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Jerome Wanted A Personal Loan For $20000, Bartonville, Illinois

$20000 Personal Loan – Bartonville Illinois, Credit Score Of 550

  • Experian: 567 – The client had a fair Experian score
  • Transunion: 534 – Jerome had a fair credit rating with Transunion.
  • Equifax: Jerome’s Experian score was 550, which is a fair credit rating using the Experian scale.

8 Months in the Past, Jerome Tried Finding a High Risk Loan for $27,000.00, and it was Easy

It is an existing struggle for borrowers to get high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Jerome. Jerome decided not to obtain a high risk loan this time. High Risk loans are given to terrible credit borrowers. Clients with credit ratings as low as 464 can inquire for a high risk loan and have a chance to be approved.

Jerome has a sad current gross income, but has a high number of prospects

Jerome has always wanted to be an employee training instructor, but would need attend Richland Community College again to achieve it. Jerome has other prospects as well, including industrial-organizational psychologist, patent agent, and middle school administrator, which pay $58,000 through to $102,000 per year, at least. For this reason, we think that Jerome can pay for this personal loan of $20000.

Client Profile: Jerome Lisman of Bartonville, Illinois
  • Full name (Changed if requested): Jerome Lisman
  • Current Credit: loans.hit.utils.Fico@cc34f4d
  • Current City: Bartonville
  • State: Illinois
  • Zip code: 61615
  • Yearly income: $55,000
  • Current Job: political scientist
  • Current County: Peoria
  • Goal Yearly Income: $92,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Contact Details for Bartonville Bank, the provider of this personal loan

  • Bartonville Bank
  • City: Bartonville
  • State: Illinois
  • Address: 5600 South Adams Street
  • County: Peoria
  • Zip code: 61607

Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $39,000.00 to $44,000.00. They are mainly used to pay off existing high interest loans like credit cards. Jerome required a debt consolidation loan to pay for their existing personal loan and their payday loan. Jerome was able to find a personal loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which changes your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 2.2%.

Jerome’s Transunion score was changed by the personal loan loan, changing to 534 from 550, which is typical in our experience.

Transunion Score: 534

Jerome’s Overall FICO score at the time of acceptance for a personal loan, taking into account their political scientist job and their future career as an employee training instructor

Fico Score: 550

Personal Loan for a political scientist named Jerome in Bartonville, Illinois to Pay Off Harvard Alumni Association World MasterCard

Jerome had a lot of credit card debt on their SMFCU Visa Platinum Rewards Smith Barney Citi PremierPass Card and their Goodyear Credit Card, and they were starting to get in over their heads. Despite Jerome’s job as a political scientist, they struggled to make payments on the $20,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Signature Loan acquired in Bartonville, Illinois for $20000 with fair credit by Jerome

A lot of borrowers struggle with obtaining signature loans in Bartonville, Illinois, and Jerome is not an exception. Jerome went to 7 lenders or more before finding Bartonville Bank, who offered Jerome a signature loan for $20000. Typical signature loans simply require a client, like Jerome’s signature to obtain them, up to $35,000 in some cases. Jerome was able to get $20000 as a personal loan, which is very high for a personal loan. Because signature loans do not need a cosigner, they generally require improved credit, as high as 772

Jerome was declined by Lake Shore National Bank 6 times prior to being granted funding by Bartonville Bank at 5600 South Adams Street

On February 26, 2010, Jerome inquired about borrowing $9,000 from Old Kent Bank with Leana, their in law from just outside Bartonville, and even with the co-signer, Jerome was rejected for this personal loan. With fair credit, it can be challenging to procure financing, even with collateral and a co-signer.

Before applying for this personal loan, Jerome had an Experian score of 567, which is fair, so Bartonville Bank most likely cannot provide Jerome a personal loan

Experian Score: 567

Installment loan for Jerome, a graduate of Richland Community College and a political scientist working for over $73,000 per year

Jerome, an alumnus at Richland Community College and a political scientist in Bartonville, Illinois needs a personal loan to purchase a house. Jerome has instead chosen to get an installment loan for $26,000 and is at present seeking lenders like The National Republic Bank of Chicago to process their request.

Paraphrased and Standardized Quote from Jerome for this personal loan of $20000, provided by Bartonville Bank

Hi, I am Jerome and my hometown is Bartonville in Illinois. Peoria, county is where I grew up, and now I need a personal loan in Illinois for $20000 to avoid bankruptcy. It wasn’t easy, but Bartonville Bank really came through for me with this loan for 10.1% interest APR and a term of 7 years. I will repay the loan over the 7 year term, including interest. A big thanks to Bartonville Bank for giving me a chance and my fair credit. It look me 7 years to build my credit to 550, and I won’t tarnish it any more. I am happy with Find Texas Loans for assisting me this far.

When Jerome was 18, they tried to obtain a student loan from 7 alternate lenders, which harmed their credit score. Below is a chronology of Jerome’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $36,000.00 on September 10, 2010
  • Attempt 2) Loan for $33,000.00 on August 13, 2010
  • Attempt 3) Loan for $22,000.00 on April 23, 2009
  • Attempt 4) Loan for $37,000.00 on September 23, 2011
  • Attempt 5) Loan for $28,000.00 on January 11, 2012
  • Attempt 6) Loan for $22,000.00 on December 27, 2012
  • Attempt 7) Loan for $21,000.00 on April 13, 2012

Many past requests for credit have been made by Jerome in the past, including one from The First National Bank of Lake Bluff in Bartonville, Illinois before Jerome was accepted for the $20000 by Bartonville Bank

Jerome made 9 previous attempts to obtain a personal loan, 2 of which were with The First National Bank of Lake Bluff, a bank in Bartonville, Illinois known to specialize in personal loans specifically. Prior to finding Bartonville Bank, Jerome was concerned due to their inexperience and fair credit score.

Fast Loans for Jerome in Bartonville, Illinois to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Bartonville, Illinois aren’t actually that difficult to obtain, particularly if you have some finesse like Jerome. Jerome was able to find a fast loan for $20000 from The Gerber State Bank and Mercantile National Bank of Chicago, but declined both offers in favor of their personal loan from Bartonville Bank. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. An improvement if you are on the go.

Previous requests on Jerome’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$19110.00 5 11.4% $419.32 The Gerber State Bank March 7, 2009
$19290.00 3 6.7% $592.98 The Belvidere National Bank and Trust Company May 10, 2009
$19150.00 6 9.1% $346.14 Commerce Bank January 12, 2012
$19250.00 10 8.2% $235.59 Byron Bank October 4, 2012

Conclusion of Jerome’s personal loan

In the end, Jerome was able to find a personal loan for $20000 with an interest rate of 11.8% interest APR from Bartonville Bank in Bartonville, Illinois repayable over 7 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.