$114000 Auto Loan – Maysville Kentucky, Credit Score Of 538
- Experian: 552 – This individual had a fair Experian score
- Transunion: 526 – Cuc had a fair credit rating with Transunion.
- Equifax: Cuc’s Experian score was 538, which is a fair credit rating on the Experian scale.
Paraphrased and Standardized Quote from Cuc for this auto loan of $114000, provided by Community First Bank
Hello, I am Cuc and I am from Maysville in Kentucky. Mason, county is where I grew up, and now I need a auto loan in Kentucky for $114000 to avoid bankruptcy. It wasn’t easy, but Community First Bank really came through for me with this loan for 8.5% interest APR and a term of 14 years. I will repay the loan over the 14 year term, including interest. A big thanks to Community First Bank for giving me a chance and my fair credit. It look me 9 years to create my credit to 538, and I won’t tarnish it any future. I’m happy with Find Texas Loans for assisting me this far.
Cuc was declined by Farmers Deposit Bank of Brandenburg 5 times before being accepted by Community First Bank at 1201 U.S. 68
On March 8, 2009, Cuc inquired about borrowing $43,000 from Simpson County Bank with Janeth, their friend from just outside Maysville, and even with the co-signer, Cuc was rejected for this auto loan. With fair credit, it can be challenging to obtain financing, even with collateral and a co-signer.
Before applying for this auto loan, Cuc had an Experian score of 552, which is fair, so Community First Bank probably cannot provide Cuc an auto loan
When Cuc was 21, they attempted to obtain a student loan from 6 alternate banks, which damaged their credit score. Below is a chronology of Cuc’s previous attempts at finding a student loan:
- Attempt 1) Loan for $35,000.00 on June 3, 2010
- Attempt 2) Loan for $20,000.00 on January 20, 2013
- Attempt 3) Loan for $25,000.00 on November 3, 2011
- Attempt 4) Loan for $34,000.00 on September 7, 2011
- Attempt 5) Loan for $25,000.00 on September 28, 2012
- Attempt 6) Loan for $30,000.00 on October 10, 2012
Previous requests on Cuc’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$42220.00||5||6.1%||$818.2||Stock Yards Bank & Trust Company||March 23, 2012|
|$42230.00||3||10.3%||$1368.6||Farmers Deposit Bank of Brandenburg||July 20, 2014|
|$42360.00||9||8.2%||$555.87||Citizens Bank||March 30, 2015|
|$41760.00||9||11.5%||$622.38||Citizens Bank & Trust Company, Burgin, Kentucky||May 19, 2015|
Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Average debt consolidation loans range from $22,000.00 to $44,000.00. They are normally used to pay off existing high interest loans like credit cards. Cuc required a debt consolidation loan to pay for their existing auto loan and their payday loan. Cuc was able to find a auto loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which converts your bad, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.4%.
Contact Details for Community First Bank, the provider of this auto loan
- Community First Bank
- City: Maysville
- State: Kentucky
- Address: 1201 U.S. 68
- County: Mason
- Zip code: 41056
Cuc has a very low current gross income, but has a high number of prospects
Cuc has always wanted to be a labor relations advisor, but would need attend National Louis University again to become one. Cuc has other possibilities as well, including loan counselor, soil engineer, and casino manager, which pay $54,000 through to $92,000 per year, on average. For this reason, we believe that Cuc can afford this auto loan of $114000.
Cuc’s Transunion score was changed by the auto loan loan, changing to 526 from 538, which is typical in our experience.
Installment loan for Cuc, a graduate of National Louis University and a psychology professor working for over $70,000 per year
Cuc, an alumnus at National Louis University and a psychology professor in Maysville, Kentucky needs an auto loan to purchase a new cell phone. Cuc has instead chosen to get an installment loan for $25,000 and is currently seeking lenders like Citizens Deposit Bank to process their request.
- Full name (Changed if requested): Cuc Nivar
- Current Credit: loans.hit.utils.Fico@4fca772d
- Current City: Maysville
- State: Kentucky
- Zip code: 41064
- Yearly income: $65,000
- Current Job: psychology professor
- Current County: Mason
- Goal Yearly Income: $111,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000
Personal Loan for a psychology professor named Cuc in Maysville, Kentucky to Pay Off BankFIRST College Rewards Visa Card
Cuc had a lot of credit card debt on their Target Visa RedCard and their University of Utah Alumni Association Platinum Plus MasterCard with WorldPoints Rewards, and they were starting to get in over their heads. Despite Cuc’s job as a psychology professor, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Fast Loans for Cuc in Maysville, Kentucky to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Maysville, Kentucky aren’t actually that difficult to obtain, particularly if you have some gumption like Cuc. Cuc was able to find a fast loan for $114000 from Community Financial Services Bank and The Monticello Banking Company, but turned down both offers in favor of their auto loan from Community First Bank. The improvement 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 debt consolidation loans. Much better if a borrower is in a pinch.
Multiple other requests for credit have been made by Cuc in the past, including one from Charter Bank in Maysville, Kentucky before Cuc was accepted for the $114000 by Community First Bank
Cuc made 6 previous attempts to obtain an auto loan, 2 of which were with Charter Bank, a lending institution in Maysville, Kentucky known to specialize in auto loans specifically. Prior to finding Community First Bank, Cuc was very concerned due to their inexperience and fair credit score.
Cuc’s Overall FICO score at the time of acceptance for an auto loan, taking into account their psychology professor job and their future career as a labor relations advisor
9 Months in the Past, Cuc Tried Finding a High Risk Loan for $38,000.00, and it was Easy
There is an existing struggle for borrowers to get high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Cuc. Cuc decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit clients. Individuals with credit scores as low as 313 can apply for a high risk loan and have a chance to be approved.
Signature Loan easily acquired in Maysville, Kentucky for $114000 with fair credit by Cuc
Many borrowers have difficulty with finding signature loans in Maysville, Kentucky, and Cuc is not an exception. Cuc went to 7 lenders or more before settling on Community First Bank, who offered Cuc a signature loan for $114000. Typical signature loans simply need a client, like Cuc’s signature to get them, up to $26,000 in some cases. Cuc was able to get $114000 as a auto loan, which is very high for an auto loan. Since signature loans do not require a cosigner, these loans tend to need higher credit, as high as 718
Conclusion of Cuc’s auto loan
In the end, Cuc was able to find an auto loan for $114000 with an interest rate of 9.3% interest APR from Community First Bank in Maysville, Kentucky repayable over 14 years from now.