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Darrell Needed A Student Loan For $74000, Cincinnati, Ohio

$74000 Student Loan – Cincinnati Ohio, Credit Rating Of 582

  • Experian: 596 – The client had a fair Experian score
  • Transunion: 569 – Darrell had a fair credit score with Transunion.
  • Equifax: Darrell’s Experian score was 582, which is a fair credit score using the Experian scale.

Darrell was not approved by Northwest Ohio Bank 7 times prior to being approved by Eagle Savings Association at 580 Walnut Street

On June 23, 2011, Darrell applied about borrowing $45,000 from JPMorgan Chase Bank, National Association with John, their in law from just outside Cincinnati, and even with the co-signer, Darrell was rejected for this student loan. With fair credit, it can be a challenge to obtain financing, even with collateral and a co-signer.

Darrell has a very low current gross income, but has several of prospects

Darrell has always wanted to be a retail sales department supervisor, but would have to attend Fort Hays State University again to achieve it. Darrell has other prospects as well, including elevator mechanic, community health nurse, and exhibit artist, which pay $58,000 through to $104,000 per year, at least. For this reason, we believe that Darrell can afford this student loan of $74000.

Paraphrased and Standardized Quote from Darrell for this student loan of $74000, provided by Eagle Savings Association

Hi, I am Darrell and I’m from Cincinnati in Ohio. Hamilton, county is where I grew up, and now I need a student loan in Ohio for $74000 to avoid bankruptcy. It has been difficult, but Eagle Savings Association really came through for me with this loan for 11.3% interest APR and a term of 24 years. I can probably repay the loan over the 24 year term, including interest. A big thanks to Eagle Savings Association for trusting me and my fair credit. It look me 6 years to build my credit to 582, and I won’t tarnish it any future. I’m happy with Find Texas Loans for assisting me this far.

Before applying for this student loan, Darrell had an Experian score of 596, which is fair, so Eagle Savings Association likely cannot provide Darrell a student loan

Experian Score: 596

Fast Loans for Darrell in Cincinnati, Ohio to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Cincinnati, Ohio aren’t actually that difficult to obtain, particularly if you have some gumption like Darrell. Darrell was able to find a fast loan for $74000 from JPMorgan Chase Bank, National Association and The Commercial Bank, but turned down both offers in favor of their student loan from Eagle Savings Association. The improvement with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. An improvement in the case that you are in a time sensitive situation.

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

Normal debt consolidation loans range from $35,000.00 to $47,000.00. They are normally used to pay off existing high interest loans like credit cards. Darrell needed a debt consolidation loan to pay for their existing student loan and their payday loan. Darrell was able to find a student loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 2.5%.

Signature Loan found in Cincinnati, Ohio for $74000 with fair credit by Darrell

Most borrowers have difficulty with finding signature loans in Cincinnati, Ohio, and Darrell is no different. Darrell went to 7 lenders or more prior to finding Eagle Savings Association, who offered Darrell a signature loan for $74000. Typical signature loans simply require a client, like Darrell’s signature to obtain them, up to $35,000 in some cases. Darrell was able to get $74000 as a student loan, which is very high for a student loan. Since signature loans do not require collateral, they tend to require higher credit, as high as 701

When Darrell was 23, they attempted to obtain a student loan from 6 alternate lenders, which harmed their credit rating. Below is a list of Darrell’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on June 3, 2010
  • Attempt 2) Loan for $28,000.00 on July 25, 2013
  • Attempt 3) Loan for $32,000.00 on November 18, 2011
  • Attempt 4) Loan for $25,000.00 on September 19, 2010
  • Attempt 5) Loan for $39,000.00 on December 19, 2010
  • Attempt 6) Loan for $28,000.00 on July 20, 2009

Previous requests on Darrell’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$83400.00 5 5.1% $1577.68 The Vinton Banking Company January 24, 2013
$82800.00 3 9.5% $2652.33 The Ohio Valley Bank Company October 9, 2013
$83390.00 4 5.8% $1950.78 The Citizens Bank November 7, 2014
$82570.00 4 6.3% $1950.54 The Peoples Bank February 23, 2015
$83150.00 7 6.4% $1230.71 The Freeport State Bank April 6, 2015

Contact Details for Eagle Savings Association, the provider of this student loan

  • Eagle Savings Association
  • City: Cincinnati
  • State: Ohio
  • Address: 580 Walnut Street
  • County: Hamilton
  • Zip code: 45201

Darrell’s Transunion score was changed by the student loan loan, changing to 569 from 582, which is typical in our experience.

Transunion Score: 569

Personal Loan for a fashion coordinator named Darrell in Cincinnati, Ohio to Pay Off HSBC Platinum MasterCard

Darrell had a lot of credit card debt on their College of William & Mary Platinum Plus MasterCard with WorldPoints Rewards and their PNC Bank Core Visa Credit Card, and they were starting to get in over their heads. Despite Darrell’s job as a fashion coordinator, they struggled to make payments on the $29,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Installment loan for Darrell, a graduate of Fort Hays State University and a fashion coordinator working for over $69,000 per year

Darrell, an alumnus at Fort Hays State University and a fashion coordinator in Cincinnati, Ohio needs a student loan to purchase something frivolous. Darrell has instead decided to get an installment loan for $15,000 and is currently seeking lenders like First National Bank of Middletown to process their request.

Client Profile: Darrell Salasar of Cincinnati, Ohio
  • Full name (Changed if requested): Darrell Salasar
  • Current Credit: loans.hit.utils.Fico@4769b07b
  • Current City: Cincinnati
  • State: Ohio
  • Zip code: 45203
  • Yearly income: $39,000
  • Current Job: fashion coordinator
  • Current County: Hamilton
  • Goal Yearly Income: $121,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Darrell’s Overall FICO score at the time of acceptance for a student loan, taking into account their fashion coordinator job and their future job as a retail sales department supervisor

Fico Score: 582

7 Months in the Past, Darrell Tried Finding a High Risk Loan for $22,000.00, and it was Easy

It is an existing struggle for borrowers to get high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Darrell. Darrell decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit applicants. Clients with credit ratings as low as 508 can apply for a high risk loan and may be be accepted.

Several other requests for credit have been made by Darrell in the past, including one from The Rio Grande County Bank in Cincinnati, Ohio before Darrell was approved for the $74000 by Eagle Savings Association

Darrell made 9 previous attempts to obtain a student loan, 2 of which were with The Rio Grande County Bank, a bank in Cincinnati, Ohio known to specialize in student loans specifically. Before finding Eagle Savings Association, Darrell was concerned due to their inexperience and fair credit rating.

Conclusion of Darrell’s student loan

In the end, Darrell was able to find a student loan for $74000 with an interest rate of 6.2% interest APR from Eagle Savings Association in Cincinnati, Ohio repayable over 24 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.