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Low Rate Auto Loan For Tonie In Waverly, Iowa

$12000 Auto Loan – Waverly Iowa, Credit Rating Of 493

  • Experian: 508 – This individual had a bad Experian rating
  • Transunion: 474 – Tonie had a bad credit score with Transunion.
  • Equifax: Tonie’s Experian score was 493, which is a bad credit rating using the Experian system.

Tonie’s Overall FICO score at the time of acceptance for an auto loan, taking into account their residence counselor job and their future career as a management consultant

Fico Score: 493

Before applying for this auto loan, Tonie had an Experian score of 508, which is bad, so Security State Bank probably cannot provide Tonie an auto loan

Experian Score: 508

Tonie was rejected by Mills County Bank National Association 5 times prior to being granted funding by Security State Bank at 933 16th Street, Southwest

On August 20, 2010, Tonie inquired about borrowing $22,000 from Washington State Bank with Dane, their friend from just outside Waverly, and even with the co-signer, Tonie was rejected for this auto loan. With bad credit, it can be very hard to procure financing, even with collateral and a co-signer.

Previous requests on Tonie’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$75290.00 5 9.7% $1588.6 Mills County Bank National Association March 17, 2010
$74710.00 3 5.4% $2252.57 Postville State Bank October 23, 2010
$74620.00 7 8.8% $1193.01 Washington State Bank November 1, 2012
$74840.00 8 10.5% $1155.53 Rippey Savings Bank January 25, 2013

Tonie has a disappointing current gross income, but has several of prospects

Tonie has always wanted to be a management consultant, but would need attend Indian River State College again to become one. Tonie has other prospects as well, including ceiling tile installer, psychiatrist, and radio & tv program director, which pay $57,000 through to $99,000 per year, on average. For this reason, we believe that Tonie can afford this auto loan of $12000.

Installment loan for Tonie, a graduate of Indian River State College and a residence counselor working for over $71,000 per year

Tonie, an alumnus at Indian River State College and a residence counselor in Waverly, Iowa needs an auto loan to purchase a house. Tonie has instead decided to get an installment loan for $15,000 and is at present seeking lenders like American Interstate Bank to provide it.

Fast Loans for Tonie in Waverly, Iowa to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Waverly, Iowa aren’t actually that difficult to obtain, especially if you have some gumption like Tonie. Tonie was able to find a fast loan for $12000 from Iowa State Bank and Raccoon Valley Bank, but declined both offers in favor of their auto loan from Security State Bank. The improvement with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. Much better if a client is in a pinch.

Signature Loan acquired in Waverly, Iowa for $12000 with bad credit by Tonie

A lot of borrowers have difficulty with finding signature loans in Waverly, Iowa, and Tonie is the same. Tonie went to 8 lending institutions or more before finding Security State Bank, who offered Tonie a signature loan for $12000. Typical signature loans simply require a client, like Tonie’s signature to get them, up to $24,000 in some cases. Tonie was able to get $12000 as a auto loan, which is very high for an auto loan. Since signature loans do not need a cosigner, these loans generally need improved credit, as high as 743

Contact Details for Security State Bank, the provider of this auto loan

  • Security State Bank
  • City: Waverly
  • State: Iowa
  • Address: 933 16th Street, Southwest
  • County: Bremer
  • Zip code: 50677
Client Profile: Tonie Vandewalker of Waverly, Iowa
  • Full name (Changed if requested): Tonie Vandewalker
  • Current Credit: loans.hit.utils.Fico@759ebb3d
  • Current City: Waverly
  • State: Iowa
  • Zip code: 50681
  • Yearly income: $32,000
  • Current Job: residence counselor
  • Current County: Bremer
  • Goal Yearly Income: $99,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

When Tonie was 21, they attempted to obtain a student loan from 6 different lenders, which harmed their credit rating. Below is a chronology of Tonie’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $30,000.00 on October 12, 2008
  • Attempt 2) Loan for $38,000.00 on March 17, 2012
  • Attempt 3) Loan for $28,000.00 on July 27, 2011
  • Attempt 4) Loan for $21,000.00 on December 10, 2010
  • Attempt 5) Loan for $29,000.00 on April 1, 2011
  • Attempt 6) Loan for $24,000.00 on October 26, 2010

Personal Loan for a residence counselor named Tonie in Waverly, Iowa to Pay Off Arvest Premier Corporate Visa

Tonie had a lot of credit card debt on their WSFS Bank Student Visa and their San Francisco Giants BankAmericard Cash Rewards MasterCard, and they were starting to get in over their heads. Despite Tonie’s job as a residence counselor, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Tonie for this auto loan of $12000, provided by Security State Bank

Hello, I am Tonie and I’m from Waverly in Iowa. Bremer, county is where I grew up, and now I need a auto loan in Iowa for $12000 to avoid bankruptcy. It wasn’t easy, but Security State Bank really came through for me with this loan for 11.2% interest APR and a term of 14 years. I will repay the loan over the 14 year term, including interest. A big thanks to Security State Bank for giving me a chance and my bad credit. It look me 5 years to create my credit to 493, and I won’t harm it any more. I am happy with Find Texas Loans for helping me this far.

Multiple previous requests for credit have been made by Tonie in the past, including one from State Savings and Loan Association in Waverly, Iowa before Tonie was approved for the $12000 by Security State Bank

Tonie made 9 previous attempts to obtain an auto loan, 2 of which were with State Savings and Loan Association, a lending institution in Waverly, Iowa known to specialize in auto loans specifically. Before finding Security State Bank, Tonie was desperate due to their inexperience and bad credit score.

9 Months in the Past, Tonie Tried Finding a High Risk Loan for $31,000.00, and it was Hard

There is an well known struggle for borrowers to get high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Tonie. Tonie chose not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit clients. Clients with credit ratings as low as 386 can inquire for a high risk loan and have a chance to be accepted.

Tonie’s Transunion score was altered by the auto loan loan, changing to 474 from 493, which is normal in our experience.

Transunion Score: 474

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

Normal debt consolidation loans range from $27,000.00 to $57,000.00. They are mainly used to pay off existing high interest loans like credit cards. Tonie needed a debt consolidation loan to pay for their existing auto loan and their payday loan. Tonie was able to find a auto loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which changes your dirty, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 3.5%.

Conclusion of Tonie’s auto loan

In the end, Tonie was able to find an auto loan for $12000 with an interest rate of 7.4% interest APR from Security State Bank in Waverly, Iowa repayable over 14 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.