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14 Month, Fixed Interest Auto Loan For Jo In Georgia

$140000 Auto Loan – Millen Georgia, Credit Score Of 474

  • Experian: 485 – The client had a bad Experian score
  • Transunion: 462 – Jo had a bad credit score with Transunion.
  • Equifax: Jo’s Experian score was 474, which is a bad credit score using the Experian system.

Contact Details for The Bank of Millen, the provider of this auto loan

  • The Bank of Millen
  • City: Millen
  • State: Georgia
  • Address: 415 East Cotton Avenue
  • County: Jenkins
  • Zip code: 30442
Client Profile: Jo Seagren of Millen, Georgia
  • Full name (Changed if requested): Jo Seagren
  • Current Credit: loans.hit.utils.Fico@ba4d54
  • Current City: Millen
  • State: Georgia
  • Zip code: 30450
  • Yearly income: $55,000
  • Current Job: psychology professor
  • Current County: Jenkins
  • Goal Yearly Income: $115,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Paraphrased and Standardized Quote from Jo for this auto loan of $140000, provided by The Bank of Millen

Hello, I am Jo and my hometown is Millen in Georgia. Jenkins, county is where I grew up, and now I need a auto loan in Georgia for $140000 to buy a big ticket item. It has been difficult, but The Bank of Millen really came through for me with this loan for 8.8% interest APR and a term of 14 years. I can repay the loan over the 14 year term, including interest. A big thanks to The Bank of Millen for giving me a chance and my bad credit. It look me 9 years to build my credit to 474, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for assisting me this far.

Fast Loans for Jo in Millen, Georgia to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Millen, Georgia aren’t actually that difficult to obtain, particularly if you have some gumption like Jo. Jo was able to find a fast loan for $140000 from Exchange Bank and The Peoples Bank of Talbotton, but declined both offers in favor of their auto loan from The Bank of Millen. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. A big improvement in the case that a client is in a pinch.

When Jo was 21, they attempted to obtain a student loan from 5 different banks, which harmed their credit score. Below is a list of Jo’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $24,000.00 on March 31, 2011
  • Attempt 2) Loan for $35,000.00 on April 8, 2011
  • Attempt 3) Loan for $26,000.00 on March 20, 2013
  • Attempt 4) Loan for $28,000.00 on January 12, 2010
  • Attempt 5) Loan for $35,000.00 on February 27, 2011

Installment loan for Jo, a graduate of Friends University and a psychology professor working for over $65,000 per year

Jo, an alumnus at Friends University and a psychology professor in Millen, Georgia wants an auto loan to purchase a car. Jo has instead decided to get an installment loan for $10,000 and is at present seeking lenders like The Peoples Bank to provide it.

Debt Consolidation Can Help Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans range from $30,000.00 to $41,000.00. They are typically used to pay off existing high interest loans like credit cards. Jo required a debt consolidation loan to pay for their existing auto loan and their credit card. Jo was able to find a auto loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which changes your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 3.5%.

9 Months Ago, Jo Tried Finding a High Risk Loan for $36,000.00, but They Didn’t Find What They were Expecting

There is an existing struggle for borrowers to find high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Jo. Jo chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit applicants. Clients with credit scores as low as 534 can inquire for a high risk loan and may be be accepted.

Jo was rejected by The Peoples Bank 4 times before being approved by The Bank of Millen at 415 East Cotton Avenue

On November 2, 2012, Jo applied about borrowing $28,000 from Allied Bank of Georgia with Eusebio, their in law from just outside Millen, and even with the co-signer, Jo was rejected for this auto loan. With bad credit, it can be a challenge to procure financing, even with collateral and a co-signer.

Jo’s Overall FICO score at the time of acceptance for an auto loan, taking into account their psychology professor job and their future job as a radio & tv program director

Fico Score: 474

Signature Loan found in Millen, Georgia for $140000 with bad credit by Jo

A lot of borrowers have difficulty with finding signature loans in Millen, Georgia, and Jo is no exception. Jo went to 8 lending institutions or more before settling on The Bank of Millen, who offered Jo a signature loan for $140000. Typical signature loans simply require a client, like Jo’s signature to get them, up to $46,000 in some cases. Jo was able to get $140000 as a auto loan, which is very high for an auto loan. Because signature loans do not require collateral, these loans generally need higher credit, as high as 771

Personal Loan for a psychology professor named Jo in Millen, Georgia to Pay Off BMW Platinum Rewards Visa Card

Jo had a tonne of credit card debt on their US Bank Business Edge Platinum Card and their CareCredit Credit Card, and they were starting to get in over their heads. Despite Jo’s job as a psychology professor, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Jo has a low current yearly income, but has a large amount of prospects

Jo has always wanted to be a radio & tv program director, but would need attend Friends University again to achieve it. Jo has other possibilities as well, including petroleum engineer, social worker, and hotel manager, which pay $55,000 through to $91,000 per year, on average. For this reason, we think that Jo can pay for this auto loan of $140000.

Before applying for this auto loan, Jo had an Experian score of 485, which is bad, so The Bank of Millen most likely cannot provide Jo an auto loan

Experian Score: 485

Multiple other requests for credit have been made by Jo in the past, including one from First Federal Savings and Loan Association in Millen, Georgia before Jo was accepted for the $140000 by The Bank of Millen

Jo made 8 previous tries to obtain an auto loan, 2 of which were with First Federal Savings and Loan Association, a bank in Millen, Georgia known to specialize in auto loans specifically. Before finding The Bank of Millen, Jo was concerned due to their inexperience and bad credit rating.

Jo’s Transunion score was changed by the auto loan loan, changing to 462 from 474, which is normal in our experience.

Transunion Score: 462

Previous requests on Jo’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$74230.00 4 11.7% $1943.84 NationsBank of Florida, National Association February 24, 2012
$74440.00 8 8.4% $1067.53 Century Bank and Trust May 7, 2012
$74230.00 3 10.8% $2423.17 Bank of Madison November 5, 2012
$73870.00 9 11.2% $1088.6 Bank of Hazlehurst January 6, 2013
$74100.00 4 9.5% $1861.62 The Citizens and Southern Bank of Dublin July 22, 2013

Conclusion of Jo’s auto loan

In the end, Jo was able to find an auto loan for $140000 with an interest rate of 7.7% interest APR from The Bank of Millen in Millen, Georgia repayable over 14 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.