney National Bank May 29, 2014
$58740.00 6 6.2% $979.05 The First National Bank of Wyoming August 20, 2014
$59290.00 8 6.7% $799.52 The Clayton Bank and Trust Company October 25, 2014

Signature Loan easily acquired in Wilmington, Delaware for $168000 with excellent credit by Margot

Many prospective borrowers have difficulty with finding signature loans in Wilmington, Delaware, and Margot is no different. Margot went to 5 lending institutions or more prior to finding MidCoast Community Bank, who offered Margot a signature loan for $168000. Most signature loans simply need a client, like Margot’s signature to obtain them, up to $27,000 in some cases. Margot was able to get $168000 as a auto loan, which is very high for an auto loan. Because signature loans don’t require a cosigner, they generally need better credit, as high as 703

Conclusion of Margot’s auto loan

In the end, Margot was able to find an auto loan for $168000 with an interest rate of 7.8% interest APR from MidCoast Community Bank in Wilmington, Delaware repayable over 14 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.