$30000 Auto Loan – Westchester Illinois, Credit Score Of 559
- Experian: 572 – This client had a fair Experian score
- Transunion: 546 – Eddie had a fair credit score with Transunion.
- Equifax: Eddie’s Experian score was 559, which is a fair credit rating on the Experian scale.
Eddie’s Overall FICO score at the time of acceptance for an auto loan, taking into account their purchasing agent job and their future job as a cost analysis engineer
Paraphrased and Standardized Quote from Eddie for this auto loan of $30000, provided by Harris Bank Westchester
Hello, I am Eddie and I am from Westchester in Illinois. Cook, county is where I grew up, and now I need a auto loan in Illinois for $30000 to renovate my home. It has been difficult, but Harris Bank Westchester really came through for me with this loan for 6.7% interest APR and a term of 8 years. I can probably repay the loan over the 8 year term, including interest. A big thanks to Harris Bank Westchester for trusting me and my fair credit. It look me 9 years to build my credit to 559, and I won’t harm it any more. I’m happy with Find Texas Loans for helping me this far.
Eddie has a sad current yearly income, but has several of prospects
Eddie has always wanted to be a cost analysis engineer, but would need attend Ohio Dominican University again to achieve it. Eddie has other prospects as well, including retail inventory control analyst, electric meter installer, and anthropology and archeology professor, which pay $57,000 through to $99,000 per year, on average. Because of this, we think that Eddie can afford this auto loan of $30000.
Fast Loans for Eddie in Westchester, Illinois to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Westchester, Illinois aren’t actually that difficult to obtain, especially if you have some gumption like Eddie. Eddie was able to find a fast loan for $30000 from First Bank of Eureka and The Northern Trust Company, but turned down both offers in favor of their auto loan from Harris Bank Westchester. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. An improvement in the case that a borrower is on the go.
Contact Details for Harris Bank Westchester, the provider of this auto loan
- Harris Bank Westchester
- City: Westchester
- State: Illinois
- Address: 10500 West Cermak Road
- County: Cook
- Zip code: 60153
Personal Loan for a purchasing agent named Eddie in Westchester, Illinois to Pay Off Umpqua Bank Visa College Rewards
Eddie had a tonne of credit card debt on their Tioga State Bank Secured Visa Card and their First Niagara Pinnacle Platinum MasterCard, and they were starting to get in over their heads. Despite Eddie’s job as a purchasing agent, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Eddie’s Transunion score was altered by the auto loan loan, changing to 546 from 559, which is typical in our experience.
Eddie was declined by State Bank of Niantic 4 times before being approved by Harris Bank Westchester at 10500 West Cermak Road
On August 24, 2011, Eddie inquired about borrowing $19,000 from Byron Bank with Jacqulyn, their friend from just outside Westchester, and even with the co-signer, Eddie was rejected for this auto loan. With fair credit, it can be difficult to procure financing, even with collateral and a co-signer.
6 Months in the Past, Eddie Attempted to Find a High Risk Loan for $46,000.00, but They Didn’t Find What They were Expecting
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 the like, which can be scary to borrowers like Eddie. Eddie chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit borrowers. Individuals with credit ratings as low as 497 can inquire for a high risk loan and possibly can be approved.
When Eddie was 22, they tried to obtain a student loan from 4 different lenders, which damaged their credit rating. Below is a list of Eddie’s prior attempts at finding a student loan:
- Attempt 1) Loan for $27,000.00 on April 10, 2013
- Attempt 2) Loan for $25,000.00 on April 5, 2011
- Attempt 3) Loan for $29,000.00 on February 2, 2009
- Attempt 4) Loan for $24,000.00 on June 29, 2009
Previous requests on Eddie’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$35720.00||8||8.8%||$519.61||The Gerber State Bank||April 20, 2012|
|$36320.00||3||11.3%||$1194.24||The Belvidere National Bank and Trust Company||June 17, 2013|
|$35670.00||9||8.6%||$475.55||Commerce Bank||February 7, 2014|
|$35740.00||11||8.1%||$409.91||Byron Bank||July 6, 2014|
|$36140.00||10||8.5%||$448.08||Amalgamated Bank of Chicago||April 19, 2015|
Before applying for this auto loan, Eddie had an Experian score of 572, which is fair, so Harris Bank Westchester most likely cannot provide Eddie an auto loan
Signature Loan easily acquired in Westchester, Illinois for $30000 with fair credit by Eddie
Most clients struggle with finding signature loans in Westchester, Illinois, and Eddie is no different. Eddie went to 4 lenders or more before settling on Harris Bank Westchester, who offered Eddie a signature loan for $30000. Typical signature loans simply require a client, like Eddie’s signature to obtain them, up to $45,000 in some cases. Eddie was able to get $30000 as a auto loan, which is very high for an auto loan. Since signature loans do not need a cosigner, they generally require improved credit, as high as 783
Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Average debt consolidation loans range from $38,000.00 to $42,000.00. They are normally used to pay off existing high interest loans like credit cards. Eddie required a debt consolidation loan to pay for their existing auto loan and their loan shark loan. Eddie was able to find a auto loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which changes your less desirable, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 4.4%.
Installment loan for Eddie, a graduate of Ohio Dominican University and a purchasing agent working for over $65,000 per year
Eddie, an alumnus at Ohio Dominican University and a purchasing agent in Westchester, Illinois needs an auto loan to purchase a new cell phone. Eddie has instead chosen to get an installment loan for $29,000 and is at present seeking lenders like Harris Trust and Savings Bank to provide it.
Multiple other requests for credit have been made by Eddie in the past, including one from Midwest Bank of Western Illinois in Westchester, Illinois before Eddie was approved for the $30000 by Harris Bank Westchester
Eddie made 4 prior attempts to obtain an auto loan, 2 of which were with Midwest Bank of Western Illinois, a lending institution in Westchester, Illinois known to specialize in auto loans specifically. Prior to finding Harris Bank Westchester, Eddie was very concerned due to their inexperience and fair credit rating.
- Full name (Changed if requested): Eddie Laderer
- Current Credit: loans.hit.utils.Fico@782830e
- Current City: Westchester
- State: Illinois
- Zip code: 60159
- Yearly income: $54,000
- Current Job: purchasing agent
- Current County: Cook
- Goal Yearly Income: $93,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000
Conclusion of Eddie’s auto loan
In the end, Eddie was able to find an auto loan for $30000 with an interest rate of 9.0% interest APR from Harris Bank Westchester in Westchester, Illinois repayable over 8 years from today.