$88000 Auto Loan – Marion North Carolina, Credit Score Of 689
- Experian: 701 – This client had a good Experian rating
- Transunion: 673 – Vera had a good credit rating with Transunion.
- Equifax: Vera’s Experian score was 689, which is a good credit rating using the Experian scale.
Vera’s Overall FICO score at the time of acceptance for an auto loan, taking into account their computer software technician job and their future job as an electrical and electronic inspector
- Full name (Changed if requested): Vera Caramanica
- Current Credit: loans.hit.utils.Fico@66048bfd
- Current City: Marion
- State: North Carolina
- Zip code: 28760
- Yearly income: $47,000
- Current Job: computer software technician
- Current County: Mcdowell
- Goal Yearly Income: $112,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
7 Months Ago, Vera Tried to Find a High Risk Loan for $36,000.00, and it was Easy
There is an ongoing struggle for clients to get 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 Vera. Vera decided not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit borrowers. Borrowers with credit scores as low as 320 can apply for a high risk loan and possibly can be approved.
Vera’s Transunion score was changed by the auto loan loan, changing to 673 from 689, which is typical in our experience.
Signature Loan acquired in Marion, North Carolina for $88000 with good credit by Vera
Many clients struggle with obtaining signature loans in Marion, North Carolina, and Vera is no exception. Vera went to 7 lending institutions or more prior to finding Marion Bank and Trust Company, who offered Vera a signature loan for $88000. Most signature loans simply require a client, like Vera’s signature to get them, up to $48,000 in some cases. Vera was able to get $88000 as a auto loan, which is very high for an auto loan. Because signature loans don’t need a cosigner, these loans tend to require improved credit, as high as 767
Many past requests for credit have been made by Vera in the past, including one from Lakeland Savings Bank, F.S.B. in Marion, North Carolina before Vera was accepted for the $88000 by Marion Bank and Trust Company
Vera made 7 prior attempts to obtain an auto loan, 2 of which were with Lakeland Savings Bank, F.S.B., a lender in Marion, North Carolina known to specialize in auto loans specifically. Before finding Marion Bank and Trust Company, Vera was very concerned due to their inexperience and good credit score.
Installment loan for Vera, a graduate of The American Academy of Personal Training and a computer software technician working for over $65,000 per year
Vera, an alumnus at The American Academy of Personal Training and a computer software technician in Marion, North Carolina wants an auto loan to purchase a house. Vera has instead decided to get an installment loan for $13,000 and is currently seeking lenders like Independence National Bank to provide it.
Paraphrased and Standardized Quote from Vera for this auto loan of $88000, provided by Marion Bank and Trust Company
Hi, I am Vera and I am from Marion in North Carolina. Mcdowell, county is where I grew up, and now I need a auto loan in North Carolina for $88000 to buy a big ticket item. It wasn’t easy, but Marion Bank and Trust Company really came through for me with this loan for 10.1% interest APR and a term of 8 years. I can probably repay the loan over the 8 year term, including interest. A big thanks to Marion Bank and Trust Company for giving me a chance and my good credit. It look me 9 years to build my credit to 689, and I won’t harm it any future. I am pleased with Find Texas Loans for helping me this far.
Contact Details for Marion Bank and Trust Company, the provider of this auto loan
- Marion Bank and Trust Company
- City: Marion
- State: North Carolina
- Address: Main Street
- County: Mcdowell
- Zip code: 28752
Previous requests on Vera’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$143280.00||10||11.4%||$2006.26||The Farmers Bank of Seaboard||December 12, 2012|
|$142720.00||11||9.1%||$1714.94||The Bank of Raeford||November 7, 2014|
|$143480.00||8||7.2%||$1970.48||The Bank of Coleridge||July 5, 2015|
|$142720.00||10||8.2%||$1746.71||Farmers Bank of Sunbury||September 9, 2015|
Vera has a disappointing current gross income, but has a high number of prospects
Vera has always wanted to be an electrical and electronic inspector, but would have to attend The American Academy of Personal Training again to become one. Vera has other prospects as well, including greenhouse and nursery manager, solar energy systems designer, and plant breeder, which pay $50,000 through to $95,000 per year, on average. Because of this, we think that Vera can pay for this auto loan of $88000.
Vera was declined by Bank of America, National Association 6 times before being granted funding by Marion Bank and Trust Company at Main Street
On December 18, 2009, Vera inquired about borrowing $40,000 from Nationsbank of North Carolina, National Association with Charlie, their friend from just outside Marion, and even with the co-signer, Vera was rejected for this auto loan. With good 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 Credit Card Debt
Average debt consolidation loans vary from $32,000.00 to $41,000.00. They are typically used to pay off existing high interest loans like credit cards. Vera needed a debt consolidation loan to pay for their existing auto loan and their payday loan. Vera was able to find a auto loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which converts your bad, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.2%.
Fast Loans for Vera in Marion, North Carolina to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Marion, North Carolina aren’t actually that difficult to obtain, particularly if you have some gumption like Vera. Vera was able to find a fast loan for $88000 from Commercial & Farmers Bank and The Carolina Bank, but turned down both offers in favor of their auto loan from Marion Bank and Trust Company. 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 5 weeks for installment loans. A big improvement in the case that a client is in a time sensitive situation.
Personal Loan for a computer software technician named Vera in Marion, North Carolina to Pay Off Justice FCU Blue Knights International VISA Rewards Card
Vera had a lot of credit card debt on their AARP Rewards Visa Card and their UNFCU Elite Credit Card, and they were starting to get in over their heads. Despite Vera’s job as a computer software technician, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
When Vera was 20, they attempted to obtain a student loan from 6 different lenders, which harmed their credit rating. Below is a list of Vera’s prior attempts at finding a student loan:
- Attempt 1) Loan for $22,000.00 on July 28, 2013
- Attempt 2) Loan for $22,000.00 on January 3, 2010
- Attempt 3) Loan for $39,000.00 on December 4, 2008
- Attempt 4) Loan for $27,000.00 on July 4, 2013
- Attempt 5) Loan for $34,000.00 on June 7, 2010
- Attempt 6) Loan for $36,000.00 on December 19, 2011
Before applying for this auto loan, Vera had an Experian score of 701, which is good, so Marion Bank and Trust Company probably cannot provide Vera an auto loan
Conclusion of Vera’s auto loan
In the end, Vera was able to find an auto loan for $88000 with an interest rate of 6.8% interest APR from Marion Bank and Trust Company in Marion, North Carolina repayable over 8 years from now.