$80000 Auto Loan – Edgeley North Dakota, Credit Score Of 405
- Experian: 419 – The client had a bad Experian rating
- Transunion: 387 – Willy had a bad credit score with Transunion.
- Equifax: Willy’s Experian score was 405, which is a bad credit rating on the Experian scale.
Willy’s Transunion score was changed by the auto loan loan, changing to 387 from 405, which is typical in our experience.
- Full name (Changed if requested): Willy Barfoot
- Current Credit: loans.hit.utils.Fico@1b9e1916
- Current City: Edgeley
- State: North Dakota
- Zip code: 58435
- Yearly income: $66,000
- Current Job: physician’s office nurse
- Current County: Lamoure
- Goal Yearly Income: $104,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
When Willy was 24, they attempted to obtain a student loan from 6 alternate banks, which damaged their credit rating. Below is a list of Willy’s previous attempts at finding a student loan:
- Attempt 1) Loan for $37,000.00 on August 11, 2009
- Attempt 2) Loan for $24,000.00 on January 20, 2010
- Attempt 3) Loan for $35,000.00 on May 11, 2009
- Attempt 4) Loan for $27,000.00 on July 1, 2012
- Attempt 5) Loan for $24,000.00 on August 11, 2011
- Attempt 6) Loan for $29,000.00 on August 27, 2012
Before applying for this auto loan, Willy had an Experian score of 419, which is bad, so Heartland State Bank likely cannot provide Willy an auto loan
Willy’s Overall FICO score at the time of acceptance for an auto loan, taking into account their physician’s office nurse job and their future job as a medical photographer
Willy has a very low current gross income, but has a large amount of prospects
Willy has always wanted to be a medical photographer, but would need attend Target International Student Center again to achieve it. Willy has other possibilities as well, including respiratory care technician, golf course superintendent, and bus driver, which pay $57,000 through to $96,000 per year, on average. For this reason, we believe that Willy can afford this auto loan of $80000.
8 Months in the Past, Willy Attempted Finding a High Risk Loan for $29,000.00, but They Didn’t Find What They were Expecting
It is an well known struggle for clients to get high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Willy. Willy decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit applicants. Individuals with credit scores as low as 322 can apply for a high risk loan and may be be approved.
Willy was rejected by First American Bank of Larimore 6 times before being approved by Heartland State Bank at 401 Main Street
On March 11, 2010, Willy inquired about borrowing $39,000 from First American Bank of Rugby with Cathey, their in law from just outside Edgeley, and even with the co-signer, Willy was rejected for this auto loan. With bad credit, it can be challenging to procure funding, even with collateral and a co-signer.
Signature Loan found in Edgeley, North Dakota for $80000 with bad credit by Willy
Most clients have difficulty with obtaining signature loans in Edgeley, North Dakota, and Willy is no different. Willy went to 8 lending institutions or more before settling on Heartland State Bank, who offered Willy a signature loan for $80000. Typical signature loans simply need a client, like Willy’s signature to obtain them, up to $28,000 in some cases. Willy was able to get $80000 as a auto loan, which is very high for an auto loan. Because signature loans do not require a cosigner, they generally need improved credit, as high as 746
Paraphrased and Standardized Quote from Willy for this auto loan of $80000, provided by Heartland State Bank
Hi, I am Willy and I am from Edgeley in North Dakota. Lamoure, county is where I grew up, and now I need a auto loan in North Dakota for $80000 to avoid bankruptcy. It wasn’t easy, but Heartland State Bank really came through for me with this loan for 8.1% interest APR and a term of 23 years. I will repay the loan over the 23 year term, including interest. A big thanks to Heartland State Bank for giving me a chance and my bad credit. It look me 7 years to build my credit to 405, and I won’t harm it any future. I’m happy with Find Texas Loans for assisting me this far.
Previous requests on Willy’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$106800.00||8||11.6%||$1712.42||American State Bank of New England||October 18, 2009|
|$106640.00||5||10.2%||$2276.29||First American Bank & Trust of Carrington||February 21, 2011|
|$106880.00||11||10.2%||$1350.25||Kulm State Bank||September 19, 2011|
|$107230.00||6||11.5%||$2068.59||Bremer Bank, National Association||November 11, 2011|
Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans
Most debt consolidation loans vary from $22,000.00 to $50,000.00. They are normally used to pay off existing high interest loans like credit cards. Willy needed a debt consolidation loan to pay for their existing auto loan and their payday loan. Willy was able to find a auto loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 4.2%.
Several other requests for credit have been made by Willy in the past, including one from McKenzie Banking Company in Edgeley, North Dakota before Willy was approved for the $80000 by Heartland State Bank
Willy made 8 previous tries to obtain an auto loan, 2 of which were with McKenzie Banking Company, a lending institution in Edgeley, North Dakota known to specialize in auto loans specifically. Prior to finding Heartland State Bank, Willy was concerned due to their inexperience and bad credit score.
Personal Loan for a physician’s office nurse named Willy in Edgeley, North Dakota to Pay Off Alaska Airlines Visa Business Card
Willy had a lot of credit card debt on their Orvis Rewards Visa and their Trustco Bank Hometown Secured Card, and they were starting to get in over their heads. Despite Willy’s job as a physician’s office nurse, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Contact Details for Heartland State Bank, the provider of this auto loan
- Heartland State Bank
- City: Edgeley
- State: North Dakota
- Address: 401 Main Street
- County: Lamoure
- Zip code: 58433
Installment loan for Willy, a graduate of Target International Student Center and a physician’s office nurse working for over $62,000 per year
Willy, an alumnus at Target International Student Center and a physician’s office nurse in Edgeley, North Dakota needs an auto loan to purchase something frivolous. Willy has instead decided to get an installment loan for $16,000 and is currently seeking lenders like The First National Bank and Trust Company of Bismarck to process their request.
Fast Loans for Willy in Edgeley, North Dakota to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Edgeley, North Dakota aren’t actually that difficult to obtain, especially if you have some finesse like Willy. Willy was able to find a fast loan for $80000 from First National Bank and Norwest Bank Grafton, National Association, but turned down both offers in favor of their auto loan from Heartland State Bank. The improvement with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big improvement in the case that you are on the go.
Conclusion of Willy’s auto loan
In the end, Willy was able to find an auto loan for $80000 with an interest rate of 9.0% interest APR from Heartland State Bank in Edgeley, North Dakota repayable over 23 years from today.