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Low Rate Auto Loan For Darrell In Pekin, Illinois

$63000 Auto Loan – Pekin Illinois, Credit Score Of 568

  • Experian: 585 – The client had a fair Experian rating
  • Transunion: 553 – Darrell had a fair credit score with Transunion.
  • Equifax: Darrell’s Experian score was 568, which is a fair credit score on the Experian rating scheme.

Installment loan for Darrell, a graduate of Lindenwood University and a fishery worker supervisor working for over $69,000 per year

Darrell, an alumnus at Lindenwood University and a fishery worker supervisor in Pekin, Illinois wants an auto loan to purchase a house. Darrell has instead decided to obtain an installment loan for $14,000 and is at present seeking lenders like Merchandise National Bank of Chicago to provide it.

Darrell’s Overall FICO score at the time of acceptance for an auto loan, taking into account their fishery worker supervisor job and their future job as a nursing professor

Fico Score: 568

Darrell was not approved by First Bank of Eureka 6 times prior to being granted funding by American Federal Savings and Loan Association of Illinois at 300 S Fourth St

On April 27, 2011, Darrell inquired about borrowing $44,000 from State Bank of Niantic with Sadie, their in law from just outside Pekin, and even with the co-signer, Darrell was rejected for this auto loan. With fair credit, it can be very hard to obtain funding, even with collateral and a co-signer.

Personal Loan for a fishery worker supervisor named Darrell in Pekin, Illinois to Pay Off Zions Bank AmaZing Rate Credit Card

Darrell had a tonne of credit card debt on their Dollar Bank City Pride Visa and their Fifth Third Business MasterCard, and they were starting to get in over their heads. Despite Darrell’s job as a fishery worker supervisor, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.

When Darrell was 23, they tried to obtain a student loan from 4 alternate lenders, which harmed their credit rating. Below is a chronology of Darrell’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $36,000.00 on January 20, 2009
  • Attempt 2) Loan for $29,000.00 on February 15, 2009
  • Attempt 3) Loan for $38,000.00 on September 15, 2010
  • Attempt 4) Loan for $21,000.00 on March 18, 2013
Client Profile: Darrell Pazderski of Pekin, Illinois
  • Full name (Changed if requested): Darrell Pazderski
  • Current Credit: loans.hit.utils.Fico@32a1bec0
  • Current City: Pekin
  • State: Illinois
  • Zip code: 61556
  • Yearly income: $38,000
  • Current Job: fishery worker supervisor
  • Current County: Tazewell
  • Goal Yearly Income: $87,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

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

Most debt consolidation loans vary from $34,000.00 to $55,000.00. They are normally used to pay off existing high interest loans like credit cards. Darrell required a debt consolidation loan to pay for their existing auto loan and their loan shark loan. Darrell 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 bad, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 2.8%.

6 Months in the Past, Darrell Tried to Find a High Risk Loan for $22,000.00, and it was Easy

It is an well known struggle for borrowers 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 scary to borrowers like Darrell. Darrell decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit individuals. Individuals with credit ratings as low as 557 can inquire for a high risk loan and may be be accepted.

Multiple other requests for credit have been made by Darrell in the past, including one from First Interstate Bank of Colstrip in Pekin, Illinois before Darrell was accepted for the $63000 by American Federal Savings and Loan Association of Illinois

Darrell made 7 prior attempts to obtain an auto loan, 2 of which were with First Interstate Bank of Colstrip, a lending institution in Pekin, Illinois known to specialize in auto loans specifically. Prior to finding American Federal Savings and Loan Association of Illinois, Darrell was very concerned due to their inexperience and fair credit rating.

Signature Loan found in Pekin, Illinois for $63000 with fair credit by Darrell

Many borrowers have difficulty with obtaining signature loans in Pekin, Illinois, and Darrell is no exception. Darrell went to 7 lenders or more prior to finding American Federal Savings and Loan Association of Illinois, who offered Darrell a signature loan for $63000. Typical signature loans simply need a client, like Darrell’s signature to get them, up to $20,000 in some cases. Darrell was able to get $63000 as a auto loan, which is very high for an auto loan. Since signature loans do not need a cosigner, they generally require improved credit, as high as 718

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

Fast loans in Pekin, Illinois aren’t actually that difficult to obtain, especially if you have some finesse like Darrell. Darrell was able to find a fast loan for $63000 from State Bank of Niantic and Mercantile National Bank of Chicago, but declined both offers in favor of their auto loan from American Federal Savings and Loan Association of Illinois. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. A big difference in the case that a borrower is in a pinch.

Darrell has a sad current total income, but has a large amount of prospects

Darrell has always wanted to be a nursing professor, but would have to attend Lindenwood University again to become one. Darrell has other possibilities as well, including customs inspector, orthodontic assistant, and ornamental-metalwork designer, which pay $56,000 through to $95,000 per year, at least. For this reason, we think that Darrell can pay for this auto loan of $63000.

Paraphrased and Standardized Quote from Darrell for this auto loan of $63000, provided by American Federal Savings and Loan Association of Illinois

Hello, I am Darrell and I am from Pekin in Illinois. Tazewell, county is where I grew up, and now I need a auto loan in Illinois for $63000 to renovate my home. It wasn’t easy, but American Federal Savings and Loan Association of Illinois really came through for me with this loan for 6.1% interest APR and a term of 8 years. I will repay the loan over the 8 year term, including interest. A big thanks to American Federal Savings and Loan Association of Illinois for giving me a chance and my fair credit. It look me 8 years to create my credit to 568, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for helping me this far.

Contact Details for American Federal Savings and Loan Association of Illinois, the provider of this auto loan

  • American Federal Savings and Loan Association of Illinois
  • City: Pekin
  • State: Illinois
  • Address: 300 S Fourth St
  • County: Tazewell
  • Zip code: 61554

Darrell’s Transunion score was changed by the auto loan loan, changing to 553 from 568, which is normal in our experience.

Transunion Score: 553

Previous requests on Darrell’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$24730.00 5 9.1% $514.56 The Gerber State Bank July 29, 2010
$25410.00 6 10.3% $474.59 The Belvidere National Bank and Trust Company March 14, 2013
$25370.00 10 7.2% $297.19 Commerce Bank September 3, 2013
$25280.00 10 11.1% $349.66 Byron Bank January 21, 2015

Before applying for this auto loan, Darrell had an Experian score of 585, which is fair, so American Federal Savings and Loan Association of Illinois most likely cannot provide Darrell an auto loan

Experian Score: 585

Conclusion of Darrell’s auto loan

In the end, Darrell was able to find an auto loan for $63000 with an interest rate of 9.5% interest APR from American Federal Savings and Loan Association of Illinois in Pekin, Illinois repayable over 8 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.