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Jarrod Wanted An Auto Loan For $168000, Rockville, Maryland

$168000 Auto Loan – Rockville Maryland, Credit Score Of 719

  • Experian: 737 – This client had a good Experian rating
  • Transunion: 705 – Jarrod had a good credit rating with Transunion.
  • Equifax: Jarrod’s Experian score was 719, which is a good credit rating with the Experian system.
Client Profile: Jarrod Hanline of Rockville, Maryland
  • Full name (Changed if requested): Jarrod Hanline
  • Current Credit: loans.hit.utils.Fico@17f052a3
  • Current City: Rockville
  • State: Maryland
  • Zip code: 20854
  • Yearly income: $32,000
  • Current Job: college/university professor
  • Current County: Montgomery
  • Goal Yearly Income: $107,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Previous requests on Jarrod’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$104280.00 3 6.7% $3205.58 American Security Bank, National Association December 15, 2008
$104360.00 3 5.7% $3160.67 The Forest Hill State Bank May 26, 2011
$104440.00 8 10.8% $1629.34 Boonsboro Bank of Boonsboro, Maryland November 25, 2011
$103550.00 11 9.5% $1267.31 Farmers Bank December 25, 2011

Jarrod’s Overall FICO score at the time of acceptance for an auto loan, taking into account their college/university professor job and their future job as a metal fabricator

Fico Score: 719

Jarrod was rejected by Farmers Bank of Maryland 5 times prior to being granted funding by American Bank at 1700 Rockville Pike

On November 24, 2011, Jarrod inquired about borrowing $38,000 from Patapsco National Bank in Ellicott City with Noelia, their in law from just outside Rockville, and even with the co-signer, Jarrod was rejected for this auto loan. With good credit, it can be very hard to procure financing, even with collateral and a co-signer.

Jarrod’s Transunion score was altered by the auto loan loan, changing to 705 from 719, which is normal in our experience.

Transunion Score: 705

Fast Loans for Jarrod in Rockville, Maryland to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Rockville, Maryland aren’t actually that difficult to obtain, especially if you have some finesse like Jarrod. Jarrod was able to find a fast loan for $168000 from Farmers Bank and 1880 Bank, but declined both offers in favor of their auto loan from American Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. A big improvement if a client is in a time sensitive situation.

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

Jarrod has always wanted to be a metal fabricator, but would need attend Fairleigh Dickinson University again to achieve it. Jarrod has other possibilities as well, including nuclear fuels research engineer, hand sewer, and camp director, which pay $57,000 through to $105,000 per year, at least. Because of this, we think that Jarrod can pay for this auto loan of $168000.

Signature Loan easily acquired in Rockville, Maryland for $168000 with good credit by Jarrod

A lot of borrowers have difficulty with obtaining signature loans in Rockville, Maryland, and Jarrod is no different. Jarrod went to 7 lenders or more prior to settling on American Bank, who offered Jarrod a signature loan for $168000. Most signature loans simply need a client, like Jarrod’s signature to get them, up to $41,000 in some cases. Jarrod was able to get $168000 as a auto loan, which is very high for an auto loan. Since signature loans don’t require collateral, they generally need improved credit, as high as 788

Contact Details for American Bank, the provider of this auto loan

  • American Bank
  • City: Rockville
  • State: Maryland
  • Address: 1700 Rockville Pike
  • County: Montgomery
  • Zip code: 20852

Installment loan for Jarrod, a graduate of Fairleigh Dickinson University and a college/university professor working for over $76,000 per year

Jarrod, an alumnus at Fairleigh Dickinson University and a college/university professor in Rockville, Maryland needs an auto loan to purchase a house. Jarrod has instead chosen to get an installment loan for $19,000 and is currently seeking lenders like Equitable Bank, National Association to process their request.

Several past requests for credit have been made by Jarrod in the past, including one from Central Savings and Loan Association in Rockville, Maryland before Jarrod was approved for the $168000 by American Bank

Jarrod made 8 prior attempts to obtain an auto loan, 2 of which were with Central Savings and Loan Association, a lending institution in Rockville, Maryland known to specialize in auto loans specifically. Prior to finding American Bank, Jarrod was concerned due to their inexperience and good credit score.

Before applying for this auto loan, Jarrod had an Experian score of 737, which is good, so American Bank most likely cannot provide Jarrod an auto loan

Experian Score: 737

7 Months in the Past, Jarrod Tried to Find a High Risk Loan for $49,000.00, and it was Easy

It is an well known struggle for borrowers to find high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Jarrod. Jarrod chose not to obtain a high risk loan this time. High Risk loans are given to terrible credit borrowers. Individuals with credit scores as low as 432 can inquire for a high risk loan and possibly can be accepted.

When Jarrod was 19, they tried to obtain a student loan from 4 different banks, which damaged their credit rating. Below is a chronology of Jarrod’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on November 25, 2008
  • Attempt 2) Loan for $28,000.00 on June 3, 2012
  • Attempt 3) Loan for $33,000.00 on January 8, 2009
  • Attempt 4) Loan for $30,000.00 on June 28, 2011

Paraphrased and Standardized Quote from Jarrod for this auto loan of $168000, provided by American Bank

Hi, I am Jarrod and I am from Rockville in Maryland. Montgomery, county is where I grew up, and now I need a auto loan in Maryland for $168000 to avoid bankruptcy. It wasn’t easy, but American Bank really came through for me with this loan for 5.4% interest APR and a term of 4 years. I can repay the loan over the 4 year term, including interest. A big thanks to American Bank for giving me a chance and my good credit. It look me 9 years to create my credit to 719, and I won’t tarnish it any future. I am pleased with Find Texas Loans for helping me this far.

Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans vary from $24,000.00 to $49,000.00. They are typically used to pay off existing high interest loans like credit cards. Jarrod required a debt consolidation loan to pay for their existing auto loan and their payday loan. Jarrod was able to find a auto loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your dirty, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 3.1%.

Personal Loan for a college/university professor named Jarrod in Rockville, Maryland to Pay Off Diamond Resorts International MasterCard

Jarrod had a tonne of credit card debt on their Lanpass Visa Card and their Jeff Bank Visa Business Card, and they were starting to get in over their heads. Despite Jarrod’s job as a college/university professor, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Conclusion of Jarrod’s auto loan

In the end, Jarrod was able to find an auto loan for $168000 with an interest rate of 6.4% interest APR from American Bank in Rockville, Maryland 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.