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$12000 Auto Loan With Terrible Credit In Sacramento California

$12000 Auto Loan – Sacramento California, Credit Rating Of 372

  • Experian: 386 – They had a terrible Experian rating
  • Transunion: 358 – Tuan had a terrible credit score with Transunion.
  • Equifax: Tuan’s Experian score was 372, which is a terrible credit score on the Experian rating scheme.

Signature Loan acquired in Sacramento, California for $12000 with terrible credit by Tuan

Most borrowers have difficulty with obtaining signature loans in Sacramento, California, and Tuan is not an exception. Tuan went to 7 lenders or more prior to finding Sacramento Savings Bank, who offered Tuan a signature loan for $12000. Typical signature loans simply need a client, like Tuan’s signature to get them, up to $24,000 in some cases. Tuan was able to get $12000 as a auto loan, which is very high for an auto loan. Since signature loans do not need a cosigner, they tend to require higher credit, as high as 764

6 Months Ago, Tuan Attempted to Find a High Risk Loan for $49,000.00, but They Didn’t Find What They were Expecting

It is an existing struggle for clients to get 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 frightening to borrowers like Tuan. Tuan decided not to get 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 565 can apply for a high risk loan and have a chance to be approved.

When Tuan was 23, they tried to obtain a student loan from 6 different lenders, which harmed their credit rating. Below is a list of Tuan’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $37,000.00 on September 1, 2009
  • Attempt 2) Loan for $37,000.00 on January 9, 2010
  • Attempt 3) Loan for $37,000.00 on July 6, 2009
  • Attempt 4) Loan for $33,000.00 on February 21, 2012
  • Attempt 5) Loan for $26,000.00 on October 23, 2008
  • Attempt 6) Loan for $36,000.00 on July 29, 2012

Before applying for this auto loan, Tuan had an Experian score of 386, which is terrible, so Sacramento Savings Bank probably cannot provide Tuan an auto loan

Experian Score: 386

Several past requests for credit have been made by Tuan in the past, including one from The First National Bank of Taft in Sacramento, California before Tuan was accepted for the $12000 by Sacramento Savings Bank

Tuan made 9 prior attempts to obtain an auto loan, 2 of which were with The First National Bank of Taft, a lending institution in Sacramento, California known to specialize in auto loans specifically. Prior to finding Sacramento Savings Bank, Tuan was desperate due to their inexperience and terrible credit score.

Tuan was not approved by Bank of Stockton 6 times before being approved by Sacramento Savings Bank at 424 L St

On April 4, 2014, Tuan inquired about borrowing $27,000 from Pacific Western Bank with Bo, their in law from just outside Sacramento, and even with the co-signer, Tuan was rejected for this auto loan. With terrible credit, it can be difficult to obtain financing, even with collateral and a co-signer.

Tuan has a disappointing current total income, but has a large amount of prospects

Tuan has always wanted to be a school psychologist, but would need attend University of Cincinnati again to become one. Tuan has other possibilities as well, including ordinary seamen, criminal lawyer, and forest fire inspector, which pay $57,000 through to $93,000 per year, at least. For this reason, we think that Tuan can afford this auto loan of $12000.

Fast Loans for Tuan in Sacramento, California to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Sacramento, California aren’t actually that difficult to obtain, particularly if you have some finesse like Tuan. Tuan was able to find a fast loan for $12000 from National Bank of Agriculture and Bank of Stockton, but turned down both offers in favor of their auto loan from Sacramento Savings Bank. The difference with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big improvement if a borrower is in a time sensitive situation.

Paraphrased and Standardized Quote from Tuan for this auto loan of $12000, provided by Sacramento Savings Bank

Hi, I am Tuan and I am from Sacramento in California. Sacramento, county is where I grew up, and now I need a auto loan in California for $12000 to pay bills. It has been difficult, but Sacramento Savings Bank really came through for me with this loan for 11.0% interest APR and a term of 16 years. I can repay the loan over the 16 year term, including interest. A big thanks to Sacramento Savings Bank for trusting me and my terrible credit. It look me 9 years to create my credit to 372, and I won’t tarnish it any future. I am pleased with Find Texas Loans for helping me this far.

Client Profile: Tuan Mormino of Sacramento, California
  • Full name (Changed if requested): Tuan Mormino
  • Current Credit: loans.hit.utils.Fico@1ed6993a
  • Current City: Sacramento
  • State: California
  • Zip code: 95822
  • Yearly income: $53,000
  • Current Job: pilot
  • Current County: Sacramento
  • Goal Yearly Income: $149,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Installment loan for Tuan, a graduate of University of Cincinnati and a pilot working for over $60,000 per year

Tuan, an alumnus at University of Cincinnati and a pilot in Sacramento, California needs an auto loan to purchase something frivolous. Tuan has instead decided to obtain an installment loan for $6,000 and is currently seeking lenders like First Northern Bank of Dixon to provide it.

Tuan’s Transunion score was changed by the auto loan loan, changing to 358 from 372, which is typical in our experience.

Transunion Score: 358

Tuan’s Overall FICO score at the time of acceptance for an auto loan, taking into account their pilot job and their future job as a school psychologist

Fico Score: 372

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

Average debt consolidation loans vary from $27,000.00 to $41,000.00. They are typically used to pay off existing high interest loans like credit cards. Tuan required a debt consolidation loan to pay for their existing auto loan and their payday loan. Tuan 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, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 2.5%.

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

  • Sacramento Savings Bank
  • City: Sacramento
  • State: California
  • Address: 424 L St
  • County: Sacramento
  • Zip code: 95814

Personal Loan for a pilot named Tuan in Sacramento, California to Pay Off State Farm Platinum Rewards Visa

Tuan had a tonne of credit card debt on their Los Angeles Dodgers BankAmericard Cash Rewards MasterCard and their DISTANCIA Visa, and they were starting to get in over their heads. Despite Tuan’s job as a pilot, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Previous requests on Tuan’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$95210.00 6 6.8% $1614.11 Santa Monica Bank August 1, 2010
$94550.00 7 8.4% $1492.59 Farmers and Merchants Bank of Long Beach May 4, 2013
$94800.00 7 7.4% $1449.39 First Interstate Bank of California February 23, 2014
$94560.00 7 11.4% $1639.05 Union Bank May 1, 2014
$95100.00 7 6.7% $1421.41 Citizens Commercial Trust and Savings Bank of Pasadena November 13, 2014

Conclusion of Tuan’s auto loan

In the end, Tuan was able to find an auto loan for $12000 with an interest rate of 6.8% interest APR from Sacramento Savings Bank in Sacramento, California repayable over 16 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.