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Consolidation Loan For $14000 Near 60632, Illinois With A Credit Score Of 338

$14000 Consolidation Loan – Chicago Illinois, Credit Rating Of 338

  • Experian: 350 – This client had a terrible Experian score
  • Transunion: 323 – Frederic had a terrible credit score with Transunion.
  • Equifax: Frederic’s Experian score was 338, which is a terrible credit score on the Experian system.
Client Profile: Frederic Pietrzykowski of Chicago, Illinois
  • Full name (Changed if requested): Frederic Pietrzykowski
  • Current Credit: loans.hit.utils.Fico@5910e440
  • Current City: Chicago
  • State: Illinois
  • Zip code: 60639
  • Yearly income: $30,000
  • Current Job: airfield operations specialist
  • Current County: Cook
  • Goal Yearly Income: $94,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Many previous requests for credit have been made by Frederic in the past, including one from Metro Bank in Chicago, Illinois before Frederic was accepted for the $14000 by PNA Bank

Frederic made 6 previous attempts to obtain a consolidation loan, 2 of which were with Metro Bank, a bank in Chicago, Illinois known to specialize in consolidation loans specifically. Prior to finding PNA Bank, Frederic was very concerned due to their inexperience and terrible credit rating.

Contact Details for PNA Bank, the provider of this consolidation loan

  • PNA Bank
  • City: Chicago
  • State: Illinois
  • Address: 4800 South Pulaski Road
  • County: Cook
  • Zip code: 60632

When Frederic was 23, they attempted to obtain a student loan from 4 different banks, which damaged their credit score. Below is a chronology of Frederic’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $28,000.00 on October 28, 2011
  • Attempt 2) Loan for $30,000.00 on November 5, 2008
  • Attempt 3) Loan for $31,000.00 on November 16, 2009
  • Attempt 4) Loan for $20,000.00 on April 8, 2012

Personal Loan for an airfield operations specialist named Frederic in Chicago, Illinois to Pay Off PNC Points Visa Business Credit Card

Frederic had a lot of credit card debt on their Sandy Spring Bank Visa Buxx and their Agriculture Federal Credit Union Visa Platinum, and they were starting to get in over their heads. Despite Frederic’s job as an airfield operations specialist, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Frederic’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their airfield operations specialist job and their future career as a medical technologist

Fico Score: 338

Paraphrased and Standardized Quote from Frederic for this consolidation loan of $14000, provided by PNA Bank

Hello, I am Frederic and my hometown is Chicago in Illinois. Cook, county is where I grew up, and now I need a consolidation loan in Illinois for $14000 to buy a big ticket item. It wasn’t easy, but PNA Bank really came through for me with this loan for 5.6% interest APR and a term of 3 years. I will repay the loan over the 3 year term, including interest. A big thanks to PNA Bank for giving me a chance and my terrible credit. It look me 4 years to create my credit to 338, and I won’t harm it any future. I’m happy with Find Texas Loans for assisting me this far.

Before applying for this consolidation loan, Frederic had an Experian score of 350, which is terrible, so PNA Bank likely cannot provide Frederic a consolidation loan

Experian Score: 350

7 Months Ago, Frederic Attempted to Find a High Risk Loan for $32,000.00, and it was Hard

There is an well known struggle for clients to get high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Frederic. Frederic chose not to obtain a high risk loan this time. High Risk loans are given to very low credit clients. Borrowers with credit scores as low as 575 can apply for a high risk loan and may be be approved.

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

Normal debt consolidation loans vary from $24,000.00 to $42,000.00. They are typically used to pay off existing high interest loans like credit cards. Frederic required a debt consolidation loan to pay for their existing consolidation loan and their credit card. Frederic was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which transfers your dirty, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 4.8%.

Frederic has a sad current yearly income, but has a high number of prospects

Frederic has always wanted to be a medical technologist, but would need attend University of North Carolina at Chapel Hill again to become one. Frederic has other prospects as well, including printmaker, dairy technologist, and sales floor stock clerk, which pay $51,000 through to $91,000 per year, at least. Because of this, we think that Frederic can afford this consolidation loan of $14000.

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

Fast loans in Chicago, Illinois aren’t actually that difficult to obtain, especially if you have some finesse like Frederic. Frederic was able to find a fast loan for $14000 from Uptown National Bank of Chicago and The National Republic Bank of Chicago, but turned down both offers in favor of their consolidation loan from PNA Bank. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. An improvement in the case that you are on the go.

Frederic’s Transunion score was changed by the consolidation loan loan, changing to 323 from 338, which is typical in our experience.

Transunion Score: 323

Previous requests on Frederic’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$75360.00 3 8.2% $2368.47 The Gerber State Bank August 24, 2012
$74820.00 3 9.7% $2403.71 The Belvidere National Bank and Trust Company July 7, 2013
$75170.00 11 6.5% $798.59 Commerce Bank October 19, 2013
$74800.00 7 9.2% $1211.07 Byron Bank October 7, 2014
$75420.00 8 7.4% $1043.33 Amalgamated Bank of Chicago March 17, 2015

Frederic was not approved by Mercantile National Bank of Chicago 7 times prior to being accepted by PNA Bank at 4800 South Pulaski Road

On May 8, 2013, Frederic applied about borrowing $40,000 from Upper Avenue Bank with Jolyn, their in law from just outside Chicago, and even with the co-signer, Frederic was rejected for this consolidation loan. With terrible credit, it can be very hard to procure financing, even with collateral and a co-signer.

Signature Loan found in Chicago, Illinois for $14000 with terrible credit by Frederic

Most prospective borrowers have difficulty with obtaining signature loans in Chicago, Illinois, and Frederic is the same. Frederic went to 8 lending institutions or more prior to finding PNA Bank, who offered Frederic a signature loan for $14000. Most signature loans simply require a client, like Frederic’s signature to obtain them, up to $34,000 in some cases. Frederic was able to get $14000 as a consolidation loan, which is very high for a consolidation loan. Since signature loans do not require collateral, these loans generally need higher credit, as high as 773

Installment loan for Frederic, a graduate of University of North Carolina at Chapel Hill and an airfield operations specialist working for over $60,000 per year

Frederic, an alumnus at University of North Carolina at Chapel Hill and an airfield operations specialist in Chicago, Illinois wants a consolidation loan to purchase something frivolous. Frederic has instead decided to obtain an installment loan for $6,000 and is currently seeking lenders like Amalgamated Bank of Chicago to provide it.

Conclusion of Frederic’s consolidation loan

In the end, Frederic was able to find a consolidation loan for $14000 with an interest rate of 9.5% interest APR from PNA Bank in Chicago, 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.