$66000 Auto Loan – Falkville Alabama, Credit Rating Of 562
- Experian: 581 – This client had a fair Experian rating
- Transunion: 548 – Eden had a fair credit score with Transunion.
- Equifax: Eden’s Experian score was 562, which is a fair credit score on the Experian rating scheme.
Fast Loans for Eden in Falkville, Alabama to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Falkville, Alabama aren’t actually that difficult to obtain, especially if you have some gumption like Eden. Eden was able to find a fast loan for $66000 from United Bank and Peoples Community Bank, but declined both offers in favor of their auto loan from Community Bank of Morgan County. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big difference in the case that a borrower is in a pinch.
When Eden was 22, they tried to obtain a student loan from 7 alternate lenders, which damaged their credit score. Below is a list of Eden’s prior attempts at finding a student loan:
- Attempt 1) Loan for $39,000.00 on November 12, 2011
- Attempt 2) Loan for $35,000.00 on May 17, 2009
- Attempt 3) Loan for $31,000.00 on September 11, 2009
- Attempt 4) Loan for $23,000.00 on November 29, 2008
- Attempt 5) Loan for $38,000.00 on January 4, 2009
- Attempt 6) Loan for $34,000.00 on June 10, 2012
- Attempt 7) Loan for $34,000.00 on June 13, 2012
Eden was rejected by Community Bank 5 times before being granted funding by Community Bank of Morgan County at 100 West Third Street
On April 10, 2010, Eden applied about borrowing $1,000 from Phenix-Girard Bank with Cassandra, their friend from just outside Falkville, and even with the co-signer, Eden was rejected for this auto loan. With fair credit, it can be challenging to obtain financing, even with collateral and a co-signer.
Several other requests for credit have been made by Eden in the past, including one from United Bank in Falkville, Alabama before Eden was approved for the $66000 by Community Bank of Morgan County
Eden made 6 prior attempts to obtain an auto loan, 2 of which were with United Bank, a lender in Falkville, Alabama known to specialize in auto loans specifically. Before finding Community Bank of Morgan County, Eden was desperate due to their inexperience and fair credit rating.
Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks
Average debt consolidation loans vary from $26,000.00 to $50,000.00. They are typically used to pay off existing high interest loans like credit cards. Eden required a debt consolidation loan to pay for their existing auto loan and their payday loan. Eden was able to find a auto loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which changes your bad, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 4.2%.
Signature Loan easily acquired in Falkville, Alabama for $66000 with fair credit by Eden
Many clients struggle with finding signature loans in Falkville, Alabama, and Eden is not an exception. Eden went to 4 lending institutions or more before settling on Community Bank of Morgan County, who offered Eden a signature loan for $66000. Typical signature loans simply need a client, like Eden’s signature to obtain them, up to $28,000 in some cases. Eden was able to get $66000 as a auto loan, which is very high for an auto loan. Because signature loans do not need a cosigner, they generally need improved credit, as high as 761
Paraphrased and Standardized Quote from Eden for this auto loan of $66000, provided by Community Bank of Morgan County
Hi, I am Eden and I’m from Falkville in Alabama. Morgan, county is where I grew up, and now I need a auto loan in Alabama for $66000 to pay bills. It wasn’t easy, but Community Bank of Morgan County really came through for me with this loan for 9.7% interest APR and a term of 6 years. I will repay the loan over the 6 year term, including interest. A big thanks to Community Bank of Morgan County for trusting me and my fair credit. It look me 8 years to create my credit to 562, and I won’t harm it any future. I’m happy with Find Texas Loans for assisting me this far.
Installment loan for Eden, a graduate of University of Phoenix and a respiratory therapist working for over $67,000 per year
Eden, an alumnus at University of Phoenix and a respiratory therapist in Falkville, Alabama wants an auto loan to purchase a new cell phone. Eden has instead chosen to obtain an installment loan for $10,000 and is currently seeking lenders like Bank of the South to process their request.
Eden has a sad current yearly income, but has a high number of prospects
Eden has always wanted to be a cost analysis engineer, but would need attend University of Phoenix again to achieve it. Eden has other possibilities as well, including nurse practitioner, marine engineer, and ordinary seamen, which pay $51,000 through to $105,000 per year, at least. Because of this, we believe that Eden can pay for this auto loan of $66000.
Previous requests on Eden’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$112470.00||11||9.8%||$1395.41||AuburnBank||May 9, 2012|
|$111640.00||10||8.5%||$1384.18||Bank of the South||July 23, 2012|
|$111780.00||6||7.4%||$1927.28||Alabama City Bank of Gadsden, Alabama||January 21, 2013|
|$112220.00||6||8.6%||$2000.62||The Exchange Bank, Attalla, Alabama||March 27, 2013|
|$111710.00||6||9.1%||$2019.18||Robertson Banking Company||February 18, 2014|
- Full name (Changed if requested): Eden Cvetkovic
- Current Credit: loans.hit.utils.Fico@1963006a
- Current City: Falkville
- State: Alabama
- Zip code: 35629
- Yearly income: $69,000
- Current Job: respiratory therapist
- Current County: Morgan
- Goal Yearly Income: $113,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000
Contact Details for Community Bank of Morgan County, the provider of this auto loan
- Community Bank of Morgan County
- City: Falkville
- State: Alabama
- Address: 100 West Third Street
- County: Morgan
- Zip code: 35622
Personal Loan for a respiratory therapist named Eden in Falkville, Alabama to Pay Off AirBP Flight Card
Eden had a tonne of credit card debt on their Shell Small Business Card and their Atlantic Stewardship Bank Visa Business Card, and they were starting to get in over their heads. Despite Eden’s job as a respiratory therapist, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.
6 Months Ago, Eden Tried to Find a High Risk Loan for $42,000.00, but They Didn’t Find What They were Expecting
There is an well known struggle for clients to get high risk loans in a safe way. Many high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Eden. Eden decided not to get a high risk loan this time. High Risk loans are given to very low credit individuals. Clients with credit scores as low as 574 can apply for a high risk loan and may be be approved.
Before applying for this auto loan, Eden had an Experian score of 581, which is fair, so Community Bank of Morgan County probably cannot provide Eden an auto loan
Eden’s Transunion score was altered by the auto loan loan, changing to 548 from 562, which is typical in our experience.
Eden’s Overall FICO score at the time of acceptance for an auto loan, taking into account their respiratory therapist job and their future job as a cost analysis engineer
Conclusion of Eden’s auto loan
In the end, Eden was able to find an auto loan for $66000 with an interest rate of 10.7% interest APR from Community Bank of Morgan County in Falkville, Alabama repayable over 6 years from now.