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Madge Needed An Auto Loan For $123000, New Castle, Indiana

$123000 Auto Loan – New Castle Indiana, Credit Rating Of 424

  • Experian: 441 – This client had a bad Experian score
  • Transunion: 409 – Madge had a bad credit rating with Transunion.
  • Equifax: Madge’s Experian score was 424, which is a bad credit score with the Experian system.

Signature Loan found in New Castle, Indiana for $123000 with bad credit by Madge

Many borrowers have difficulty with finding signature loans in New Castle, Indiana, and Madge is no exception. Madge went to 8 lenders or more prior to settling on Citizens State Bank of New Castle, Indiana, who offered Madge a signature loan for $123000. Most signature loans simply need a client, like Madge’s signature to obtain them, up to $42,000 in some cases. Madge was able to get $123000 as a auto loan, which is very high for an auto loan. Since signature loans don’t need a cosigner, these loans tend to require better credit, as high as 721

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

Madge has always wanted to be a high school guidance counselor, but would have to attend University of Akron again to achieve it. Madge has other possibilities as well, including bindery machine tender, building maintenance mechanic, and psychiatric technician, which pay $59,000 through to $100,000 per year, on average. Because of this, we think that Madge can afford this auto loan of $123000.

When Madge was 24, they attempted to obtain a student loan from 6 alternate lenders, which damaged their credit score. Below is a chronology of Madge’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $29,000.00 on June 3, 2012
  • Attempt 2) Loan for $29,000.00 on October 28, 2013
  • Attempt 3) Loan for $33,000.00 on January 12, 2010
  • Attempt 4) Loan for $37,000.00 on June 6, 2009
  • Attempt 5) Loan for $23,000.00 on November 4, 2011
  • Attempt 6) Loan for $36,000.00 on May 26, 2009

Madge was rejected by Union State Bank 5 times prior to being accepted by Citizens State Bank of New Castle, Indiana at 1238 Broad Street

On March 11, 2012, Madge inquired about borrowing $44,000 from Farmers State Bank with Nicky, their in law from just outside New Castle, and even with the co-signer, Madge was rejected for this auto loan. With bad credit, it can be difficult to obtain funding, even with collateral and a co-signer.

Madge’s Overall FICO score at the time of acceptance for an auto loan, taking into account their medical assistant job and their future job as a high school guidance counselor

Fico Score: 424

Client Profile: Madge Conn of New Castle, Indiana
  • Full name (Changed if requested): Madge Conn
  • Current Credit: loans.hit.utils.Fico@4edde6e5
  • Current City: New Castle
  • State: Indiana
  • Zip code: 47364
  • Yearly income: $41,000
  • Current Job: medical assistant
  • Current County: Henry
  • Goal Yearly Income: $128,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Previous requests on Madge’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$58660.00 10 10.1% $778.45 The Citizens Exchange Bank December 24, 2011
$58690.00 8 8.4% $841.66 Alliance Bank March 26, 2013
$59190.00 4 11.7% $1550.0 Farmers State Bank November 13, 2013
$59210.00 9 6.6% $728.56 First United Bank, National Association August 6, 2014

Paraphrased and Standardized Quote from Madge for this auto loan of $123000, provided by Citizens State Bank of New Castle, Indiana

Hi, I am Madge and I am from New Castle in Indiana. Henry, county is where I grew up, and now I need a auto loan in Indiana for $123000 to pay bills. It has been difficult, but Citizens State Bank of New Castle, Indiana really came through for me with this loan for 11.5% interest APR and a term of 12 years. I will repay the loan over the 12 year term, including interest. A big thanks to Citizens State Bank of New Castle, Indiana for giving me a chance and my bad credit. It look me 6 years to build my credit to 424, and I won’t harm it any more. I am happy with Find Texas Loans for helping me this far.

Installment loan for Madge, a graduate of University of Akron and a medical assistant working for over $74,000 per year

Madge, an alumnus at University of Akron and a medical assistant in New Castle, Indiana needs an auto loan to purchase a new cell phone. Madge has instead chosen to obtain an installment loan for $21,000 and is currently seeking lenders like Community State Bank to process their request.

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

Average debt consolidation loans vary from $33,000.00 to $57,000.00. They are mainly used to pay off existing high interest loans like credit cards. Madge required a debt consolidation loan to pay for their existing auto loan and their payday loan. Madge 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 dirty, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.2%.

Multiple other requests for credit have been made by Madge in the past, including one from The Lyons State Bank in New Castle, Indiana before Madge was accepted for the $123000 by Citizens State Bank of New Castle, Indiana

Madge made 5 prior attempts to obtain an auto loan, 2 of which were with The Lyons State Bank, a lender in New Castle, Indiana known to specialize in auto loans specifically. Before finding Citizens State Bank of New Castle, Indiana, Madge was concerned due to their inexperience and bad credit rating.

7 Months in the Past, Madge Tried to Find a High Risk Loan for $20,000.00, and it was Easy

There is an ongoing struggle for clients to find high risk loans in a safe manner. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Madge. Madge chose not to obtain a high risk loan this time. High Risk loans are given to very low credit individuals. Borrowers with credit ratings as low as 584 can apply for a high risk loan and have a chance to be approved.

Before applying for this auto loan, Madge had an Experian score of 441, which is bad, so Citizens State Bank of New Castle, Indiana likely can provide Madge an auto loan

Experian Score: 441

Personal Loan for a medical assistant named Madge in New Castle, Indiana to Pay Off David’s Bridal Credit Card

Madge had a lot of credit card debt on their Fifth Third Preferred Card and their Barnes & Noble MasterCard, and they were starting to get in over their heads. Despite Madge’s job as a medical assistant, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Madge’s Transunion score was altered by the auto loan loan, changing to 409 from 424, which is normal in our experience.

Transunion Score: 409

Contact Details for Citizens State Bank of New Castle, Indiana, the provider of this auto loan

  • Citizens State Bank of New Castle, Indiana
  • City: New Castle
  • State: Indiana
  • Address: 1238 Broad Street
  • County: Henry
  • Zip code: 47362

Fast Loans for Madge in New Castle, Indiana to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in New Castle, Indiana aren’t actually that difficult to obtain, especially if you have some gumption like Madge. Madge was able to find a fast loan for $123000 from Community State Bank and STAR, Financial Bank, Elwood, but declined both offers in favor of their auto loan from Citizens State Bank of New Castle, Indiana. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. A big difference in the case that you are on the go.

Conclusion of Madge’s auto loan

In the end, Madge was able to find an auto loan for $123000 with an interest rate of 7.0% interest APR from Citizens State Bank of New Castle, Indiana in New Castle, Indiana repayable over 12 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.