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High Risk Loan For $102000 Near 60601, Illinois With A Credit Score Of 811

$102000 High Risk Loan – Chicago Illinois, Credit Score Of 811

  • Experian: 828 – They had an excellent Experian rating
  • Transunion: 798 – Jospeh had an excellent credit score with Transunion.
  • Equifax: Jospeh’s Experian score was 811, which is an excellent credit score with the Experian rating scheme.

Before applying for this high risk loan, Jospeh had an Experian score of 828, which is excellent, so Associated Bank likely cannot provide Jospeh a high risk loan

Experian Score: 828

Installment loan for Jospeh, a graduate of Goucher College and an airport design engineer working for over $70,000 per year

Jospeh, an alumnus at Goucher College and an airport design engineer in Chicago, Illinois needs a high risk loan to purchase a car. Jospeh has instead chosen to obtain an installment loan for $19,000 and is at present seeking lenders like Citizens State Bank of Milford to process their request.

Jospeh was rejected by The Northern Trust Company 6 times before being accepted by Associated Bank at 200 East Randolph Street

On January 26, 2009, Jospeh applied about borrowing $27,000 from Commerce Bank of Woodford County, National Association with Shanelle, their in law from just outside Chicago, and even with the co-signer, Jospeh was rejected for this high risk loan. With excellent credit, it can be a challenge to procure funding, even with collateral and a co-signer.

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

Most debt consolidation loans range from $31,000.00 to $56,000.00. They are typically used to pay off existing high interest loans like credit cards. Jospeh required a debt consolidation loan to pay for their existing high risk loan and their credit card. Jospeh was able to find a high risk loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 3.1%.

Fast Loans for Jospeh in Chicago, Illinois to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Chicago, Illinois aren’t actually that difficult to obtain, especially if you have some finesse like Jospeh. Jospeh was able to find a fast loan for $102000 from State Bank of Niantic and State Bank of Clearing, but declined both offers in favor of their high risk loan from Associated Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. A big improvement if you are in a pinch.

Jospeh’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their airport design engineer job and their future job as an excavating supervisor

Fico Score: 811

Paraphrased and Standardized Quote from Jospeh for this high risk loan of $102000, provided by Associated Bank

Hello, I am Jospeh and I am from Chicago in Illinois. Cook, county is where I grew up, and now I need a high risk loan in Illinois for $102000 to buy a car. It has been difficult, but Associated Bank really came through for me with this loan for 8.6% interest APR and a term of 16 years. I can repay the loan over the 16 year term, including interest. A big thanks to Associated Bank for trusting me and my excellent credit. It look me 7 years to build my credit to 811, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for assisting me this far.

Contact Details for Associated Bank, the provider of this high risk loan

  • Associated Bank
  • City: Chicago
  • State: Illinois
  • Address: 200 East Randolph Street
  • County: Cook
  • Zip code: 60601
Client Profile: Jospeh Soja of Chicago, Illinois
  • Full name (Changed if requested): Jospeh Soja
  • Current Credit: loans.hit.utils.Fico@6f539caf
  • Current City: Chicago
  • State: Illinois
  • Zip code: 60604
  • Yearly income: $68,000
  • Current Job: airport design engineer
  • Current County: Cook
  • Goal Yearly Income: $128,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Signature Loan easily acquired in Chicago, Illinois for $102000 with excellent credit by Jospeh

Many prospective borrowers have difficulty with obtaining signature loans in Chicago, Illinois, and Jospeh is no different. Jospeh went to 6 lending institutions or more before settling on Associated Bank, who offered Jospeh a signature loan for $102000. Most signature loans simply need a client, like Jospeh’s signature to obtain them, up to $39,000 in some cases. Jospeh was able to get $102000 as a high risk loan, which is very high for a high risk loan. Because signature loans don’t need a cosigner, they generally need higher credit, as high as 732

Jospeh’s Transunion score was altered by the high risk loan loan, changing to 798 from 811, which is typical in our experience.

Transunion Score: 798

Personal Loan for an airport design engineer named Jospeh in Chicago, Illinois to Pay Off Gospelville Visa Platinum Rewards Card

Jospeh had a lot of credit card debt on their Pancreatic Cancer Action Network Visa Card and their Spirit Airlines, and they were starting to get in over their heads. Despite Jospeh’s job as an airport design engineer, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Many past requests for credit have been made by Jospeh in the past, including one from Great Valley Savings Bank in Chicago, Illinois before Jospeh was approved for the $102000 by Associated Bank

Jospeh made 6 previous attempts to obtain a high risk loan, 2 of which were with Great Valley Savings Bank, a lender in Chicago, Illinois known to specialize in high risk loans specifically. Before finding Associated Bank, Jospeh was desperate due to their inexperience and excellent credit score.

Previous requests on Jospeh’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$77870.00 8 8.7% $1128.73 The Gerber State Bank May 16, 2010
$77700.00 6 11.6% $1502.94 The Belvidere National Bank and Trust Company October 15, 2010
$77570.00 3 11.8% $2569.03 Commerce Bank April 15, 2014
$77810.00 7 8.3% $1224.43 Byron Bank November 4, 2014
$77630.00 11 11.3% $1029.89 Amalgamated Bank of Chicago May 8, 2015

When Jospeh was 20, they attempted to obtain a student loan from 5 alternate lenders, which damaged their credit score. Below is a list of Jospeh’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $36,000.00 on March 16, 2013
  • Attempt 2) Loan for $28,000.00 on March 6, 2010
  • Attempt 3) Loan for $22,000.00 on May 1, 2009
  • Attempt 4) Loan for $39,000.00 on December 25, 2012
  • Attempt 5) Loan for $32,000.00 on July 21, 2010

Jospeh has a disappointing current gross income, but has a large amount of prospects

Jospeh has always wanted to be an excavating supervisor, but would need attend Goucher College again to achieve it. Jospeh has other prospects as well, including environmental engineer, cabinet maker, and computer customer support specialist, which pay $54,000 through to $100,000 per year, at least. Because of this, we think that Jospeh can afford this high risk loan of $102000.

7 Months in the Past, Jospeh Attempted Finding a High Risk Loan for $45,000.00, but They Didn’t Find What They were Expecting

It is an ongoing struggle for clients to find high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Jospeh. Jospeh chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit clients. Clients with credit ratings as low as 316 can apply for a high risk loan and possibly can be accepted.

Conclusion of Jospeh’s high risk loan

In the end, Jospeh was able to find a high risk loan for $102000 with an interest rate of 9.8% interest APR from Associated Bank in Chicago, Illinois repayable over 16 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.