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Debt Consolidation Loan Of $56000 For Terrible Credit Kansas Resident

$56000 Debt Consolidation Loan – Fort Scott Kansas, Credit Score Of 368

  • Experian: 382 – This client had a terrible Experian score
  • Transunion: 350 – Lanelle had a terrible credit rating with Transunion.
  • Equifax: Lanelle’s Experian score was 368, which is a terrible credit score with the Experian system.

Signature Loan easily acquired in Fort Scott, Kansas for $56000 with terrible credit by Lanelle

Most prospective borrowers have difficulty with finding signature loans in Fort Scott, Kansas, and Lanelle is no exception. Lanelle went to 8 lenders or more before settling on Citizens Bank, National Association, who offered Lanelle a signature loan for $56000. Most signature loans simply require a client, like Lanelle’s signature to obtain them, up to $33,000 in some cases. Lanelle was able to get $56000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans don’t need collateral, they tend to need higher credit, as high as 744

Several other requests for credit have been made by Lanelle in the past, including one from Farmers Deposit Bank in Fort Scott, Kansas before Lanelle was approved for the $56000 by Citizens Bank, National Association

Lanelle made 8 previous tries to obtain a debt consolidation loan, 2 of which were with Farmers Deposit Bank, a lender in Fort Scott, Kansas known to specialize in debt consolidation loans specifically. Prior to finding Citizens Bank, National Association, Lanelle was very concerned due to their inexperience and terrible credit rating.

Before applying for this debt consolidation loan, Lanelle had an Experian score of 382, which is terrible, so Citizens Bank, National Association probably cannot provide Lanelle a debt consolidation loan

Experian Score: 382

Previous requests on Lanelle’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$26380.00 5 10.7% $569.63 Citizens Bank and Trust Company September 23, 2009
$25880.00 4 8.6% $639.12 The Morrill and Janes Bank and Trust Company June 17, 2013
$26480.00 3 8.6% $837.14 The Citizens State Bank, Liberal, Kansas June 18, 2014
$26480.00 10 7.6% $315.71 Citizens State Bank January 17, 2015

Contact Details for Citizens Bank, National Association, the provider of this debt consolidation loan

  • Citizens Bank, National Association
  • City: Fort Scott
  • State: Kansas
  • Address: 200 South Main Street
  • County: Bourbon
  • Zip code: 66701

Personal Loan for a library science professor named Lanelle in Fort Scott, Kansas to Pay Off Frontier Airlines World MasterCard with Annual Fee

Lanelle had a lot of credit card debt on their Woodworker’s Supply Platinum Rewards Visa and their Fidelity Investment Rewards Visa Signature Card, and they were starting to get in over their heads. Despite Lanelle’s job as a library science professor, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Lanelle for this debt consolidation loan of $56000, provided by Citizens Bank, National Association

Hi, I am Lanelle and I’m from Fort Scott in Kansas. Bourbon, county is where I grew up, and now I need a debt consolidation loan in Kansas for $56000 to renovate my home. It wasn’t easy, but Citizens Bank, National Association really came through for me with this loan for 9.7% interest APR and a term of 5 years. I can probably repay the loan over the 5 year term, including interest. A big thanks to Citizens Bank, National Association for trusting me and my terrible credit. It look me 5 years to build my credit to 368, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Lanelle’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their library science professor job and their future job as an industrial hygienist

Fico Score: 368

Installment loan for Lanelle, a graduate of Ranger College and a library science professor working for over $62,000 per year

Lanelle, an alumnus at Ranger College and a library science professor in Fort Scott, Kansas needs a debt consolidation loan to purchase a car. Lanelle has instead chosen to get an installment loan for $1,000 and is at present seeking lenders like The Farmers and Merchants State Bank to provide it.

Client Profile: Lanelle Nicodemus of Fort Scott, Kansas
  • Full name (Changed if requested): Lanelle Nicodemus
  • Current Credit: loans.hit.utils.Fico@378fd1ac
  • Current City: Fort Scott
  • State: Kansas
  • Zip code: 66704
  • Yearly income: $69,000
  • Current Job: library science professor
  • Current County: Bourbon
  • Goal Yearly Income: $114,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Lanelle’s Transunion score was changed by the debt consolidation loan loan, changing to 350 from 368, which is typical in our experience.

Transunion Score: 350

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

Lanelle has always wanted to be an industrial hygienist, but would need attend Ranger College again to achieve it. Lanelle has other possibilities as well, including bank examiner, building maintenance mechanic, and fire protection engineer, which pay $59,000 through to $95,000 per year, at least. Because of this, we think that Lanelle can afford this debt consolidation loan of $56000.

Lanelle was rejected by Pinnacle Bank, National Association 5 times prior to being granted funding by Citizens Bank, National Association at 200 South Main Street

On February 1, 2012, Lanelle inquired about borrowing $16,000 from The Union State Bank with Florance, their friend from just outside Fort Scott, and even with the co-signer, Lanelle was rejected for this debt consolidation loan. With terrible credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

Fast Loans for Lanelle in Fort Scott, Kansas to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Fort Scott, Kansas aren’t actually that difficult to obtain, particularly if you have some gumption like Lanelle. Lanelle was able to find a fast loan for $56000 from Heartland Bank and Bank of Labor, but declined both offers in favor of their debt consolidation loan from Citizens Bank, National Association. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. A big improvement if you are in a time sensitive situation.

When Lanelle was 24, they attempted to obtain a student loan from 5 different lenders, which harmed their credit score. Below is a chronology of Lanelle’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $29,000.00 on October 16, 2011
  • Attempt 2) Loan for $25,000.00 on February 9, 2010
  • Attempt 3) Loan for $20,000.00 on March 12, 2010
  • Attempt 4) Loan for $32,000.00 on June 25, 2010
  • Attempt 5) Loan for $29,000.00 on February 4, 2013

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

Average debt consolidation loans vary from $25,000.00 to $49,000.00. They are typically used to pay off existing high interest loans like credit cards. Lanelle required a debt consolidation loan to pay for their existing debt consolidation loan and their loan shark loan. Lanelle was able to find a debt consolidation loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which converts your dirty, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 4.6%.

7 Months in the Past, Lanelle Tried Finding a High Risk Loan for $44,000.00, but They Didn’t Find What They were Expecting

It is an existing struggle for borrowers to find high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Lanelle. Lanelle chose not to obtain a high risk loan this time. High Risk loans are given to very low credit individuals. Individuals with credit ratings as low as 520 can apply for a high risk loan and have a chance to be accepted.

Conclusion of Lanelle’s debt consolidation loan

In the end, Lanelle was able to find a debt consolidation loan for $56000 with an interest rate of 7.8% interest APR from Citizens Bank, National Association in Fort Scott, Kansas repayable over 5 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.