$176000 Fast Loan – Columbus Georgia, Credit Score Of 461
- Experian: 477 – This client had a bad Experian score
- Transunion: 443 – Oscar had a bad credit score with Transunion.
- Equifax: Oscar’s Experian score was 461, which is a bad credit score using the Experian system.
Paraphrased and Standardized Quote from Oscar for this fast loan of $176000, provided by Home Federal Savings and Loan Association
Hello, I am Oscar and I am from Columbus in Georgia. Columbia, county is where I grew up, and now I need a fast loan in Georgia for $176000 to renovate my home. It has been difficult, but Home Federal Savings and Loan Association really came through for me with this loan for 10.5% interest APR and a term of 22 years. I can repay the loan over the 22 year term, including interest. A big thanks to Home Federal Savings and Loan Association for giving me a chance and my bad credit. It look me 9 years to create my credit to 461, and I won’t tarnish it any more. I am happy with Find Texas Loans for assisting me this far.
Oscar was not approved by 1st Community Bank 5 times prior to being granted funding by Home Federal Savings and Loan Association at 2221 Manchester Expressway
On December 4, 2010, Oscar applied about borrowing $1,000 from Bank of Madison with Pearline, their friend from just outside Columbus, and even with the co-signer, Oscar was rejected for this fast loan. With bad credit, it can be very hard to procure funding, even with collateral and a co-signer.
8 Months in the Past, Oscar Tried Finding a High Risk Loan for $39,000.00, but They Didn’t Find What They were Expecting
There is an existing struggle for borrowers to find high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Oscar. Oscar decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit borrowers. Clients with credit ratings as low as 514 can apply for a high risk loan and have a chance to be accepted.
- Full name (Changed if requested): Oscar Kozan
- Current Credit: loans.hit.utils.Fico@1e80bfe8
- Current City: Columbus
- State: Georgia
- Zip code: 31911
- Yearly income: $56,000
- Current Job: dry wall installer
- Current County: Columbia
- Goal Yearly Income: $84,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000
When Oscar was 20, they attempted to obtain a student loan from 4 alternate lenders, which harmed their credit rating. Below is a chronology of Oscar’s prior attempts at finding a student loan:
- Attempt 1) Loan for $22,000.00 on October 24, 2010
- Attempt 2) Loan for $37,000.00 on March 24, 2009
- Attempt 3) Loan for $29,000.00 on January 20, 2009
- Attempt 4) Loan for $20,000.00 on March 8, 2014
Debt Consolidation Can Help Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Average debt consolidation loans vary from $28,000.00 to $52,000.00. They are normally used to pay off existing high interest loans like credit cards. Oscar required a debt consolidation loan to pay for their existing fast loan and their credit card. Oscar was able to find a fast loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your less desirable, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 4.7%.
Before applying for this fast loan, Oscar had an Experian score of 477, which is bad, so Home Federal Savings and Loan Association probably cannot provide Oscar a fast loan
Multiple previous requests for credit have been made by Oscar in the past, including one from First Security Trust Bank, Inc. in Columbus, Georgia before Oscar was accepted for the $176000 by Home Federal Savings and Loan Association
Oscar made 5 prior attempts to obtain a fast loan, 2 of which were with First Security Trust Bank, Inc., a lender in Columbus, Georgia known to specialize in fast loans specifically. Before finding Home Federal Savings and Loan Association, Oscar was very concerned due to their inexperience and bad credit score.
Signature Loan found in Columbus, Georgia for $176000 with bad credit by Oscar
Most prospective borrowers struggle with finding signature loans in Columbus, Georgia, and Oscar is not an exception. Oscar went to 6 lending institutions or more before finding Home Federal Savings and Loan Association, who offered Oscar a signature loan for $176000. Most signature loans simply need a client, like Oscar’s signature to get them, up to $40,000 in some cases. Oscar was able to get $176000 as a fast loan, which is very high for a fast loan. Since signature loans do not require collateral, they tend to need improved credit, as high as 775
Oscar’s Transunion score was changed by the fast loan loan, changing to 443 from 461, which is typical in our experience.
Previous requests on Oscar’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$91390.00||10||8.8%||$1147.82||NationsBank of Florida, National Association||June 4, 2009|
|$91460.00||10||7.3%||$1076.12||Century Bank and Trust||January 2, 2010|
|$91260.00||8||11.1%||$1438.48||Bank of Madison||June 3, 2011|
|$90560.00||3||5.1%||$2718.23||Bank of Hazlehurst||June 21, 2012|
|$90530.00||11||5.4%||$911.07||The Citizens and Southern Bank of Dublin||October 20, 2013|
Oscar has a very low current total income, but has a high number of prospects
Oscar has always wanted to be a parking enforcement officer, but would need attend Argosy University – Orange County Campus again to become one. Oscar has other possibilities as well, including pathologist, artists agent, and park naturalist, which pay $56,000 through to $94,000 per year, on average. For this reason, we think that Oscar can afford this fast loan of $176000.
Contact Details for Home Federal Savings and Loan Association, the provider of this fast loan
- Home Federal Savings and Loan Association
- City: Columbus
- State: Georgia
- Address: 2221 Manchester Expressway
- County: Columbia
- Zip code: 31904
Personal Loan for a dry wall installer named Oscar in Columbus, Georgia to Pay Off American State Bank MasterCard
Oscar had a lot of credit card debt on their BancorpSouth Platinum Visa and their First National Bank American Express Card, and they were starting to get in over their heads. Despite Oscar’s job as a dry wall installer, they struggled to make payments on the $26,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Oscar’s Overall FICO score at the time of acceptance for a fast loan, taking into account their dry wall installer job and their future job as a parking enforcement officer
Fast Loans for Oscar in Columbus, Georgia to prevent bankruptcy or harm from debt collectors.
Fast loans in Columbus, Georgia aren’t actually that difficult to obtain, particularly if you have some finesse like Oscar. Oscar was able to find a fast loan for $176000 from The United Banking Company and 1st Community Bank, but turned down both offers in favor of their fast loan from Home Federal Savings and Loan Association. The improvement with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big improvement if you are on the go.
Installment loan for Oscar, a graduate of Argosy University – Orange County Campus and a dry wall installer working for over $71,000 per year
Oscar, an alumnus at Argosy University – Orange County Campus and a dry wall installer in Columbus, Georgia wants a fast loan to purchase a new cell phone. Oscar has instead chosen to get an installment loan for $7,000 and is currently seeking lenders like Habersham Bank to process their request.
Conclusion of Oscar’s fast loan
In the end, Oscar was able to find a fast loan for $176000 with an interest rate of 11.1% interest APR from Home Federal Savings and Loan Association in Columbus, Georgia repayable over 22 years from now.