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$51000 Auto Loan In Southern Pines North Carolina With Credit Score 617 For Giuseppe

$51000 Auto Loan – Southern Pines North Carolina, Credit Rating Of 617

  • Experian: 635 – They had a good Experian rating
  • Transunion: 599 – Giuseppe had a good credit score with Transunion.
  • Equifax: Giuseppe’s Experian score was 617, which is a good credit rating on the Experian scale.

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

  • First Bank
  • City: Southern Pines
  • State: North Carolina
  • Address: 300 S.W. Broad Street
  • County: Moore
  • Zip code: 28387

8 Months in the Past, Giuseppe Tried to Find a High Risk Loan for $47,000.00, and it was Hard

It is an well known struggle for clients to find high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Giuseppe. Giuseppe chose not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit borrowers. Borrowers with credit ratings as low as 586 can inquire for a high risk loan and have a chance to be accepted.

Installment loan for Giuseppe, a graduate of Bakersfield Adult Schools and an aircraft examiner working for over $61,000 per year

Giuseppe, an alumnus at Bakersfield Adult Schools and an aircraft examiner in Southern Pines, North Carolina wants an auto loan to purchase a car. Giuseppe has instead decided to obtain an installment loan for $24,000 and is at present seeking lenders like The Bank of Coleridge to process their request.

Signature Loan easily acquired in Southern Pines, North Carolina for $51000 with good credit by Giuseppe

Most borrowers have difficulty with finding signature loans in Southern Pines, North Carolina, and Giuseppe is no exception. Giuseppe went to 4 lenders or more before settling on First Bank, who offered Giuseppe a signature loan for $51000. Most signature loans simply require a client, like Giuseppe’s signature to obtain them, up to $30,000 in some cases. Giuseppe was able to get $51000 as a auto loan, which is very high for an auto loan. Because signature loans do not need a cosigner, they tend to need better credit, as high as 712

When Giuseppe was 18, they attempted to obtain a student loan from 5 different banks, which damaged their credit rating. Below is a list of Giuseppe’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $35,000.00 on April 23, 2009
  • Attempt 2) Loan for $39,000.00 on December 25, 2009
  • Attempt 3) Loan for $34,000.00 on April 18, 2012
  • Attempt 4) Loan for $32,000.00 on May 21, 2012
  • Attempt 5) Loan for $30,000.00 on December 28, 2012

Fast Loans for Giuseppe in Southern Pines, North Carolina to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Southern Pines, North Carolina aren’t actually that difficult to obtain, especially if you have some finesse like Giuseppe. Giuseppe was able to find a fast loan for $51000 from North Mecklenburg Bank and First State Bank, but turned down both offers in favor of their auto loan from First Bank. The improvement 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. Much better if a client is in a time sensitive situation.

Before applying for this auto loan, Giuseppe had an Experian score of 635, which is good, so First Bank most likely can provide Giuseppe an auto loan

Experian Score: 635

Personal Loan for an aircraft examiner named Giuseppe in Southern Pines, North Carolina to Pay Off Choice Privileges Visa Signature Card

Giuseppe had a lot of credit card debt on their SEFCU Secured MasterCard and their Commerce Bank World Elite MasterCard, and they were starting to get in over their heads. Despite Giuseppe’s job as an aircraft examiner, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Several past requests for credit have been made by Giuseppe in the past, including one from Bank of Rio Vista in Southern Pines, North Carolina before Giuseppe was accepted for the $51000 by First Bank

Giuseppe made 4 previous attempts to obtain an auto loan, 2 of which were with Bank of Rio Vista, a lending institution in Southern Pines, North Carolina known to specialize in auto loans specifically. Prior to finding First Bank, Giuseppe was concerned due to their inexperience and good credit score.

Giuseppe’s Overall FICO score at the time of acceptance for an auto loan, taking into account their aircraft examiner job and their future job as a boat builder

Fico Score: 617

Giuseppe has a low current yearly income, but has several of prospects

Giuseppe has always wanted to be a boat builder, but would need attend Bakersfield Adult Schools again to achieve it. Giuseppe has other prospects as well, including biological technician, human resources management consultant, and newspaper/magazines writer, which pay $56,000 through to $105,000 per year, at least. For this reason, we think that Giuseppe can afford this auto loan of $51000.

Client Profile: Giuseppe Laurelli of Southern Pines, North Carolina
  • Full name (Changed if requested): Giuseppe Laurelli
  • Current Credit: loans.hit.utils.Fico@782830e
  • Current City: Southern Pines
  • State: North Carolina
  • Zip code: 28391
  • Yearly income: $35,000
  • Current Job: aircraft examiner
  • Current County: Moore
  • Goal Yearly Income: $111,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Giuseppe’s Transunion score was changed by the auto loan loan, changing to 599 from 617, which is normal in our experience.

Transunion Score: 599

Paraphrased and Standardized Quote from Giuseppe for this auto loan of $51000, provided by First Bank

Hi, I am Giuseppe and my hometown is Southern Pines in North Carolina. Moore, county is where I grew up, and now I need a auto loan in North Carolina for $51000 to pay bills. It has been difficult, but First Bank really came through for me with this loan for 8.1% interest APR and a term of 10 years. I can probably repay the loan over the 10 year term, including interest. A big thanks to First Bank for giving me a chance and my good credit. It look me 4 years to create my credit to 617, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Previous requests on Giuseppe’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$43720.00 11 8.7% $515.71 The Farmers Bank of Seaboard November 15, 2008
$44430.00 9 10.1% $627.92 The Bank of Raeford October 29, 2010
$44150.00 7 11.3% $762.94 The Bank of Coleridge March 17, 2013
$44330.00 8 9.2% $654.05 Farmers Bank of Sunbury May 8, 2014
$43600.00 7 11.2% $751.13 Bank of Pittsboro May 23, 2015

Giuseppe was declined by United Carolina Bank 7 times prior to being accepted by First Bank at 300 S.W. Broad Street

On May 19, 2009, Giuseppe applied about borrowing $7,000 from Communityone Bank, National Association with Luigi, their friend from just outside Southern Pines, and even with the co-signer, Giuseppe was rejected for this auto loan. With good credit, it can be very hard to procure funding, even with collateral and a co-signer.

Debt Consolidation Will Assist Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $22,000.00 to $52,000.00. They are normally used to pay off existing high interest loans like credit cards. Giuseppe needed a debt consolidation loan to pay for their existing auto loan and their payday loan. Giuseppe 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 dirty, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 2.3%.

Conclusion of Giuseppe’s auto loan

In the end, Giuseppe was able to find an auto loan for $51000 with an interest rate of 11.6% interest APR from First Bank in Southern Pines, North Carolina repayable over 10 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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