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Larae Kirker’s Auto Loan For 24000 Dollars In Mayo Florida

$24000 Auto Loan – Mayo Florida, Credit Score Of 327

  • Experian: 345 – This client had a terrible Experian score
  • Transunion: 313 – Larae had a terrible credit rating with Transunion.
  • Equifax: Larae’s Experian score was 327, which is a terrible credit rating with the Experian scale.

Before applying for this auto loan, Larae had an Experian score of 345, which is terrible, so Lafayette State Bank likely cannot provide Larae an auto loan

Experian Score: 345

7 Months Ago, Larae Attempted to Find a High Risk Loan for $33,000.00, and it was Hard

There is an well known struggle for clients to get high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Larae. Larae chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit borrowers. Borrowers with credit ratings as low as 454 can apply for a high risk loan and have a chance to be accepted.

Larae was rejected by The First Bankers of Polk County 6 times prior to being accepted by Lafayette State Bank at Main And Lafayette Streets

On February 4, 2011, Larae inquired about borrowing $49,000 from The First National Bank of Alachua with Ivana, their in law from just outside Mayo, and even with the co-signer, Larae was rejected for this auto loan. With terrible credit, it can be a challenge to obtain financing, even with collateral and a co-signer.

Paraphrased and Standardized Quote from Larae for this auto loan of $24000, provided by Lafayette State Bank

Hi, I am Larae and I’m from Mayo in Florida. Lafayette, county is where I grew up, and now I need a auto loan in Florida for $24000 to buy a car. It wasn’t easy, but Lafayette State Bank really came through for me with this loan for 6.5% interest APR and a term of 12 years. I can repay the loan over the 12 year term, including interest. A big thanks to Lafayette State Bank for giving me a chance and my terrible credit. It look me 8 years to build my credit to 327, and I won’t harm it any more. I am happy with Find Texas Loans for assisting me this far.

Signature Loan acquired in Mayo, Florida for $24000 with terrible credit by Larae

A lot of prospective borrowers have difficulty with finding signature loans in Mayo, Florida, and Larae is the same. Larae went to 5 lenders or more before finding Lafayette State Bank, who offered Larae a signature loan for $24000. Typical signature loans simply require a client, like Larae’s signature to obtain them, up to $35,000 in some cases. Larae was able to get $24000 as a auto loan, which is very high for an auto loan. Because signature loans do not require collateral, they tend to need better credit, as high as 721

Larae’s Transunion score was changed by the auto loan loan, changing to 313 from 327, which is normal in our experience.

Transunion Score: 313

Contact Details for Lafayette State Bank, the provider of this auto loan

  • Lafayette State Bank
  • City: Mayo
  • State: Florida
  • Address: Main And Lafayette Streets
  • County: Lafayette
  • Zip code: 32066

Previous requests on Larae’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$38710.00 6 9.5% $707.41 NCNB National Bank of Florida June 9, 2010
$39200.00 10 5.5% $425.42 Southeast Bank of Madison County, National Association March 7, 2014
$39430.00 10 9.8% $516.71 Southeast Bank of Wildwood June 11, 2014
$39490.00 11 9.8% $489.95 Atlantic Bank of Jacksonville May 9, 2015

Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans range from $26,000.00 to $47,000.00. They are normally used to pay off existing high interest loans like credit cards. Larae needed a debt consolidation loan to pay for their existing auto loan and their loan shark loan. Larae was able to find a auto loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which transfers your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 3.2%.

Personal Loan for a military-enlisted personnel named Larae in Mayo, Florida to Pay Off First Hawaiian Bank Business MasterCard

Larae had a lot of credit card debt on their PenFed Defender American Express Card and their USAA Cash Rewards World MasterCard, and they were starting to get in over their heads. Despite Larae’s job as a military-enlisted personnel, they struggled to make payments on the $20,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Fast Loans for Larae in Mayo, Florida to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Mayo, Florida aren’t actually that difficult to obtain, especially if you have some gumption like Larae. Larae was able to find a fast loan for $24000 from Atlantic Bank of Jacksonville and NCNB National Bank of Florida, but declined both offers in favor of their auto loan from Lafayette State Bank. The difference with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. A big improvement if a client is on the go.

Larae’s Overall FICO score at the time of acceptance for an auto loan, taking into account their military-enlisted personnel job and their future job as a revenue agent

Fico Score: 327

When Larae was 21, they attempted to obtain a student loan from 7 different banks, which harmed their credit rating. Below is a list of Larae’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $31,000.00 on February 17, 2011
  • Attempt 2) Loan for $22,000.00 on February 24, 2010
  • Attempt 3) Loan for $35,000.00 on November 28, 2008
  • Attempt 4) Loan for $38,000.00 on October 30, 2013
  • Attempt 5) Loan for $38,000.00 on January 31, 2013
  • Attempt 6) Loan for $36,000.00 on January 4, 2009
  • Attempt 7) Loan for $22,000.00 on August 26, 2012

Larae has a disappointing current gross income, but has a high number of prospects

Larae has always wanted to be a revenue agent, but would have to attend Northland Community and Technical College again to achieve it. Larae has other possibilities as well, including ship master, customer service representative, and dental / orthodontic office administrator, which pay $56,000 through to $92,000 per year, on average. Because of this, we think that Larae can afford this auto loan of $24000.

Multiple other requests for credit have been made by Larae in the past, including one from Southwind Bank in Mayo, Florida before Larae was approved for the $24000 by Lafayette State Bank

Larae made 6 previous tries to obtain an auto loan, 2 of which were with Southwind Bank, a lender in Mayo, Florida known to specialize in auto loans specifically. Before finding Lafayette State Bank, Larae was desperate due to their inexperience and terrible credit rating.

Installment loan for Larae, a graduate of Northland Community and Technical College and a military-enlisted personnel working for over $76,000 per year

Larae, an alumnus at Northland Community and Technical College and a military-enlisted personnel in Mayo, Florida needs an auto loan to purchase a new cell phone. Larae has instead chosen to get an installment loan for $3,000 and is currently seeking lenders like NCNB National Bank of Florida to process their request.

Client Profile: Larae Kirker of Mayo, Florida
  • Full name (Changed if requested): Larae Kirker
  • Current Credit: loans.hit.utils.Fico@5d099f62
  • Current City: Mayo
  • State: Florida
  • Zip code: 32071
  • Yearly income: $64,000
  • Current Job: military-enlisted personnel
  • Current County: Lafayette
  • Goal Yearly Income: $103,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Conclusion of Larae’s auto loan

In the end, Larae was able to find an auto loan for $24000 with an interest rate of 7.8% interest APR from Lafayette State Bank in Mayo, Florida repayable over 12 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.