$50000 Auto Loan – Arlington County Virginia, Credit Score Of 523
- Experian: 540 – The client had a fair Experian rating
- Transunion: 506 – Georgie had a fair credit rating with Transunion.
- Equifax: Georgie’s Experian score was 523, which is a fair credit rating on the Experian rating scheme.
Georgie’s Overall FICO score at the time of acceptance for an auto loan, taking into account their water pollution control inspector job and their future career as a peace corps worker
When Georgie was 23, they attempted to obtain a student loan from 7 different lenders, which harmed their credit score. Below is a chronology of Georgie’s previous attempts at finding a student loan:
- Attempt 1) Loan for $39,000.00 on January 31, 2011
- Attempt 2) Loan for $29,000.00 on March 13, 2009
- Attempt 3) Loan for $31,000.00 on February 11, 2009
- Attempt 4) Loan for $37,000.00 on November 15, 2010
- Attempt 5) Loan for $31,000.00 on November 3, 2012
- Attempt 6) Loan for $25,000.00 on April 26, 2009
- Attempt 7) Loan for $26,000.00 on February 2, 2011
Paraphrased and Standardized Quote from Georgie for this auto loan of $50000, provided by The Bank of Arlington
Hi, I am Georgie and I am from Arlington County in Virginia. Arlington, county is where I grew up, and now I need a auto loan in Virginia for $50000 to pay bills. It has been difficult, but The Bank of Arlington really came through for me with this loan for 8.2% interest APR and a term of 15 years. I will repay the loan over the 15 year term, including interest. A big thanks to The Bank of Arlington for giving me a chance and my fair credit. It look me 6 years to build my credit to 523, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for helping me this far.
Signature Loan acquired in Arlington County, Virginia for $50000 with fair credit by Georgie
Many prospective borrowers struggle with obtaining signature loans in Arlington County, Virginia, and Georgie is the same. Georgie went to 5 lending institutions or more before finding The Bank of Arlington, who offered Georgie a signature loan for $50000. Most signature loans simply need a client, like Georgie’s signature to get them, up to $47,000 in some cases. Georgie was able to get $50000 as a auto loan, which is very high for an auto loan. Because signature loans don’t require collateral, these loans generally need better credit, as high as 794
Installment loan for Georgie, a graduate of Arizona State University and a water pollution control inspector working for over $71,000 per year
Georgie, an alumnus at Arizona State University and a water pollution control inspector in Arlington County, Virginia needs an auto loan to purchase something frivolous. Georgie has instead chosen to get an installment loan for $20,000 and is currently seeking lenders like First Virginia Bank-South Hill to provide it.
Many other requests for credit have been made by Georgie in the past, including one from The Firelands Community Bank in Arlington County, Virginia before Georgie was approved for the $50000 by The Bank of Arlington
Georgie made 9 previous tries to obtain an auto loan, 2 of which were with The Firelands Community Bank, a bank in Arlington County, Virginia known to specialize in auto loans specifically. Prior to finding The Bank of Arlington, Georgie was desperate due to their inexperience and fair credit rating.
- Full name (Changed if requested): Georgie Journell
- Current Credit: loans.hit.utils.Fico@33e5ccce
- Current City: Arlington County
- State: Virginia
- Zip code: 22217
- Yearly income: $37,000
- Current Job: water pollution control inspector
- Current County: Arlington
- Goal Yearly Income: $127,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000
Georgie’s Transunion score was changed by the auto loan loan, changing to 506 from 523, which is normal in our experience.
8 Months Ago, Georgie Tried to Find a High Risk Loan for $36,000.00, but They Didn’t Find What They were Expecting
It is an well known struggle for clients to get high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Georgie. Georgie chose 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 scores as low as 376 can apply for a high risk loan and have a chance to be approved.
Personal Loan for a water pollution control inspector named Georgie in Arlington County, Virginia to Pay Off Plains Commerce Bank Visa Gold Card
Georgie had a tonne of credit card debt on their Bank of Louisiana Credit Cards and their Stein Mart Style Credit Card, and they were starting to get in over their heads. Despite Georgie’s job as a water pollution control inspector, they struggled to make payments on the $23,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Georgie has a very low current gross income, but has a large amount of prospects
Georgie has always wanted to be a peace corps worker, but would have to attend Arizona State University again to become one. Georgie has other possibilities as well, including foreign language translator, order clerk, and export agent, which pay $54,000 through to $108,000 per year, on average. Because of this, we think that Georgie can afford this auto loan of $50000.
Contact Details for The Bank of Arlington, the provider of this auto loan
- The Bank of Arlington
- City: Arlington County
- State: Virginia
- Address: 1901 North Moore Street
- County: Arlington
- Zip code: 22209
Previous requests on Georgie’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$97260.00||11||5.5%||$983.68||Citizens Bank and Trust Company||September 11, 2012|
|$97150.00||8||5.8%||$1267.25||Peoples Community Bank||April 7, 2013|
|$96570.00||4||7.3%||$2325.95||Crestar Bank||July 8, 2013|
|$97220.00||11||5.2%||$968.68||The Merchants and Farmers Bank||November 18, 2013|
|$97480.00||7||7.5%||$1495.18||First Virginia Bank-South Hill||October 11, 2014|
Fast Loans for Georgie in Arlington County, Virginia to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Arlington County, Virginia aren’t actually that difficult to obtain, especially if you have some finesse like Georgie. Georgie was able to find a fast loan for $50000 from First Virginia Bank-South Hill and Bank of Botetourt, but declined both offers in favor of their auto loan from The Bank of Arlington. The improvement with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. Much better if a borrower is in a pinch.
Georgie was rejected by Citizens Bank and Trust Company 4 times before being granted funding by The Bank of Arlington at 1901 North Moore Street
On January 19, 2013, Georgie applied about borrowing $18,000 from The Bank of Fincastle with Eulalia, their in law from just outside Arlington County, and even with the co-signer, Georgie was rejected for this auto loan. With fair credit, it can be a challenge to procure funding, even with collateral and a co-signer.
Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Normal debt consolidation loans range from $36,000.00 to $46,000.00. They are normally used to pay off existing high interest loans like credit cards. Georgie required a debt consolidation loan to pay for their existing auto loan and their credit card. Georgie 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 a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 2.7%.
Before applying for this auto loan, Georgie had an Experian score of 540, which is fair, so The Bank of Arlington most likely cannot provide Georgie an auto loan
Conclusion of Georgie’s auto loan
In the end, Georgie was able to find an auto loan for $50000 with an interest rate of 6.5% interest APR from The Bank of Arlington in Arlington County, Virginia repayable over 15 years from today.