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Renato Wanted An Auto Loan For $42000, Port Angeles, Washington

$42000 Auto Loan – Port Angeles Washington, Credit Rating Of 507

  • Experian: 526 – They had a fair Experian rating
  • Transunion: 495 – Renato had a fair credit score with Transunion.
  • Equifax: Renato’s Experian score was 507, which is a fair credit score using the Experian scale.

Installment loan for Renato, a graduate of University of Arizona and an office machine mechanic working for over $74,000 per year

Renato, an alumnus at University of Arizona and an office machine mechanic in Port Angeles, Washington needs an auto loan to purchase a car. Renato has instead chosen to get an installment loan for $28,000 and is at present seeking lenders like The First American National Bank of Port Townsend to provide it.

Before applying for this auto loan, Renato had an Experian score of 526, which is fair, so First National Bank in Port Angeles likely cannot provide Renato an auto loan

Experian Score: 526

Client Profile: Renato Desai of Port Angeles, Washington
  • Full name (Changed if requested): Renato Desai
  • Current Credit: loans.hit.utils.Fico@3941a79c
  • Current City: Port Angeles
  • State: Washington
  • Zip code: 98366
  • Yearly income: $40,000
  • Current Job: office machine mechanic
  • Current County: Clallam
  • Goal Yearly Income: $145,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

When Renato was 24, they tried to obtain a student loan from 6 different lenders, which damaged their credit rating. Below is a chronology of Renato’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $27,000.00 on January 25, 2011
  • Attempt 2) Loan for $35,000.00 on October 17, 2008
  • Attempt 3) Loan for $20,000.00 on October 27, 2012
  • Attempt 4) Loan for $37,000.00 on November 27, 2012
  • Attempt 5) Loan for $25,000.00 on March 25, 2010
  • Attempt 6) Loan for $30,000.00 on April 27, 2013

Renato’s Transunion score was altered by the auto loan loan, changing to 495 from 507, which is normal in our experience.

Transunion Score: 495

Previous requests on Renato’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$132150.00 7 10.8% $2248.86 Granite Falls State Bank March 1, 2010
$132420.00 6 10.1% $2459.87 Columbia Gorge Bank October 20, 2013
$132430.00 9 10.3% $1886.02 Summit Bank March 4, 2014
$132490.00 10 7.2% $1552.01 State Bank of Morton April 6, 2014

Multiple past requests for credit have been made by Renato in the past, including one from Sun Bank/Palm Beach County, National Association in Port Angeles, Washington before Renato was approved for the $42000 by First National Bank in Port Angeles

Renato made 4 prior attempts to obtain an auto loan, 2 of which were with Sun Bank/Palm Beach County, National Association, a bank in Port Angeles, Washington known to specialize in auto loans specifically. Prior to finding First National Bank in Port Angeles, Renato was concerned due to their inexperience and fair credit score.

Signature Loan found in Port Angeles, Washington for $42000 with fair credit by Renato

Most prospective borrowers struggle with finding signature loans in Port Angeles, Washington, and Renato is no different. Renato went to 5 lenders or more prior to settling on First National Bank in Port Angeles, who offered Renato a signature loan for $42000. Most signature loans simply need a client, like Renato’s signature to obtain them, up to $39,000 in some cases. Renato was able to get $42000 as a auto loan, which is very high for an auto loan. Because signature loans do not require collateral, they generally require higher credit, as high as 718

Renato was not approved by Baker-Boyer National Bank 4 times before being granted funding by First National Bank in Port Angeles at 102 East Front Street

On November 25, 2009, Renato applied about borrowing $8,000 from State Bank of Morton with Hattie, their friend from just outside Port Angeles, and even with the co-signer, Renato was rejected for this auto loan. With fair credit, it can be difficult to procure financing, even with collateral and a co-signer.

Fast Loans for Renato in Port Angeles, Washington to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Port Angeles, Washington aren’t actually that difficult to obtain, especially if you have some gumption like Renato. Renato was able to find a fast loan for $42000 from Baker-Boyer National Bank and The First National Bank of Redmond, but turned down both offers in favor of their auto loan from First National Bank in Port Angeles. 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 7 weeks for personal loans. Much better in the case that a borrower is in a pinch.

9 Months in the Past, Renato Tried to Find a High Risk Loan for $42,000.00, and it was Hard

There is an ongoing struggle for clients to get high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Renato. Renato decided not to obtain a high risk loan this time. High Risk loans are given to terrible credit borrowers. Borrowers with credit scores as low as 560 can apply for a high risk loan and possibly can be approved.

Personal Loan for an office machine mechanic named Renato in Port Angeles, Washington to Pay Off Oakland Athletics BankAmericard Cash Rewards MasterCard

Renato had a tonne of credit card debt on their Community Alliance Credit Union Visa Platinum Preferred Premium and their Taleris Credit Union Visa Platinum Card, and they were starting to get in over their heads. Despite Renato’s job as an office machine mechanic, they struggled to make payments on the $20,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Renato for this auto loan of $42000, provided by First National Bank in Port Angeles

Hi, I am Renato and my hometown is Port Angeles in Washington. Clallam, county is where I grew up, and now I need a auto loan in Washington for $42000 to buy a car. It has been difficult, but First National Bank in Port Angeles really came through for me with this loan for 9.8% interest APR and a term of 4 years. I will repay the loan over the 4 year term, including interest. A big thanks to First National Bank in Port Angeles for giving me a chance and my fair credit. It look me 5 years to build my credit to 507, and I won’t tarnish it any future. I’m happy with Find Texas Loans for helping me this far.

Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Average debt consolidation loans range from $30,000.00 to $46,000.00. They are mainly used to pay off existing high interest loans like credit cards. Renato required a debt consolidation loan to pay for their existing auto loan and their credit card. Renato was able to find a auto loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which changes your dirty, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 4.5%.

Renato’s Overall FICO score at the time of acceptance for an auto loan, taking into account their office machine mechanic job and their future career as a hospital administrator

Fico Score: 507

Renato has a sad current yearly income, but has a high number of prospects

Renato has always wanted to be a hospital administrator, but would need attend University of Arizona again to achieve it. Renato has other possibilities as well, including criminal justice professor, furniture designer, and farm labor contractor, which pay $59,000 through to $94,000 per year, at least. Because of this, we believe that Renato can afford this auto loan of $42000.

Contact Details for First National Bank in Port Angeles, the provider of this auto loan

  • First National Bank in Port Angeles
  • City: Port Angeles
  • State: Washington
  • Address: 102 East Front Street
  • County: Clallam
  • Zip code: 98362

Conclusion of Renato’s auto loan

In the end, Renato was able to find an auto loan for $42000 with an interest rate of 11.0% interest APR from First National Bank in Port Angeles in Port Angeles, Washington repayable over 4 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.