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Mortgage Of $126000 For Excellent Credit Illinois Resident

$126000 Mortgage – Argenta Illinois, Credit Rating Of 840

  • Experian: 850 – They had an excellent Experian score
  • Transunion: 825 – Kaylene had an excellent credit rating with Transunion.
  • Equifax: Kaylene’s Experian score was 840, which is an excellent credit score using the Experian scale.

Kaylene’s Overall FICO score at the time of acceptance for a mortgage, taking into account their fire prevention engineer job and their future job as a family practitioner

Fico Score: 840

Installment loan for Kaylene, a graduate of McKendree University and a fire prevention engineer working for over $75,000 per year

Kaylene, an alumnus at McKendree University and a fire prevention engineer in Argenta, Illinois wants a mortgage to purchase something frivolous. Kaylene has instead chosen to obtain an installment loan for $1,000 and is currently seeking lenders like Farmers & Mechanics Bank to provide it.

Contact Details for The Gerber State Bank, the provider of this mortgage

  • The Gerber State Bank
  • City: Argenta
  • State: Illinois
  • Address: 110 East Elm Street
  • County: Macon
  • Zip code: 62501

Kaylene’s Transunion score was altered by the mortgage loan, changing to 825 from 840, which is normal in our experience.

Transunion Score: 825

Client Profile: Kaylene Viniegra of Argenta, Illinois
  • Full name (Changed if requested): Kaylene Viniegra
  • Current Credit: loans.hit.utils.Fico@52cc8049
  • Current City: Argenta
  • State: Illinois
  • Zip code: 62510
  • Yearly income: $34,000
  • Current Job: fire prevention engineer
  • Current County: Macon
  • Goal Yearly Income: $81,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Before applying for this mortgage, Kaylene had an Experian score of 850, which is excellent, so The Gerber State Bank most likely cannot provide Kaylene a mortgage

Experian Score: 850

Kaylene was not approved by Harris Trust and Savings Bank 4 times before being accepted by The Gerber State Bank at 110 East Elm Street

On February 1, 2010, Kaylene inquired about borrowing $8,000 from State Bank of Niantic with Antonietta, their friend from just outside Argenta, and even with the co-signer, Kaylene was rejected for this mortgage. With excellent credit, it can be challenging to obtain funding, even with collateral and a co-signer.

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

Fast loans in Argenta, Illinois aren’t actually that difficult to obtain, especially if you have some finesse like Kaylene. Kaylene was able to find a fast loan for $126000 from Peoples National Bank of Kewanee and Amalgamated Bank of Chicago, but declined both offers in favor of their mortgage from The Gerber State Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. An improvement in the case that you are in a pinch.

6 Months in the Past, Kaylene Tried Finding a High Risk Loan for $41,000.00, but They Didn’t Find What They were Expecting

There is an well known struggle for clients to find high risk loans in a non-harmful way. a lot of high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Kaylene. Kaylene chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit borrowers. Clients with credit scores as low as 300 can apply for a high risk loan and have a chance to be accepted.

Personal Loan for a fire prevention engineer named Kaylene in Argenta, Illinois to Pay Off Shell Small Business Card

Kaylene had a lot of credit card debt on their Sleep Number Credit Card and their Lanpass Visa Card, and they were starting to get in over their heads. Despite Kaylene’s job as a fire prevention engineer, they struggled to make payments on the $29,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans range from $31,000.00 to $51,000.00. They are normally used to pay off existing high interest loans like credit cards. Kaylene needed a debt consolidation loan to pay for their existing mortgage and their loan shark loan. Kaylene was able to find a mortgage in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which transfers your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 3.3%.

Signature Loan acquired in Argenta, Illinois for $126000 with excellent credit by Kaylene

Many borrowers struggle with obtaining signature loans in Argenta, Illinois, and Kaylene is the same. Kaylene went to 8 lenders or more before settling on The Gerber State Bank, who offered Kaylene a signature loan for $126000. Most signature loans simply require a client, like Kaylene’s signature to get them, up to $43,000 in some cases. Kaylene was able to get $126000 as a mortgage, which is very high for a mortgage. Because signature loans do not need collateral, they generally require better credit, as high as 770

When Kaylene was 20, they tried to obtain a student loan from 4 different lenders, which harmed their credit score. Below is a list of Kaylene’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $22,000.00 on July 5, 2011
  • Attempt 2) Loan for $22,000.00 on June 15, 2009
  • Attempt 3) Loan for $38,000.00 on September 4, 2009
  • Attempt 4) Loan for $20,000.00 on January 6, 2012

Paraphrased and Standardized Quote from Kaylene for this mortgage of $126000, provided by The Gerber State Bank

Hello, I am Kaylene and I am from Argenta in Illinois. Macon, county is where I grew up, and now I need a mortgage in Illinois for $126000 to buy a big ticket item. It wasn’t easy, but The Gerber State Bank really came through for me with this loan for 10.5% interest APR and a term of 3 years. I can repay the loan over the 3 year term, including interest. A big thanks to The Gerber State Bank for giving me a chance and my excellent credit. It look me 5 years to create my credit to 840, and I won’t harm it any more. I’m happy with Find Texas Loans for assisting me this far.

Previous requests on Kaylene’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$29700.00 7 7.1% $449.71 The Gerber State Bank November 6, 2013
$30340.00 8 11.2% $479.87 The Belvidere National Bank and Trust Company August 20, 2014
$29650.00 3 9.8% $953.94 Commerce Bank October 21, 2014
$30150.00 5 7.6% $605.58 Byron Bank May 21, 2015
$30410.00 6 11.2% $581.95 Amalgamated Bank of Chicago July 11, 2015

Several previous requests for credit have been made by Kaylene in the past, including one from The Provident Savings and Loan Association in Argenta, Illinois before Kaylene was approved for the $126000 by The Gerber State Bank

Kaylene made 9 previous tries to obtain a mortgage, 2 of which were with The Provident Savings and Loan Association, a bank in Argenta, Illinois known to specialize in mortgages specifically. Before finding The Gerber State Bank, Kaylene was very concerned due to their inexperience and excellent credit score.

Kaylene has a sad current gross income, but has a large amount of prospects

Kaylene has always wanted to be a family practitioner, but would have to attend McKendree University again to become one. Kaylene has other possibilities as well, including model makers, residence counselor, and library consultant, which pay $53,000 through to $93,000 per year, on average. For this reason, we believe that Kaylene can afford this mortgage of $126000.

Conclusion of Kaylene’s mortgage

In the end, Kaylene was able to find a mortgage for $126000 with an interest rate of 9.3% interest APR from The Gerber State Bank in Argenta, Illinois repayable over 3 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.