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Low Rate Auto Loan For Shery In Sanibel, Florida

$160000 Auto Loan – Sanibel Florida, Credit Score Of 420

  • Experian: 438 – This client had a bad Experian rating
  • Transunion: 403 – Shery had a bad credit rating with Transunion.
  • Equifax: Shery’s Experian score was 420, which is a bad credit rating on the Experian system.

Installment loan for Shery, a graduate of Cardinal Stritch University and a sales representative working for over $71,000 per year

Shery, an alumnus at Cardinal Stritch University and a sales representative in Sanibel, Florida needs an auto loan to purchase a new cell phone. Shery has instead chosen to obtain an installment loan for $12,000 and is currently seeking lenders like Atlantic Bank of Jacksonville to process their request.

Client Profile: Shery Mathiew of Sanibel, Florida
  • Full name (Changed if requested): Shery Mathiew
  • Current Credit: loans.hit.utils.Fico@4d405ef7
  • Current City: Sanibel
  • State: Florida
  • Zip code: 33964
  • Yearly income: $46,000
  • Current Job: sales representative
  • Current County: Lee
  • Goal Yearly Income: $100,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Shery was rejected by First Bank of Crestview 7 times before being accepted by Sanibel Captiva Community Bank at 2475 Library Way

On November 4, 2010, Shery applied about borrowing $29,000 from Sun Bank of Osceola County with Lucien, their friend from just outside Sanibel, and even with the co-signer, Shery was rejected for this auto loan. With bad credit, it can be a challenge to procure funding, even with collateral and a co-signer.

When Shery was 24, they tried to obtain a student loan from 7 different lenders, which harmed their credit rating. Below is a list of Shery’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $21,000.00 on March 30, 2011
  • Attempt 2) Loan for $35,000.00 on May 15, 2009
  • Attempt 3) Loan for $31,000.00 on July 20, 2013
  • Attempt 4) Loan for $39,000.00 on August 26, 2010
  • Attempt 5) Loan for $30,000.00 on September 27, 2010
  • Attempt 6) Loan for $23,000.00 on December 2, 2012
  • Attempt 7) Loan for $21,000.00 on January 1, 2009

Before applying for this auto loan, Shery had an Experian score of 438, which is bad, so Sanibel Captiva Community Bank probably cannot provide Shery an auto loan

Experian Score: 438

Fast Loans for Shery in Sanibel, Florida to prevent bankruptcy or harm from debt collectors.

Fast loans in Sanibel, Florida aren’t actually that difficult to obtain, particularly if you have some finesse like Shery. Shery was able to find a fast loan for $160000 from Caribank and Sun Bank/South Central Florida, National Association, but turned down both offers in favor of their auto loan from Sanibel Captiva Community Bank. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. An improvement in the case that a client is in a time sensitive situation.

Signature Loan acquired in Sanibel, Florida for $160000 with bad credit by Shery

Many clients struggle with obtaining signature loans in Sanibel, Florida, and Shery is the same. Shery went to 7 lending institutions or more prior to settling on Sanibel Captiva Community Bank, who offered Shery a signature loan for $160000. Most signature loans simply require a client, like Shery’s signature to get them, up to $29,000 in some cases. Shery was able to get $160000 as a auto loan, which is very high for an auto loan. Since signature loans don’t require collateral, these loans generally require higher credit, as high as 789

Shery’s Overall FICO score at the time of acceptance for an auto loan, taking into account their sales representative job and their future career as a bulldozer / grader operator

Fico Score: 420

Shery’s Transunion score was changed by the auto loan loan, changing to 403 from 420, which is typical in our experience.

Transunion Score: 403

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

  • Sanibel Captiva Community Bank
  • City: Sanibel
  • State: Florida
  • Address: 2475 Library Way
  • County: Lee
  • Zip code: 33957

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

Shery has always wanted to be a bulldozer / grader operator, but would have to attend Cardinal Stritch University again to achieve it. Shery has other possibilities as well, including word processing specialist, fund raiser, and parking enforcement officer, which pay $57,000 through to $98,000 per year, on average. For this reason, we think that Shery can afford this auto loan of $160000.

Paraphrased and Standardized Quote from Shery for this auto loan of $160000, provided by Sanibel Captiva Community Bank

Hi, I am Shery and I am from Sanibel in Florida. Lee, county is where I grew up, and now I need a auto loan in Florida for $160000 to avoid bankruptcy. It wasn’t easy, but Sanibel Captiva Community Bank really came through for me with this loan for 11.6% interest APR and a term of 21 years. I can repay the loan over the 21 year term, including interest. A big thanks to Sanibel Captiva Community Bank for giving me a chance and my bad credit. It look me 4 years to build my credit to 420, and I won’t tarnish it any future. I am pleased with Find Texas Loans for assisting me this far.

Multiple past requests for credit have been made by Shery in the past, including one from Sandia Federal Savings Association in Sanibel, Florida before Shery was accepted for the $160000 by Sanibel Captiva Community Bank

Shery made 4 previous tries to obtain an auto loan, 2 of which were with Sandia Federal Savings Association, a lender in Sanibel, Florida known to specialize in auto loans specifically. Prior to finding Sanibel Captiva Community Bank, Shery was very concerned due to their inexperience and bad credit rating.

Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $39,000.00 to $43,000.00. They are normally used to pay off existing high interest loans like credit cards. Shery needed a debt consolidation loan to pay for their existing auto loan and their credit card. Shery was able to find a auto loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which changes your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 3.8%.

Personal Loan for a sales representative named Shery in Sanibel, Florida to Pay Off Shell Small Business Card

Shery had a lot of credit card debt on their St. John’s University MasterCard with WorldPoints Rewards and their Commerce Bank St. Louis Blues MasterCard, and they were starting to get in over their heads. Despite Shery’s job as a sales representative, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Previous requests on Shery’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$29220.00 10 7.6% $348.37 NCNB National Bank of Florida June 12, 2009
$28750.00 8 10.1% $437.78 Southeast Bank of Madison County, National Association October 24, 2010
$29480.00 5 8.6% $606.25 Southeast Bank of Wildwood January 7, 2011
$28860.00 4 8.6% $712.71 Atlantic Bank of Jacksonville August 14, 2011

6 Months Ago, Shery Tried Finding a High Risk Loan for $49,000.00, but They Didn’t Find What They were Expecting

There is an existing struggle for borrowers to find 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 Shery. Shery chose not to obtain a high risk loan this time. High Risk loans are given to bad credit borrowers. Individuals with credit ratings as low as 533 can apply for a high risk loan and possibly can be accepted.

Conclusion of Shery’s auto loan

In the end, Shery was able to find an auto loan for $160000 with an interest rate of 8.0% interest APR from Sanibel Captiva Community Bank in Sanibel, Florida repayable over 21 years from now.

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.