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Consolidation Loan For $57000 Near 60459, Illinois With A Credit Score Of 496

$57000 Consolidation Loan – Burbank Illinois, Credit Score Of 496

  • Experian: 511 – The client had a bad Experian score
  • Transunion: 484 – Siu had a bad credit score with Transunion.
  • Equifax: Siu’s Experian score was 496, which is a bad credit rating with the Experian rating scheme.

Siu’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their copy writer job and their future job as a painters

Fico Score: 496

Siu was rejected by The Gerber State Bank 5 times before being granted funding by First Colonial Bank Southwest at 5440 West 87th Street

On May 14, 2011, Siu inquired about borrowing $43,000 from Greatbank Chicago with Brandee, their in law from just outside Burbank, and even with the co-signer, Siu was rejected for this consolidation loan. With bad credit, it can be very hard to procure funding, even with collateral and a co-signer.

Contact Details for First Colonial Bank Southwest, the provider of this consolidation loan

  • First Colonial Bank Southwest
  • City: Burbank
  • State: Illinois
  • Address: 5440 West 87th Street
  • County: Cook
  • Zip code: 60459

Fast Loans for Siu in Burbank, Illinois to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Burbank, Illinois aren’t actually that difficult to obtain, especially if you have some gumption like Siu. Siu was able to find a fast loan for $57000 from Merchandise National Bank of Chicago and The Northern Trust Company, but turned down both offers in favor of their consolidation loan from First Colonial Bank Southwest. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. Much better if you are in a time sensitive situation.

Client Profile: Siu Swicegood of Burbank, Illinois
  • Full name (Changed if requested): Siu Swicegood
  • Current Credit: loans.hit.utils.Fico@31221be2
  • Current City: Burbank
  • State: Illinois
  • Zip code: 60461
  • Yearly income: $62,000
  • Current Job: copy writer
  • Current County: Cook
  • Goal Yearly Income: $123,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Paraphrased and Standardized Quote from Siu for this consolidation loan of $57000, provided by First Colonial Bank Southwest

Hi, I am Siu and my hometown is Burbank in Illinois. Cook, county is where I grew up, and now I need a consolidation loan in Illinois for $57000 to renovate my home. It has been difficult, but First Colonial Bank Southwest really came through for me with this loan for 6.3% interest APR and a term of 23 years. I can repay the loan over the 23 year term, including interest. A big thanks to First Colonial Bank Southwest for giving me a chance and my bad credit. It look me 6 years to build my credit to 496, and I won’t tarnish it any future. I’m happy with Find Texas Loans for assisting me this far.

Before applying for this consolidation loan, Siu had an Experian score of 511, which is bad, so First Colonial Bank Southwest most likely cannot provide Siu a consolidation loan

Experian Score: 511

Personal Loan for a copy writer named Siu in Burbank, Illinois to Pay Off Lexus Pursuits Visa Signature Credit Card

Siu had a lot of credit card debt on their Plum Card and their Kidney Cancer Association Visa Platinum Rewards Card, and they were starting to get in over their heads. Despite Siu’s job as a copy writer, they struggled to make payments on the $26,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Multiple past requests for credit have been made by Siu in the past, including one from Kewanee National Bank in Burbank, Illinois before Siu was accepted for the $57000 by First Colonial Bank Southwest

Siu made 9 previous attempts to obtain a consolidation loan, 2 of which were with Kewanee National Bank, a bank in Burbank, Illinois known to specialize in consolidation loans specifically. Before finding First Colonial Bank Southwest, Siu was very concerned due to their inexperience and bad credit score.

When Siu was 19, they tried to obtain a student loan from 4 different banks, which harmed their credit rating. Below is a chronology of Siu’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $28,000.00 on October 6, 2012
  • Attempt 2) Loan for $28,000.00 on November 24, 2012
  • Attempt 3) Loan for $25,000.00 on September 6, 2011
  • Attempt 4) Loan for $38,000.00 on January 17, 2012

Installment loan for Siu, a graduate of Saint Mary’s University of Minnesota and a copy writer working for over $63,000 per year

Siu, an alumnus at Saint Mary’s University of Minnesota and a copy writer in Burbank, Illinois needs a consolidation loan to purchase a house. Siu has instead decided to get an installment loan for $3,000 and is currently seeking lenders like First Chicago Bank of Oak Park to process their request.

Signature Loan acquired in Burbank, Illinois for $57000 with bad credit by Siu

A lot of clients have difficulty with finding signature loans in Burbank, Illinois, and Siu is not an exception. Siu went to 5 lenders or more before settling on First Colonial Bank Southwest, who offered Siu a signature loan for $57000. Typical signature loans simply need a client, like Siu’s signature to obtain them, up to $35,000 in some cases. Siu was able to get $57000 as a consolidation loan, which is very high for a consolidation loan. Because signature loans do not require collateral, these loans generally require improved credit, as high as 783

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $36,000.00 to $48,000.00. They are mainly used to pay off existing high interest loans like credit cards. Siu required a debt consolidation loan to pay for their existing consolidation loan and their credit card. Siu was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which changes your dirty, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.5%.

Siu’s Transunion score was changed by the consolidation loan loan, changing to 484 from 496, which is typical in our experience.

Transunion Score: 484

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

Siu has always wanted to be a painters, but would need attend Saint Mary’s University of Minnesota again to become one. Siu has other prospects as well, including set designer, radio & tv program director, and petroleum engineer, which pay $51,000 through to $109,000 per year, at least. Because of this, we believe that Siu can pay for this consolidation loan of $57000.

9 Months in the Past, Siu Tried to Find a High Risk Loan for $34,000.00, but They Didn’t Find What They were Expecting

There is an existing struggle for borrowers to get high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Siu. Siu chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit clients. Individuals with credit ratings as low as 536 can apply for a high risk loan and may be be approved.

Previous requests on Siu’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$111420.00 11 11.5% $1491.19 The Gerber State Bank November 16, 2009
$111420.00 7 6.7% $1665.33 The Belvidere National Bank and Trust Company May 23, 2010
$110590.00 9 7.7% $1422.6 Commerce Bank November 26, 2010
$111440.00 6 11.6% $2155.56 Byron Bank December 29, 2011

Conclusion of Siu’s consolidation loan

In the end, Siu was able to find a consolidation loan for $57000 with an interest rate of 11.5% interest APR from First Colonial Bank Southwest in Burbank, Illinois 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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