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$48000 Direct Loan In Teutopolis Illinois With Credit Score 595 For Gita

$48000 Direct Loan – Teutopolis Illinois, Credit Rating Of 595

  • Experian: 607 – This individual had a fair Experian rating
  • Transunion: 583 – Gita had a fair credit score with Transunion.
  • Equifax: Gita’s Experian score was 595, which is a fair credit score on the Experian rating scheme.

When Gita was 22, they attempted to obtain a student loan from 4 alternate banks, which damaged their credit score. Below is a chronology of Gita’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $31,000.00 on February 12, 2013
  • Attempt 2) Loan for $22,000.00 on May 18, 2011
  • Attempt 3) Loan for $28,000.00 on February 12, 2009
  • Attempt 4) Loan for $35,000.00 on December 3, 2009

7 Months Ago, Gita Attempted Finding a High Risk Loan for $41,000.00, and it was Hard

It is an existing struggle for clients to find high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Gita. Gita decided not to get a high risk loan this time. High Risk loans are given to terrible credit applicants. Borrowers with credit ratings as low as 433 can inquire for a high risk loan and have a chance to be approved.

Gita was not approved by Commerce Bank of Woodford County, National Association 5 times before being accepted by Teutopolis State Bank at 106 East Main Street

On December 15, 2012, Gita applied about borrowing $31,000 from First Chicago Bank of Oak Park with Malka, their friend from just outside Teutopolis, and even with the co-signer, Gita was rejected for this direct loan. With fair credit, it can be very hard to procure financing, even with collateral and a co-signer.

Client Profile: Gita Bellessa of Teutopolis, Illinois
  • Full name (Changed if requested): Gita Bellessa
  • Current Credit: loans.hit.utils.Fico@368102c8
  • Current City: Teutopolis
  • State: Illinois
  • Zip code: 62469
  • Yearly income: $59,000
  • Current Job: excavating machine operator
  • Current County: Effingham
  • Goal Yearly Income: $143,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

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

Fast loans in Teutopolis, Illinois aren’t actually that difficult to obtain, especially if you have some gumption like Gita. Gita was able to find a fast loan for $48000 from First Bank of Eureka and Citizens State Bank of Milford, but declined both offers in favor of their direct loan from Teutopolis 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 6 weeks for personal loans. Much better in the case that you are on the go.

Gita’s Overall FICO score at the time of acceptance for a direct loan, taking into account their excavating machine operator job and their future career as a dentist

Fico Score: 595

Previous requests on Gita’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$64570.00 4 8.1% $1579.38 The Gerber State Bank July 12, 2012
$65480.00 10 6.2% $733.56 The Belvidere National Bank and Trust Company July 13, 2014
$64790.00 10 5.7% $709.58 Commerce Bank May 18, 2015
$64680.00 6 10.3% $1208.06 Byron Bank June 21, 2015
$65130.00 4 11.1% $1686.48 Amalgamated Bank of Chicago August 12, 2015

Multiple other requests for credit have been made by Gita in the past, including one from First State Bank of Forsyth in Teutopolis, Illinois before Gita was accepted for the $48000 by Teutopolis State Bank

Gita made 7 previous attempts to obtain a direct loan, 2 of which were with First State Bank of Forsyth, a lender in Teutopolis, Illinois known to specialize in direct loans specifically. Before finding Teutopolis State Bank, Gita was very concerned due to their inexperience and fair credit rating.

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

Average debt consolidation loans vary from $27,000.00 to $48,000.00. They are normally used to pay off existing high interest loans like credit cards. Gita required a debt consolidation loan to pay for their existing direct loan and their loan shark loan. Gita was able to find a direct loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your bad, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.3%.

Contact Details for Teutopolis State Bank, the provider of this direct loan

  • Teutopolis State Bank
  • City: Teutopolis
  • State: Illinois
  • Address: 106 East Main Street
  • County: Effingham
  • Zip code: 62467

Paraphrased and Standardized Quote from Gita for this direct loan of $48000, provided by Teutopolis State Bank

Hello, I am Gita and I’m from Teutopolis in Illinois. Effingham, county is where I grew up, and now I need a direct loan in Illinois for $48000 to buy a big ticket item. It wasn’t easy, but Teutopolis State Bank really came through for me with this loan for 10.0% interest APR and a term of 16 years. I can probably repay the loan over the 16 year term, including interest. A big thanks to Teutopolis State Bank for giving me a chance and my fair credit. It look me 4 years to create my credit to 595, and I won’t harm it any more. I’m happy with Find Texas Loans for assisting me this far.

Before applying for this direct loan, Gita had an Experian score of 607, which is fair, so Teutopolis State Bank likely cannot provide Gita a direct loan

Experian Score: 607

Installment loan for Gita, a graduate of University of Iowa and an excavating machine operator working for over $73,000 per year

Gita, an alumnus at University of Iowa and an excavating machine operator in Teutopolis, Illinois needs a direct loan to purchase a house. Gita has instead chosen to obtain an installment loan for $2,000 and is currently seeking lenders like Harris Trust and Savings Bank to provide it.

Gita has a sad current total income, but has a large amount of prospects

Gita has always wanted to be a dentist, but would need attend University of Iowa again to become one. Gita has other possibilities as well, including chemistry professor, hotel convention/events coordinator, and petroleum laboratory assistant, which pay $54,000 through to $100,000 per year, at least. For this reason, we think that Gita can afford this direct loan of $48000.

Signature Loan easily acquired in Teutopolis, Illinois for $48000 with fair credit by Gita

Many prospective borrowers struggle with obtaining signature loans in Teutopolis, Illinois, and Gita is no exception. Gita went to 7 lending institutions or more before settling on Teutopolis State Bank, who offered Gita a signature loan for $48000. Typical signature loans simply need a client, like Gita’s signature to obtain them, up to $31,000 in some cases. Gita was able to get $48000 as a direct loan, which is very high for a direct loan. Since signature loans don’t need collateral, these loans tend to require higher credit, as high as 756

Personal Loan for an excavating machine operator named Gita in Teutopolis, Illinois to Pay Off Houston Astros BankAmericard Cash Rewards MasterCard

Gita had a lot of credit card debt on their Walmart Credit Card and their Lowe’s Consumer Credit Card, and they were starting to get in over their heads. Despite Gita’s job as an excavating machine operator, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Gita’s Transunion score was changed by the direct loan loan, changing to 583 from 595, which is normal in our experience.

Transunion Score: 583

Conclusion of Gita’s direct loan

In the end, Gita was able to find a direct loan for $48000 with an interest rate of 7.4% interest APR from Teutopolis State Bank in Teutopolis, 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.