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Debt Consolidation Loan With Low APR In Cook County, Illinois

$24000 Debt Consolidation Loan – La Grange Illinois, Credit Score Of 317

  • Experian: 330 – They had a terrible Experian score
  • Transunion: 303 – Marketta had a terrible credit score with Transunion.
  • Equifax: Marketta’s Experian score was 317, which is a terrible credit score on the Experian system.

Marketta has a low current gross income, but has a large amount of prospects

Marketta has always wanted to be a fishery worker supervisor, but would need attend The University of Tennessee – Chattanooga again to achieve it. Marketta has other possibilities as well, including marine cargo surveyor, construction laborer, and metal fabricator, which pay $51,000 through to $91,000 per year, at least. For this reason, we believe that Marketta can pay for this debt consolidation loan of $24000.

Marketta was declined by Greatbank Chicago 7 times prior to being granted funding by First Illinois Bank of LaGrange at 14 South La Grange Road

On April 24, 2010, Marketta inquired about borrowing $6,000 from Citizens State Bank of Milford with Lillia, their friend from just outside La Grange, and even with the co-signer, Marketta was rejected for this debt consolidation loan. With terrible credit, it can be challenging to procure funding, even with collateral and a co-signer.

Signature Loan found in La Grange, Illinois for $24000 with terrible credit by Marketta

Most prospective borrowers struggle with finding signature loans in La Grange, Illinois, and Marketta is the same. Marketta went to 8 lenders or more prior to finding First Illinois Bank of LaGrange, who offered Marketta a signature loan for $24000. Most signature loans simply need a client, like Marketta’s signature to get them, up to $34,000 in some cases. Marketta was able to get $24000 as a debt consolidation loan, which is very high for a debt consolidation loan. Since signature loans do not require collateral, they tend to need higher credit, as high as 763

When Marketta was 21, they attempted to obtain a student loan from 4 different banks, which damaged their credit score. Below is a list of Marketta’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $25,000.00 on September 4, 2011
  • Attempt 2) Loan for $35,000.00 on October 26, 2009
  • Attempt 3) Loan for $33,000.00 on October 21, 2008
  • Attempt 4) Loan for $24,000.00 on March 1, 2010

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

Most debt consolidation loans vary from $39,000.00 to $49,000.00. They are typically used to pay off existing high interest loans like credit cards. Marketta needed a debt consolidation loan to pay for their existing debt consolidation loan and their credit card. Marketta was able to find a debt consolidation loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which converts your dirty, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.4%.

Paraphrased and Standardized Quote from Marketta for this debt consolidation loan of $24000, provided by First Illinois Bank of LaGrange

Hello, I am Marketta and I’m from La Grange in Illinois. Cook, county is where I grew up, and now I need a debt consolidation loan in Illinois for $24000 to buy a car. It has been difficult, but First Illinois Bank of LaGrange really came through for me with this loan for 11.3% interest APR and a term of 4 years. I can probably repay the loan over the 4 year term, including interest. A big thanks to First Illinois Bank of LaGrange for giving me a chance and my terrible credit. It look me 4 years to create my credit to 317, and I won’t harm it any future. I’m happy with Find Texas Loans for helping me this far.

Marketta’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their chemical engineer job and their future job as a fishery worker supervisor

Fico Score: 317

Before applying for this debt consolidation loan, Marketta had an Experian score of 330, which is terrible, so First Illinois Bank of LaGrange most likely cannot provide Marketta a debt consolidation loan

Experian Score: 330

Multiple past requests for credit have been made by Marketta in the past, including one from McCreary National Bank in La Grange, Illinois before Marketta was approved for the $24000 by First Illinois Bank of LaGrange

Marketta made 7 prior attempts to obtain a debt consolidation loan, 2 of which were with McCreary National Bank, a bank in La Grange, Illinois known to specialize in debt consolidation loans specifically. Before finding First Illinois Bank of LaGrange, Marketta was concerned due to their inexperience and terrible credit rating.

Contact Details for First Illinois Bank of LaGrange, the provider of this debt consolidation loan

  • First Illinois Bank of LaGrange
  • City: La Grange
  • State: Illinois
  • Address: 14 South La Grange Road
  • County: Cook
  • Zip code: 60525

Personal Loan for a chemical engineer named Marketta in La Grange, Illinois to Pay Off Harley-Davidson Visa Signature Credit Card

Marketta had a lot of credit card debt on their TD Bank Easy Rewards Business Visa Credit Card and their Navy FCU Visa Signature Flagship Rewards Credit Card, and they were starting to get in over their heads. Despite Marketta’s job as a chemical engineer, they struggled to make payments on the $26,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Client Profile: Marketta Plomma of La Grange, Illinois
  • Full name (Changed if requested): Marketta Plomma
  • Current Credit: loans.hit.utils.Fico@7daf6ecc
  • Current City: La Grange
  • State: Illinois
  • Zip code: 60526
  • Yearly income: $54,000
  • Current Job: chemical engineer
  • Current County: Cook
  • Goal Yearly Income: $89,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Previous requests on Marketta’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$28390.00 5 8.6% $583.83 The Gerber State Bank March 28, 2009
$28490.00 8 11.8% $459.92 The Belvidere National Bank and Trust Company November 25, 2010
$27820.00 11 5.7% $284.17 Commerce Bank December 28, 2010
$28270.00 9 8.6% $376.89 Byron Bank February 9, 2011

Fast Loans for Marketta in La Grange, Illinois to prevent bankruptcy or harm from debt collectors.

Fast loans in La Grange, Illinois aren’t actually that difficult to obtain, particularly if you have some gumption like Marketta. Marketta was able to find a fast loan for $24000 from Amalgamated Bank of Chicago and Peoples National Bank of Kewanee, but declined both offers in favor of their debt consolidation loan from First Illinois Bank of LaGrange. The difference with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. An improvement in the case that a borrower is on the go.

8 Months Ago, Marketta Attempted to Find a High Risk Loan for $38,000.00, and it was Hard

There is an existing struggle for borrowers to find high risk loans in a safe manner. Many high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Marketta. Marketta decided not to get a high risk loan this time. High Risk loans are given to bad credit clients. Individuals with credit ratings as low as 379 can inquire for a high risk loan and have a chance to be approved.

Marketta’s Transunion score was altered by the debt consolidation loan loan, changing to 303 from 317, which is normal in our experience.

Transunion Score: 303

Installment loan for Marketta, a graduate of The University of Tennessee – Chattanooga and a chemical engineer working for over $75,000 per year

Marketta, an alumnus at The University of Tennessee – Chattanooga and a chemical engineer in La Grange, Illinois wants a debt consolidation loan to purchase a house. Marketta has instead chosen to get an installment loan for $25,000 and is at present seeking lenders like Merchandise National Bank of Chicago to provide it.

Conclusion of Marketta’s debt consolidation loan

In the end, Marketta was able to find a debt consolidation loan for $24000 with an interest rate of 9.5% interest APR from First Illinois Bank of LaGrange in La Grange, Illinois repayable over 4 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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