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$18000 Student Loan In Birmingham Alabama With Credit Score 705 For Chantel

$18000 Student Loan – Birmingham Alabama, Credit Score Of 705

  • Experian: 719 – They had a good Experian rating
  • Transunion: 693 – Chantel had a good credit score with Transunion.
  • Equifax: Chantel’s Experian score was 705, which is a good credit score on the Experian rating scheme.

Previous requests on Chantel’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$139560.00 3 8.2% $4386.19 AuburnBank January 2, 2013
$139750.00 6 6.5% $2349.19 Bank of the South July 26, 2013
$139770.00 3 10.7% $4556.06 Alabama City Bank of Gadsden, Alabama April 23, 2014
$139880.00 6 9.3% $2542.29 The Exchange Bank, Attalla, Alabama September 26, 2014
$139860.00 3 7.4% $4344.1 Robertson Banking Company May 23, 2015
Client Profile: Chantel Ambler of Birmingham, Alabama
  • Full name (Changed if requested): Chantel Ambler
  • Current Credit: loans.hit.utils.Fico@73c6c3b2
  • Current City: Birmingham
  • State: Alabama
  • Zip code: 35211
  • Yearly income: $66,000
  • Current Job: licensed practical nurse
  • Current County: Jefferson
  • Goal Yearly Income: $147,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

When Chantel was 20, they attempted to obtain a student loan from 5 different banks, which harmed their credit score. Below is a list of Chantel’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $28,000.00 on August 27, 2012
  • Attempt 2) Loan for $38,000.00 on September 10, 2012
  • Attempt 3) Loan for $24,000.00 on September 14, 2012
  • Attempt 4) Loan for $34,000.00 on March 1, 2009
  • Attempt 5) Loan for $25,000.00 on December 28, 2012

Installment loan for Chantel, a graduate of Empire Beauty School and a licensed practical nurse working for over $73,000 per year

Chantel, an alumnus at Empire Beauty School and a licensed practical nurse in Birmingham, Alabama wants a student loan to purchase a new cell phone. Chantel has instead chosen to obtain an installment loan for $11,000 and is currently seeking lenders like The Exchange Bank, Attalla, Alabama to provide it.

8 Months in the Past, Chantel Tried to Find a High Risk Loan for $47,000.00, and it was Hard

It is an existing struggle for borrowers to get high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Chantel. Chantel chose not to get a high risk loan this time. High Risk loans are given to bad credit individuals. Individuals with credit ratings as low as 549 can apply for a high risk loan and may be be approved.

Chantel’s Transunion score was altered by the student loan loan, changing to 693 from 705, which is typical in our experience.

Transunion Score: 693

Paraphrased and Standardized Quote from Chantel for this student loan of $18000, provided by City Federal Savings and Loan Association

Hello, I am Chantel and I am from Birmingham in Alabama. Jefferson, county is where I grew up, and now I need a student loan in Alabama for $18000 to buy a big ticket item. It wasn’t easy, but City Federal Savings and Loan Association really came through for me with this loan for 6.4% interest APR and a term of 23 years. I will repay the loan over the 23 year term, including interest. A big thanks to City Federal Savings and Loan Association for trusting me and my good credit. It look me 4 years to create my credit to 705, and I won’t tarnish it any future. I am pleased with Find Texas Loans for helping me this far.

Personal Loan for a licensed practical nurse named Chantel in Birmingham, Alabama to Pay Off First Hawaiian Bank United MileagePlus Business Credit Card

Chantel had a lot of credit card debt on their PacSun Credit Card and their Fifth Third Secured Card, and they were starting to get in over their heads. Despite Chantel’s job as a licensed practical nurse, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Chantel was rejected by Robertson Banking Company 5 times before being approved by City Federal Savings and Loan Association at 2030 Second Avenue North

On May 26, 2012, Chantel inquired about borrowing $22,000 from The Bank of Parrish with Sonja, their in law from just outside Birmingham, and even with the co-signer, Chantel was rejected for this student loan. With good credit, it can be a challenge to procure financing, even with collateral and a co-signer.

Fast Loans for Chantel in Birmingham, Alabama to prevent bankruptcy or harm from debt collectors.

Fast loans in Birmingham, Alabama aren’t actually that difficult to obtain, especially if you have some finesse like Chantel. Chantel was able to find a fast loan for $18000 from Merchants Bank of Alabama and The Bank of Arab, but declined both offers in favor of their student loan from City Federal Savings and Loan Association. 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 personal loans. A big improvement if you are in a time sensitive situation.

Debt Consolidation Can Assist Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Normal debt consolidation loans vary from $34,000.00 to $50,000.00. They are typically used to pay off existing high interest loans like credit cards. Chantel required a debt consolidation loan to pay for their existing student loan and their loan shark loan. Chantel was able to find a student loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which transfers your bad, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 3.0%.

Signature Loan easily acquired in Birmingham, Alabama for $18000 with good credit by Chantel

Most prospective borrowers struggle with finding signature loans in Birmingham, Alabama, and Chantel is no exception. Chantel went to 7 lenders or more before finding City Federal Savings and Loan Association, who offered Chantel a signature loan for $18000. Typical signature loans simply need a client, like Chantel’s signature to get them, up to $28,000 in some cases. Chantel was able to get $18000 as a student loan, which is very high for a student loan. Because signature loans don’t need collateral, these loans generally need higher credit, as high as 704

Contact Details for City Federal Savings and Loan Association, the provider of this student loan

  • City Federal Savings and Loan Association
  • City: Birmingham
  • State: Alabama
  • Address: 2030 Second Avenue North
  • County: Jefferson
  • Zip code: 35203

Before applying for this student loan, Chantel had an Experian score of 719, which is good, so City Federal Savings and Loan Association most likely cannot provide Chantel a student loan

Experian Score: 719

Chantel’s Overall FICO score at the time of acceptance for a student loan, taking into account their licensed practical nurse job and their future career as an automotive engineer

Fico Score: 705

Several previous requests for credit have been made by Chantel in the past, including one from Farmers and Merchants Bank in Birmingham, Alabama before Chantel was accepted for the $18000 by City Federal Savings and Loan Association

Chantel made 6 previous attempts to obtain a student loan, 2 of which were with Farmers and Merchants Bank, a lender in Birmingham, Alabama known to specialize in student loans specifically. Prior to finding City Federal Savings and Loan Association, Chantel was concerned due to their inexperience and good credit rating.

Chantel has a disappointing current total income, but has a high number of prospects

Chantel has always wanted to be an automotive engineer, but would need attend Empire Beauty School again to become one. Chantel has other prospects as well, including water pollution control inspector, dental hygienist, and vending machine mechanic, which pay $50,000 through to $93,000 per year, on average. Because of this, we believe that Chantel can afford this student loan of $18000.

Conclusion of Chantel’s student loan

In the end, Chantel was able to find a student loan for $18000 with an interest rate of 5.1% interest APR from City Federal Savings and Loan Association in Birmingham, Alabama repayable over 23 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.