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3 Month, Variable Interest Auto Loan For Jayna In Illinois

$22000 Auto Loan – Carmi Illinois, Credit Score Of 773

  • Experian: 791 – The client had an excellent Experian score
  • Transunion: 756 – Jayna had an excellent credit rating with Transunion.
  • Equifax: Jayna’s Experian score was 773, which is an excellent credit score on the Experian scale.

Installment loan for Jayna, a graduate of West Chester University of Pennsylvania and a medical assistant working for over $71,000 per year

Jayna, an alumnus at West Chester University of Pennsylvania and a medical assistant in Carmi, Illinois needs an auto loan to purchase a new cell phone. Jayna has instead chosen to obtain an installment loan for $25,000 and is at present seeking lenders like Commerce Bank of Woodford County, National Association to provide it.

Jayna has a low current total income, but has a high number of prospects

Jayna has always wanted to be a foreign service officer, but would have to attend West Chester University of Pennsylvania again to become one. Jayna has other possibilities as well, including experimental psychologist, animal control worker, and tax preparer, which pay $54,000 through to $97,000 per year, at least. For this reason, we think that Jayna can afford this auto loan of $22000.

Debt Consolidation Can Help Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans range from $35,000.00 to $57,000.00. They are mainly used to pay off existing high interest loans like credit cards. Jayna required a debt consolidation loan to pay for their existing auto loan and their loan shark loan. Jayna was able to find a auto loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your dirty, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.7%.

Before applying for this auto loan, Jayna had an Experian score of 791, which is excellent, so White County Bank most likely cannot provide Jayna an auto loan

Experian Score: 791

Personal Loan for a medical assistant named Jayna in Carmi, Illinois to Pay Off Commerce Bank

Jayna had a tonne of credit card debt on their MINI Platinum Visa Credit Card and their Drury Gold Key Club Card, and they were starting to get in over their heads. Despite Jayna’s job as a medical assistant, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Signature Loan easily acquired in Carmi, Illinois for $22000 with excellent credit by Jayna

Most clients struggle with finding signature loans in Carmi, Illinois, and Jayna is not an exception. Jayna went to 6 lenders or more prior to settling on White County Bank, who offered Jayna a signature loan for $22000. Typical signature loans simply require a client, like Jayna’s signature to obtain them, up to $39,000 in some cases. Jayna was able to get $22000 as a auto loan, which is very high for an auto loan. Because signature loans don’t need a cosigner, these loans generally need better credit, as high as 710

Jayna’s Transunion score was changed by the auto loan loan, changing to 756 from 773, which is typical in our experience.

Transunion Score: 756

Previous requests on Jayna’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$110360.00 10 5.1% $1175.94 The Gerber State Bank June 29, 2009
$110290.00 10 10.4% $1482.03 The Belvidere National Bank and Trust Company July 17, 2011
$110170.00 5 9.8% $2329.96 Commerce Bank July 2, 2013
$109890.00 7 11.8% $1928.13 Byron Bank October 1, 2014

Jayna’s Overall FICO score at the time of acceptance for an auto loan, taking into account their medical assistant job and their future career as a foreign service officer

Fico Score: 773

Many past requests for credit have been made by Jayna in the past, including one from Amesbury Co-operative Bank in Carmi, Illinois before Jayna was approved for the $22000 by White County Bank

Jayna made 7 previous attempts to obtain an auto loan, 2 of which were with Amesbury Co-operative Bank, a lending institution in Carmi, Illinois known to specialize in auto loans specifically. Prior to finding White County Bank, Jayna was desperate due to their inexperience and excellent credit score.

Client Profile: Jayna Balton of Carmi, Illinois
  • Full name (Changed if requested): Jayna Balton
  • Current Credit: loans.hit.utils.Fico@58d25a40
  • Current City: Carmi
  • State: Illinois
  • Zip code: 62829
  • Yearly income: $30,000
  • Current Job: medical assistant
  • Current County: White
  • Goal Yearly Income: $111,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Jayna was declined by Harris Trust and Savings Bank 5 times prior to being granted funding by White County Bank at 215 East Main Street

On November 25, 2008, Jayna applied about borrowing $22,000 from Bank One, Illinois, National Association with Josue, their friend from just outside Carmi, and even with the co-signer, Jayna was rejected for this auto loan. With excellent credit, it can be a challenge to procure financing, even with collateral and a co-signer.

Fast Loans for Jayna in Carmi, Illinois to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Carmi, Illinois aren’t actually that difficult to obtain, especially if you have some gumption like Jayna. Jayna was able to find a fast loan for $22000 from Byron Bank and Community Banks of Shelby County, but declined both offers in favor of their auto loan from White County Bank. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. An improvement if you are in a pinch.

Paraphrased and Standardized Quote from Jayna for this auto loan of $22000, provided by White County Bank

Hi, I am Jayna and I am from Carmi in Illinois. White, county is where I grew up, and now I need a auto loan in Illinois for $22000 to buy a car. It has been difficult, but White County Bank really came through for me with this loan for 9.1% interest APR and a term of 3 years. I can repay the loan over the 3 year term, including interest. A big thanks to White County Bank for giving me a chance and my excellent credit. It look me 9 years to create my credit to 773, and I won’t harm it any more. I am happy with Find Texas Loans for helping me this far.

7 Months Ago, Jayna Attempted Finding a High Risk Loan for $37,000.00, and it was Hard

It is an existing struggle for borrowers to get high risk loans in a non-harmful way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Jayna. Jayna chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit applicants. Clients with credit ratings as low as 576 can apply for a high risk loan and have a chance to be accepted.

Contact Details for White County Bank, the provider of this auto loan

  • White County Bank
  • City: Carmi
  • State: Illinois
  • Address: 215 East Main Street
  • County: White
  • Zip code: 62821

When Jayna was 24, they attempted to obtain a student loan from 5 alternate banks, which harmed their credit score. Below is a list of Jayna’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $27,000.00 on November 7, 2008
  • Attempt 2) Loan for $30,000.00 on May 4, 2009
  • Attempt 3) Loan for $35,000.00 on March 6, 2012
  • Attempt 4) Loan for $26,000.00 on April 29, 2010
  • Attempt 5) Loan for $23,000.00 on July 4, 2011

Conclusion of Jayna’s auto loan

In the end, Jayna was able to find an auto loan for $22000 with an interest rate of 8.1% interest APR from White County Bank in Carmi, Illinois repayable over 3 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.