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Auto Loan With Low APR In Burlington County, New Jersey

$8000 Auto Loan – Riverside New Jersey, Credit Score Of 343

  • Experian: 362 – This client had a terrible Experian score
  • Transunion: 327 – Laure had a terrible credit rating with Transunion.
  • Equifax: Laure’s Experian score was 343, which is a terrible credit rating using the Experian rating scheme.

Laure was declined by Peoples Bank, National Association 4 times before being accepted by Riverside Federal Savings Bank at 15-17 Scott Street

On September 27, 2009, Laure inquired about borrowing $12,000 from Summit Bank with Stephaine, their in law from just outside Riverside, and even with the co-signer, Laure was rejected for this auto loan. With terrible credit, it can be difficult to obtain financing, even with collateral and a co-signer.

Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Most debt consolidation loans range from $26,000.00 to $56,000.00. They are normally used to pay off existing high interest loans like credit cards. Laure required a debt consolidation loan to pay for their existing auto loan and their loan shark loan. Laure was able to find a auto loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your dirty, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.6%.

Previous requests on Laure’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$88770.00 5 10.4% $1903.62 The State Bank of North Jersey April 12, 2009
$89380.00 4 8.5% $2203.07 Carteret Bank and Trust Company September 23, 2009
$89250.00 11 6.2% $934.38 United Jersey Bank/Northwest November 22, 2010
$88720.00 5 6.2% $1723.47 People’s Trust Company December 6, 2012
Client Profile: Laure Carino of Riverside, New Jersey
  • Full name (Changed if requested): Laure Carino
  • Current Credit: loans.hit.utils.Fico@26a1ab54
  • Current City: Riverside
  • State: New Jersey
  • Zip code: 8080
  • Yearly income: $62,000
  • Current Job: commercial fisherman
  • Current County: Burlington
  • Goal Yearly Income: $122,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Laure’s Overall FICO score at the time of acceptance for an auto loan, taking into account their commercial fisherman job and their future career as an industrial designer

Fico Score: 343

Contact Details for Riverside Federal Savings Bank, the provider of this auto loan

  • Riverside Federal Savings Bank
  • City: Riverside
  • State: New Jersey
  • Address: 15-17 Scott Street
  • County: Burlington
  • Zip code: 8075

Laure has a very low current yearly income, but has a large amount of prospects

Laure has always wanted to be an industrial designer, but would need attend Illinois CareerPath Institute again to achieve it. Laure has other prospects as well, including office machine mechanic, credit reporter, and painters, which pay $57,000 through to $92,000 per year, on average. Because of this, we think that Laure can afford this auto loan of $8000.

Laure’s Transunion score was changed by the auto loan loan, changing to 327 from 343, which is typical in our experience.

Transunion Score: 327

Paraphrased and Standardized Quote from Laure for this auto loan of $8000, provided by Riverside Federal Savings Bank

Hello, I am Laure and I am from Riverside in New Jersey. Burlington, county is where I grew up, and now I need a auto loan in New Jersey for $8000 to buy a car. It wasn’t easy, but Riverside Federal Savings Bank really came through for me with this loan for 10.4% interest APR and a term of 21 years. I will repay the loan over the 21 year term, including interest. A big thanks to Riverside Federal Savings Bank for trusting me and my terrible credit. It look me 6 years to create my credit to 343, and I won’t harm it any future. I’m happy with Find Texas Loans for helping me this far.

Multiple other requests for credit have been made by Laure in the past, including one from Bank of the Pacific in Riverside, New Jersey before Laure was approved for the $8000 by Riverside Federal Savings Bank

Laure made 6 prior attempts to obtain an auto loan, 2 of which were with Bank of the Pacific, a lending institution in Riverside, New Jersey known to specialize in auto loans specifically. Before finding Riverside Federal Savings Bank, Laure was concerned due to their inexperience and terrible credit score.

Signature Loan found in Riverside, New Jersey for $8000 with terrible credit by Laure

Many prospective borrowers have difficulty with finding signature loans in Riverside, New Jersey, and Laure is not an exception. Laure went to 6 lenders or more prior to finding Riverside Federal Savings Bank, who offered Laure a signature loan for $8000. Typical signature loans simply need a client, like Laure’s signature to get them, up to $20,000 in some cases. Laure was able to get $8000 as a auto loan, which is very high for an auto loan. Since signature loans don’t need collateral, they generally require better credit, as high as 725

Installment loan for Laure, a graduate of Illinois CareerPath Institute and a commercial fisherman working for over $64,000 per year

Laure, an alumnus at Illinois CareerPath Institute and a commercial fisherman in Riverside, New Jersey wants an auto loan to purchase a house. Laure has instead chosen to get an installment loan for $1,000 and is currently seeking lenders like The Summit Trust Company to process their request.

Before applying for this auto loan, Laure had an Experian score of 362, which is terrible, so Riverside Federal Savings Bank probably cannot provide Laure an auto loan

Experian Score: 362

9 Months in the Past, Laure Attempted to Find a High Risk Loan for $24,000.00, and it was Hard

There is an well known struggle for borrowers to find high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Laure. Laure decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit individuals. Individuals with credit scores as low as 336 can inquire for a high risk loan and may be be approved.

When Laure was 24, they attempted to obtain a student loan from 4 different lenders, which damaged their credit rating. Below is a chronology of Laure’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $24,000.00 on June 21, 2009
  • Attempt 2) Loan for $38,000.00 on July 24, 2013
  • Attempt 3) Loan for $25,000.00 on December 10, 2011
  • Attempt 4) Loan for $33,000.00 on August 23, 2009

Personal Loan for a commercial fisherman named Laure in Riverside, New Jersey to Pay Off HOOTERS MasterCard

Laure had a lot of credit card debt on their Platinum Visa Card and their Staples Commercial Billing Credit Card, and they were starting to get in over their heads. Despite Laure’s job as a commercial fisherman, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Fast Loans for Laure in Riverside, New Jersey to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Riverside, New Jersey aren’t actually that difficult to obtain, particularly if you have some finesse like Laure. Laure was able to find a fast loan for $8000 from Fidelity Union Bank and Princeton Bank, but declined both offers in favor of their auto loan from Riverside Federal Savings Bank. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. An improvement in the case that you are in a pinch.

Conclusion of Laure’s auto loan

In the end, Laure was able to find an auto loan for $8000 with an interest rate of 11.8% interest APR from Riverside Federal Savings Bank in Riverside, New Jersey repayable over 21 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.