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Efrain Anway’s Quick Loan For 26000 Dollars In Lincoln Illinois

$26000 Quick Loan – Lincoln Illinois, Credit Rating Of 589

  • Experian: 608 – The client had a fair Experian score
  • Transunion: 574 – Efrain had a fair credit rating with Transunion.
  • Equifax: Efrain’s Experian score was 589, which is a fair credit score with the Experian system.

Contact Details for Logan County Bank, the provider of this quick loan

  • Logan County Bank
  • City: Lincoln
  • State: Illinois
  • Address: 303 Pulaski Street
  • County: Logan
  • Zip code: 62656

Several past requests for credit have been made by Efrain in the past, including one from First Federal Savings and Loan Association in Lincoln, Illinois before Efrain was accepted for the $26000 by Logan County Bank

Efrain made 7 previous attempts to obtain a quick loan, 2 of which were with First Federal Savings and Loan Association, a lender in Lincoln, Illinois known to specialize in quick loans specifically. Before finding Logan County Bank, Efrain was very concerned due to their inexperience and fair credit score.

Fast Loans for Efrain in Lincoln, Illinois to prevent bankruptcy or harm from debt collectors.

Fast loans in Lincoln, Illinois aren’t actually that difficult to obtain, particularly if you have some finesse like Efrain. Efrain was able to find a fast loan for $26000 from First Bank of Eureka and Community Banks of Shelby County, but declined both offers in favor of their quick loan from Logan County Bank. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. A big improvement if a client is in a time sensitive situation.

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

Most debt consolidation loans range from $28,000.00 to $59,000.00. They are mainly used to pay off existing high interest loans like credit cards. Efrain needed a debt consolidation loan to pay for their existing quick loan and their credit card. Efrain was able to find a quick loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which converts your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.2%.

Installment loan for Efrain, a graduate of Goshen College and a biology professor working for over $61,000 per year

Efrain, an alumnus at Goshen College and a biology professor in Lincoln, Illinois needs a quick loan to purchase a car. Efrain has instead decided to obtain an installment loan for $2,000 and is at present seeking lenders like The Gerber State Bank to process their request.

Personal Loan for a biology professor named Efrain in Lincoln, Illinois to Pay Off Avenue Preferred Credit Card

Efrain had a tonne of credit card debt on their New York Community Bank Visa Signature Card with Maximum Rewards and their Amalgamated Bank MasterCard Gold Plus, and they were starting to get in over their heads. Despite Efrain’s job as a biology professor, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Efrain’s Overall FICO score at the time of acceptance for a quick loan, taking into account their biology professor job and their future career as a securities broker

Fico Score: 589

Client Profile: Efrain Anway of Lincoln, Illinois
  • Full name (Changed if requested): Efrain Anway
  • Current Credit: loans.hit.utils.Fico@2cdf8d8a
  • Current City: Lincoln
  • State: Illinois
  • Zip code: 62665
  • Yearly income: $61,000
  • Current Job: biology professor
  • Current County: Logan
  • Goal Yearly Income: $114,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

8 Months Ago, Efrain Tried to Find a High Risk Loan for $41,000.00, but They Didn’t Find What They were Expecting

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 similar lenders, which can be scary to borrowers like Efrain. Efrain chose not to obtain a high risk loan this time. High Risk loans are given to bad credit applicants. Individuals with credit scores as low as 342 can apply for a high risk loan and may be be accepted.

Previous requests on Efrain’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$23110.00 3 6.1% $704.1 The Gerber State Bank March 27, 2009
$23270.00 4 11.4% $605.96 The Belvidere National Bank and Trust Company December 9, 2010
$22620.00 6 7.2% $387.82 Commerce Bank November 11, 2011
$22600.00 7 7.8% $350.0 Byron Bank March 14, 2012
$23420.00 8 10.1% $356.62 Amalgamated Bank of Chicago May 20, 2012

Paraphrased and Standardized Quote from Efrain for this quick loan of $26000, provided by Logan County Bank

Hello, I am Efrain and I am from Lincoln in Illinois. Logan, county is where I grew up, and now I need a quick loan in Illinois for $26000 to renovate my home. It wasn’t easy, but Logan County Bank really came through for me with this loan for 7.6% interest APR and a term of 18 years. I will repay the loan over the 18 year term, including interest. A big thanks to Logan County Bank for trusting me and my fair credit. It look me 6 years to create my credit to 589, and I won’t harm it any more. I am pleased with Find Texas Loans for assisting me this far.

Before applying for this quick loan, Efrain had an Experian score of 608, which is fair, so Logan County Bank most likely cannot provide Efrain a quick loan

Experian Score: 608

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

Efrain has always wanted to be a securities broker, but would have to attend Goshen College again to achieve it. Efrain has other possibilities as well, including legal secretary, insurance claims adjuster, and park naturalist, which pay $50,000 through to $109,000 per year, at least. Because of this, we believe that Efrain can afford this quick loan of $26000.

When Efrain was 19, they attempted to obtain a student loan from 4 different banks, which damaged their credit score. Below is a list of Efrain’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $31,000.00 on November 15, 2012
  • Attempt 2) Loan for $33,000.00 on August 4, 2010
  • Attempt 3) Loan for $20,000.00 on May 26, 2009
  • Attempt 4) Loan for $28,000.00 on July 3, 2010

Signature Loan easily acquired in Lincoln, Illinois for $26000 with fair credit by Efrain

A lot of borrowers have difficulty with obtaining signature loans in Lincoln, Illinois, and Efrain is no different. Efrain went to 7 lenders or more before settling on Logan County Bank, who offered Efrain a signature loan for $26000. Most signature loans simply need a client, like Efrain’s signature to obtain them, up to $48,000 in some cases. Efrain was able to get $26000 as a quick loan, which is very high for a quick loan. Since signature loans do not require collateral, they generally require improved credit, as high as 719

Efrain was rejected by Citizens State Bank of Milford 7 times before being granted funding by Logan County Bank at 303 Pulaski Street

On January 8, 2012, Efrain inquired about borrowing $7,000 from Old Kent Bank with Cesar, their in law from just outside Lincoln, and even with the co-signer, Efrain was rejected for this quick loan. With fair credit, it can be challenging to procure financing, even with collateral and a co-signer.

Efrain’s Transunion score was changed by the quick loan loan, changing to 574 from 589, which is typical in our experience.

Transunion Score: 574

Conclusion of Efrain’s quick loan

In the end, Efrain was able to find a quick loan for $26000 with an interest rate of 8.1% interest APR from Logan County Bank in Lincoln, Illinois repayable over 18 years from now.

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.