$40000 Auto Loan – Dale Indiana, Credit Rating Of 426
- Experian: 439 – They had a bad Experian score
- Transunion: 411 – Ilana had a bad credit score with Transunion.
- Equifax: Ilana’s Experian score was 426, which is a bad credit score on the Experian system.
Before applying for this auto loan, Ilana had an Experian score of 439, which is bad, so Lincolnland Bank most likely cannot provide Ilana an auto loan
Fast Loans for Ilana in Dale, Indiana to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Dale, Indiana aren’t actually that difficult to obtain, especially if you have some gumption like Ilana. Ilana was able to find a fast loan for $40000 from Farmers State Bank Rush County and American State Bank, but declined both offers in favor of their auto loan from Lincolnland Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. Much better in the case that a borrower is on the go.
Personal Loan for a cost analysis engineer named Ilana in Dale, Indiana to Pay Off The Lincoln Highway Association Visa Card
Ilana had a lot of credit card debt on their Ace Rewards Visa Business Card and their MetaBank Vision Silver Prepaid MasterCard, and they were starting to get in over their heads. Despite Ilana’s job as a cost analysis engineer, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Contact Details for Lincolnland Bank, the provider of this auto loan
- Lincolnland Bank
- City: Dale
- State: Indiana
- Address: 5 North Washington Street
- County: Spencer
- Zip code: 47523
Installment loan for Ilana, a graduate of Saint Xavier University and a cost analysis engineer working for over $63,000 per year
Ilana, an alumnus at Saint Xavier University and a cost analysis engineer in Dale, Indiana needs an auto loan to purchase a house. Ilana has instead chosen to obtain an installment loan for $10,000 and is currently seeking lenders like STAR, Financial Bank, Elwood to provide it.
Ilana’s Overall FICO score at the time of acceptance for an auto loan, taking into account their cost analysis engineer job and their future career as a substance abuse counselor
Signature Loan found in Dale, Indiana for $40000 with bad credit by Ilana
Most borrowers struggle with obtaining signature loans in Dale, Indiana, and Ilana is not an exception. Ilana went to 5 lending institutions or more before finding Lincolnland Bank, who offered Ilana a signature loan for $40000. Most signature loans simply require a client, like Ilana’s signature to obtain them, up to $44,000 in some cases. Ilana was able to get $40000 as a auto loan, which is very high for an auto loan. Because signature loans do not need a cosigner, these loans tend to require improved credit, as high as 709
- Full name (Changed if requested): Ilana Spooner
- Current Credit: loans.hit.utils.Fico@156643d4
- Current City: Dale
- State: Indiana
- Zip code: 47531
- Yearly income: $46,000
- Current Job: cost analysis engineer
- Current County: Spencer
- Goal Yearly Income: $123,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000
When Ilana was 19, they attempted to obtain a student loan from 7 alternate banks, which harmed their credit rating. Below is a list of Ilana’s previous attempts at finding a student loan:
- Attempt 1) Loan for $21,000.00 on September 16, 2012
- Attempt 2) Loan for $39,000.00 on May 22, 2011
- Attempt 3) Loan for $39,000.00 on June 20, 2013
- Attempt 4) Loan for $38,000.00 on July 4, 2009
- Attempt 5) Loan for $28,000.00 on July 4, 2011
- Attempt 6) Loan for $38,000.00 on February 27, 2010
- Attempt 7) Loan for $27,000.00 on July 9, 2012
Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks
Most debt consolidation loans range from $35,000.00 to $49,000.00. They are mainly used to pay off existing high interest loans like credit cards. Ilana required a debt consolidation loan to pay for their existing auto loan and their payday loan. Ilana was able to find a auto loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your dirty, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.0%.
Ilana’s Transunion score was changed by the auto loan loan, changing to 411 from 426, which is typical in our experience.
Previous requests on Ilana’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$102420.00||3||8.8%||$3247.4||The Citizens Exchange Bank||January 22, 2013|
|$102230.00||10||9.6%||$1328.43||Alliance Bank||August 18, 2014|
|$101620.00||8||11.2%||$1607.27||Farmers State Bank||August 27, 2014|
|$102450.00||7||5.1%||$1452.84||First United Bank, National Association||February 11, 2015|
|$101890.00||7||6.1%||$1493.36||Farmers State Bank||April 29, 2015|
Paraphrased and Standardized Quote from Ilana for this auto loan of $40000, provided by Lincolnland Bank
Hello, I am Ilana and I am from Dale in Indiana. Spencer, county is where I grew up, and now I need a auto loan in Indiana for $40000 to buy a big ticket item. It wasn’t easy, but Lincolnland Bank really came through for me with this loan for 10.7% interest APR and a term of 23 years. I can repay the loan over the 23 year term, including interest. A big thanks to Lincolnland Bank for trusting me and my bad credit. It look me 6 years to build my credit to 426, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for assisting me this far.
6 Months in the Past, Ilana Tried to Find a High Risk Loan for $48,000.00, and it was Easy
It is an well known struggle for borrowers to find high risk loans in a non-harmful way. a lot of high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Ilana. Ilana decided not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit individuals. Borrowers with credit scores as low as 373 can apply for a high risk loan and possibly can be accepted.
Ilana has a low current yearly income, but has a high number of prospects
Ilana has always wanted to be a substance abuse counselor, but would have to attend Saint Xavier University again to become one. Ilana has other possibilities as well, including law professor, audio-visual collections specialist, and sales representatives, which pay $54,000 through to $102,000 per year, at least. For this reason, we believe that Ilana can afford this auto loan of $40000.
Ilana was rejected by Orange County Bank 6 times before being accepted by Lincolnland Bank at 5 North Washington Street
On November 22, 2010, Ilana applied about borrowing $35,000 from Union State Bank with Darleen, their in law from just outside Dale, and even with the co-signer, Ilana was rejected for this auto loan. With bad credit, it can be a challenge to obtain financing, even with collateral and a co-signer.
Many previous requests for credit have been made by Ilana in the past, including one from The First State Bank in Dale, Indiana before Ilana was approved for the $40000 by Lincolnland Bank
Ilana made 7 prior attempts to obtain an auto loan, 2 of which were with The First State Bank, a bank in Dale, Indiana known to specialize in auto loans specifically. Before finding Lincolnland Bank, Ilana was concerned due to their inexperience and bad credit score.
Conclusion of Ilana’s auto loan
In the end, Ilana was able to find an auto loan for $40000 with an interest rate of 8.5% interest APR from Lincolnland Bank in Dale, Indiana repayable over 23 years from today.