$32000 Auto Loan – De Kalb County Georgia, Credit Score Of 781
- Experian: 798 – This client had an excellent Experian rating
- Transunion: 765 – Markus had an excellent credit score with Transunion.
- Equifax: Markus’s Experian score was 781, which is an excellent credit score using the Experian scale.
Contact Details for Dekalb Exchange Bank, the provider of this auto loan
- Dekalb Exchange Bank
- City: De Kalb County
- State: Georgia
- Address: 4825 Flat Shoals Road
- County: Dekalb
- Zip code: 30032
Paraphrased and Standardized Quote from Markus for this auto loan of $32000, provided by Dekalb Exchange Bank
Hello, I am Markus and I’m from De Kalb County in Georgia. Dekalb, county is where I grew up, and now I need a auto loan in Georgia for $32000 to renovate my home. It has been difficult, but Dekalb Exchange Bank really came through for me with this loan for 7.0% interest APR and a term of 15 years. I can repay the loan over the 15 year term, including interest. A big thanks to Dekalb Exchange Bank for trusting me and my excellent credit. It look me 9 years to build my credit to 781, and I won’t tarnish it any more. I am happy with Find Texas Loans for assisting me this far.
Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Average debt consolidation loans range from $34,000.00 to $57,000.00. They are mainly used to pay off existing high interest loans like credit cards. Markus needed a debt consolidation loan to pay for their existing auto loan and their payday loan. Markus was able to find a auto loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your bad, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 4.4%.
Markus has a very low current gross income, but has several of prospects
Markus has always wanted to be a history professor, but would have to attend Chattanooga State Community College again to become one. Markus has other prospects as well, including admiralty lawyer, police and detectives supervisor, and pharmacy technician, which pay $50,000 through to $106,000 per year, on average. For this reason, we think that Markus can afford this auto loan of $32000.
Markus’s Overall FICO score at the time of acceptance for an auto loan, taking into account their computer and information systems manager job and their future career as a history professor
When Markus was 19, they tried to obtain a student loan from 7 alternate banks, which harmed their credit score. Below is a list of Markus’s prior attempts at finding a student loan:
- Attempt 1) Loan for $22,000.00 on November 12, 2012
- Attempt 2) Loan for $23,000.00 on April 2, 2012
- Attempt 3) Loan for $25,000.00 on March 3, 2012
- Attempt 4) Loan for $24,000.00 on November 24, 2013
- Attempt 5) Loan for $27,000.00 on January 5, 2011
- Attempt 6) Loan for $20,000.00 on May 24, 2012
- Attempt 7) Loan for $39,000.00 on December 2, 2012
Before applying for this auto loan, Markus had an Experian score of 798, which is excellent, so Dekalb Exchange Bank probably cannot provide Markus an auto loan
Previous requests on Markus’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$129560.00||3||6.2%||$3953.22||NationsBank of Florida, National Association||December 9, 2009|
|$129750.00||8||8.2%||$1847.45||Century Bank and Trust||May 28, 2011|
|$129820.00||6||5.7%||$2133.16||Bank of Madison||September 20, 2011|
|$130360.00||6||5.4%||$2123.71||Bank of Hazlehurst||February 19, 2012|
Markus was declined by Peoples Bank of Bartow County 6 times prior to being approved by Dekalb Exchange Bank at 4825 Flat Shoals Road
On April 25, 2012, Markus applied about borrowing $35,000 from First National Bank of Griffin with Terina, their friend from just outside De Kalb County, and even with the co-signer, Markus was rejected for this auto loan. With excellent credit, it can be very hard to obtain financing, even with collateral and a co-signer.
Installment loan for Markus, a graduate of Chattanooga State Community College and a computer and information systems manager working for over $65,000 per year
Markus, an alumnus at Chattanooga State Community College and a computer and information systems manager in De Kalb County, Georgia wants an auto loan to purchase something frivolous. Markus has instead chosen to obtain an installment loan for $25,000 and is at present seeking lenders like First National Bank of Griffin to process their request.
Several past requests for credit have been made by Markus in the past, including one from Community National Bank in De Kalb County, Georgia before Markus was approved for the $32000 by Dekalb Exchange Bank
Markus made 8 previous attempts to obtain an auto loan, 2 of which were with Community National Bank, a bank in De Kalb County, Georgia known to specialize in auto loans specifically. Before finding Dekalb Exchange Bank, Markus was desperate due to their inexperience and excellent credit rating.
Personal Loan for a computer and information systems manager named Markus in De Kalb County, Georgia to Pay Off Conestoga Bank Visa Platinum Card
Markus had a lot of credit card debt on their US Bank Cash+ Visa Signature Card and their Fulton Bank College Rewards Visa Card, and they were starting to get in over their heads. Despite Markus’s job as a computer and information systems manager, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Fast Loans for Markus in De Kalb County, Georgia to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in De Kalb County, Georgia aren’t actually that difficult to obtain, especially if you have some finesse like Markus. Markus was able to find a fast loan for $32000 from The United Banking Company and Talbot State Bank, but declined both offers in favor of their auto loan from Dekalb Exchange Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. Much better if a client is in a time sensitive situation.
Markus’s Transunion score was changed by the auto loan loan, changing to 765 from 781, which is normal in our experience.
- Full name (Changed if requested): Markus Dralle
- Current Credit: loans.hit.utils.Fico@7c3df479
- Current City: De Kalb County
- State: Georgia
- Zip code: 30034
- Yearly income: $43,000
- Current Job: computer and information systems manager
- Current County: Dekalb
- Goal Yearly Income: $90,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000
Signature Loan acquired in De Kalb County, Georgia for $32000 with excellent credit by Markus
Many prospective borrowers have difficulty with obtaining signature loans in De Kalb County, Georgia, and Markus is the same. Markus went to 7 lenders or more prior to settling on Dekalb Exchange Bank, who offered Markus a signature loan for $32000. Most signature loans simply require a client, like Markus’s signature to obtain them, up to $38,000 in some cases. Markus was able to get $32000 as a auto loan, which is very high for an auto loan. Since signature loans do not need a cosigner, these loans tend to require better credit, as high as 798
7 Months in the Past, Markus Tried to Find a High Risk Loan for $24,000.00, but They Didn’t Find What They were Expecting
It is an well known struggle for clients to find high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Markus. Markus decided not to obtain a high risk loan this time. High Risk loans are given to very low credit individuals. Clients with credit scores as low as 585 can inquire for a high risk loan and have a chance to be approved.
Conclusion of Markus’s auto loan
In the end, Markus was able to find an auto loan for $32000 with an interest rate of 8.3% interest APR from Dekalb Exchange Bank in De Kalb County, Georgia repayable over 15 years from now.