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Auto Loan Of $20000 For Excellent Credit Ohio Resident

$20000 Auto Loan – Columbus Ohio, Credit Rating Of 830

  • Experian: 848 – This client had an excellent Experian score
  • Transunion: 814 – Sunshine had an excellent credit rating with Transunion.
  • Equifax: Sunshine’s Experian score was 830, which is an excellent credit rating with the Experian system.

Sunshine was rejected by The Firestone Bank 5 times prior to being granted funding by Franklin Federal Savings and Loan Association at 297 South High St

On July 1, 2010, Sunshine inquired about borrowing $36,000 from JPMorgan Chase Bank, National Association with Cornelius, their in law from just outside Columbus, and even with the co-signer, Sunshine was rejected for this auto loan. With excellent credit, it can be a challenge to obtain financing, even with collateral and a co-signer.

Before applying for this auto loan, Sunshine had an Experian score of 848, which is excellent, so Franklin Federal Savings and Loan Association most likely cannot provide Sunshine an auto loan

Experian Score: 848

Installment loan for Sunshine, a graduate of Illinois State University and a cosmetologist working for over $63,000 per year

Sunshine, an alumnus at Illinois State University and a cosmetologist in Columbus, Ohio needs an auto loan to purchase a house. Sunshine has instead chosen to get an installment loan for $22,000 and is at present seeking lenders like National City Bank, Northeast to process their request.

Debt Consolidation Can Assist Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans range from $36,000.00 to $52,000.00. They are typically used to pay off existing high interest loans like credit cards. Sunshine needed a debt consolidation loan to pay for their existing auto loan and their loan shark loan. Sunshine was able to find a auto loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your bad, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 4.0%.

Contact Details for Franklin Federal Savings and Loan Association, the provider of this auto loan

  • Franklin Federal Savings and Loan Association
  • City: Columbus
  • State: Ohio
  • Address: 297 South High St
  • County: Franklin
  • Zip code: 43215

Previous requests on Sunshine’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$87750.00 9 7.1% $1101.88 The Vinton Banking Company April 23, 2012
$88240.00 4 6.8% $2104.84 The Ohio Valley Bank Company July 4, 2012
$88490.00 10 8.1% $1078.31 The Citizens Bank February 3, 2013
$87830.00 11 11.3% $1165.21 The Peoples Bank October 2, 2013
$88150.00 8 5.5% $1137.08 The Freeport State Bank January 17, 2014

Fast Loans for Sunshine in Columbus, Ohio to prevent bankruptcy or harm from debt collectors.

Fast loans in Columbus, Ohio aren’t actually that difficult to obtain, particularly if you have some gumption like Sunshine. Sunshine was able to find a fast loan for $20000 from The Commercial Bank and The Commercial Bank, but turned down both offers in favor of their auto loan from Franklin Federal Savings and Loan Association. 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 7 weeks for debt consolidation loans. A big improvement in the case that you are on the go.

Sunshine’s Transunion score was altered by the auto loan loan, changing to 814 from 830, which is typical in our experience.

Transunion Score: 814

Signature Loan acquired in Columbus, Ohio for $20000 with excellent credit by Sunshine

Many borrowers struggle with obtaining signature loans in Columbus, Ohio, and Sunshine is not an exception. Sunshine went to 5 lending institutions or more prior to settling on Franklin Federal Savings and Loan Association, who offered Sunshine a signature loan for $20000. Most signature loans simply need a client, like Sunshine’s signature to obtain them, up to $30,000 in some cases. Sunshine was able to get $20000 as a auto loan, which is very high for an auto loan. Since signature loans don’t require a cosigner, these loans tend to require higher credit, as high as 764

Sunshine’s Overall FICO score at the time of acceptance for an auto loan, taking into account their cosmetologist job and their future career as a pilot

Fico Score: 830

6 Months Ago, Sunshine Attempted Finding a High Risk Loan for $36,000.00, and it was Easy

There is an ongoing struggle for borrowers to get high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Sunshine. Sunshine chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit applicants. Individuals with credit scores as low as 494 can apply for a high risk loan and may be be approved.

Many previous requests for credit have been made by Sunshine in the past, including one from Citizens State Bank of Kelliher in Columbus, Ohio before Sunshine was accepted for the $20000 by Franklin Federal Savings and Loan Association

Sunshine made 6 previous tries to obtain an auto loan, 2 of which were with Citizens State Bank of Kelliher, a lending institution in Columbus, Ohio known to specialize in auto loans specifically. Before finding Franklin Federal Savings and Loan Association, Sunshine was very concerned due to their inexperience and excellent credit score.

Client Profile: Sunshine Kornblum of Columbus, Ohio
  • Full name (Changed if requested): Sunshine Kornblum
  • Current Credit: loans.hit.utils.Fico@694f9431
  • Current City: Columbus
  • State: Ohio
  • Zip code: 43220
  • Yearly income: $38,000
  • Current Job: cosmetologist
  • Current County: Franklin
  • Goal Yearly Income: $85,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

When Sunshine was 22, they tried to obtain a student loan from 5 alternate banks, which harmed their credit score. Below is a list of Sunshine’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $25,000.00 on November 21, 2012
  • Attempt 2) Loan for $29,000.00 on February 21, 2011
  • Attempt 3) Loan for $30,000.00 on February 12, 2011
  • Attempt 4) Loan for $32,000.00 on October 27, 2008
  • Attempt 5) Loan for $35,000.00 on July 29, 2009

Personal Loan for a cosmetologist named Sunshine in Columbus, Ohio to Pay Off Commerce Bank Special Connections MasterCard with Rewards

Sunshine had a lot of credit card debt on their New York Community Bank Visa Signature Card with Maximum Rewards and their Apple Bank for Savings, and they were starting to get in over their heads. Despite Sunshine’s job as a cosmetologist, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Sunshine for this auto loan of $20000, provided by Franklin Federal Savings and Loan Association

Hi, I am Sunshine and I am from Columbus in Ohio. Franklin, county is where I grew up, and now I need a auto loan in Ohio for $20000 to renovate my home. It wasn’t easy, but Franklin Federal Savings and Loan Association really came through for me with this loan for 8.8% interest APR and a term of 4 years. I can probably repay the loan over the 4 year term, including interest. A big thanks to Franklin Federal Savings and Loan Association for giving me a chance and my excellent credit. It look me 4 years to build my credit to 830, and I won’t harm it any future. I’m pleased with Find Texas Loans for assisting me this far.

Sunshine has a sad current yearly income, but has a large amount of prospects

Sunshine has always wanted to be a pilot, but would need attend Illinois State University again to become one. Sunshine has other prospects as well, including police officer, student financial aid administrator, and control center specialist, which pay $52,000 through to $92,000 per year, on average. Because of this, we think that Sunshine can pay for this auto loan of $20000.

Conclusion of Sunshine’s auto loan

In the end, Sunshine was able to find an auto loan for $20000 with an interest rate of 8.5% interest APR from Franklin Federal Savings and Loan Association in Columbus, Ohio repayable over 4 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.