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Marisela Needed An Auto Loan For $27000, Baltimore, Maryland

$27000 Auto Loan – Baltimore Maryland, Credit Score Of 563

  • Experian: 579 – The client had a fair Experian score
  • Transunion: 549 – Marisela had a fair credit score with Transunion.
  • Equifax: Marisela’s Experian score was 563, which is a fair credit rating using the Experian rating scheme.

Multiple other requests for credit have been made by Marisela in the past, including one from First Bank in Baltimore, Maryland before Marisela was accepted for the $27000 by Ideal Federal Savings Bank

Marisela made 5 previous attempts to obtain an auto loan, 2 of which were with First Bank, a bank in Baltimore, Maryland known to specialize in auto loans specifically. Before finding Ideal Federal Savings Bank, Marisela was very concerned due to their inexperience and fair credit rating.

Contact Details for Ideal Federal Savings Bank, the provider of this auto loan

  • Ideal Federal Savings Bank
  • City: Baltimore
  • State: Maryland
  • Address: 1629 Druid Hill Avenue
  • County: Baltimore City
  • Zip code: 21217

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

Marisela has always wanted to be a school nurse, but would have to attend Utica College again to become one. Marisela has other prospects as well, including financial aid counselor, human resources management consultant, and radio & tv announcer, which pay $50,000 through to $93,000 per year, on average. Because of this, we believe that Marisela can afford this auto loan of $27000.

Before applying for this auto loan, Marisela had an Experian score of 579, which is fair, so Ideal Federal Savings Bank likely cannot provide Marisela an auto loan

Experian Score: 579

Installment loan for Marisela, a graduate of Utica College and a computer programmer working for over $75,000 per year

Marisela, an alumnus at Utica College and a computer programmer in Baltimore, Maryland needs an auto loan to purchase a house. Marisela has instead chosen to get an installment loan for $25,000 and is currently seeking lenders like CNB to provide it.

Marisela’s Overall FICO score at the time of acceptance for an auto loan, taking into account their computer programmer job and their future career as a school nurse

Fico Score: 563

Paraphrased and Standardized Quote from Marisela for this auto loan of $27000, provided by Ideal Federal Savings Bank

Hi, I am Marisela and I’m from Baltimore in Maryland. Baltimore City, county is where I grew up, and now I need a auto loan in Maryland for $27000 to pay bills. It wasn’t easy, but Ideal Federal Savings Bank really came through for me with this loan for 8.2% interest APR and a term of 13 years. I can repay the loan over the 13 year term, including interest. A big thanks to Ideal Federal Savings Bank for giving me a chance and my fair credit. It look me 8 years to create my credit to 563, and I won’t tarnish it any more. I am pleased with Find Texas Loans for assisting me this far.

Personal Loan for a computer programmer named Marisela in Baltimore, Maryland to Pay Off Fifth Third Secured Card

Marisela had a lot of credit card debt on their TD Payment Plus Visa Credit Card and their Umpqua Bank Visa College Rewards, and they were starting to get in over their heads. Despite Marisela’s job as a computer programmer, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

6 Months in the Past, Marisela Attempted to Find a High Risk Loan for $38,000.00, and it was Hard

There is an existing struggle for borrowers to get high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Marisela. Marisela chose not to obtain a high risk loan this time. High Risk loans are given to terrible credit clients. Individuals with credit scores as low as 405 can apply for a high risk loan and have a chance to be accepted.

Debt Consolidation Will Assist Any Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Normal debt consolidation loans range from $34,000.00 to $53,000.00. They are typically used to pay off existing high interest loans like credit cards. Marisela required a debt consolidation loan to pay for their existing auto loan and their loan shark loan. Marisela was able to find a auto loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which changes your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 2.2%.

Marisela was not approved by Farmers Bank of Maryland 6 times prior to being granted funding by Ideal Federal Savings Bank at 1629 Druid Hill Avenue

On March 31, 2009, Marisela inquired about borrowing $41,000 from The Citizens National Bank with Joannie, their friend from just outside Baltimore, and even with the co-signer, Marisela was rejected for this auto loan. With fair credit, it can be challenging to obtain financing, even with collateral and a co-signer.

Fast Loans for Marisela in Baltimore, Maryland to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Baltimore, Maryland aren’t actually that difficult to obtain, especially if you have some gumption like Marisela. Marisela was able to find a fast loan for $27000 from Hagerstown Trust Company and Patapsco National Bank in Ellicott City, but turned down both offers in favor of their auto loan from Ideal Federal Savings Bank. The difference 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 debt consolidation loans. A big difference if a borrower is in a pinch.

Marisela’s Transunion score was altered by the auto loan loan, changing to 549 from 563, which is typical in our experience.

Transunion Score: 549

Client Profile: Marisela Gustason of Baltimore, Maryland
  • Full name (Changed if requested): Marisela Gustason
  • Current Credit: loans.hit.utils.Fico@378fd1ac
  • Current City: Baltimore
  • State: Maryland
  • Zip code: 21225
  • Yearly income: $66,000
  • Current Job: computer programmer
  • Current County: Baltimore City
  • Goal Yearly Income: $115,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Previous requests on Marisela’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$72630.00 3 10.1% $2346.98 American Security Bank, National Association August 11, 2010
$72880.00 4 9.1% $1817.08 The Forest Hill State Bank October 5, 2012
$72850.00 5 7.7% $1466.7 Boonsboro Bank of Boonsboro, Maryland February 7, 2013
$73240.00 8 8.4% $1050.32 Farmers Bank November 10, 2013
$73380.00 6 5.7% $1205.75 St. Michaels Bank August 19, 2014

Signature Loan found in Baltimore, Maryland for $27000 with fair credit by Marisela

Most borrowers struggle with obtaining signature loans in Baltimore, Maryland, and Marisela is not an exception. Marisela went to 4 lending institutions or more before settling on Ideal Federal Savings Bank, who offered Marisela a signature loan for $27000. Most signature loans simply need a client, like Marisela’s signature to obtain them, up to $30,000 in some cases. Marisela was able to get $27000 as a auto loan, which is very high for an auto loan. Because signature loans don’t need a cosigner, these loans generally need higher credit, as high as 763

When Marisela was 22, they attempted to obtain a student loan from 4 alternate lenders, which damaged their credit score. Below is a chronology of Marisela’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $33,000.00 on May 19, 2009
  • Attempt 2) Loan for $27,000.00 on March 14, 2013
  • Attempt 3) Loan for $38,000.00 on April 10, 2013
  • Attempt 4) Loan for $33,000.00 on September 5, 2013

Conclusion of Marisela’s auto loan

In the end, Marisela was able to find an auto loan for $27000 with an interest rate of 5.7% interest APR from Ideal Federal Savings Bank in Baltimore, Maryland repayable over 13 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.