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Direct Loan For $196000 Near 40336, Kentucky With A Credit Score Of 699

$196000 Direct Loan – Irvine Kentucky, Credit Rating Of 699

  • Experian: 715 – They had a good Experian score
  • Transunion: 684 – Margot had a good credit rating with Transunion.
  • Equifax: Margot’s Experian score was 699, which is a good credit rating with the Experian system.

Fast Loans for Margot in Irvine, Kentucky to prevent bankruptcy or harm from debt collectors.

Fast loans in Irvine, Kentucky aren’t actually that difficult to obtain, particularly if you have some gumption like Margot. Margot was able to find a fast loan for $196000 from Farmers Deposit Bank of Brandenburg and Hyden Citizens Bank, but turned down both offers in favor of their direct loan from Union Bank and Trust Company. 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 5 weeks for debt consolidation loans. A big improvement if you are in a time sensitive situation.

Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans vary from $33,000.00 to $54,000.00. They are mainly used to pay off existing high interest loans like credit cards. Margot required a debt consolidation loan to pay for their existing direct loan and their credit card. Margot was able to find a direct loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which transfers your dirty, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 2.3%.

Contact Details for Union Bank and Trust Company, the provider of this direct loan

  • Union Bank and Trust Company
  • City: Irvine
  • State: Kentucky
  • Address: Broadway
  • County: Estill
  • Zip code: 40336

Previous requests on Margot’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$99330.00 8 6.4% $1324.77 Stock Yards Bank & Trust Company December 25, 2009
$99360.00 8 10.6% $1539.43 Farmers Deposit Bank of Brandenburg January 19, 2012
$99300.00 11 8.8% $1176.77 Citizens Bank January 23, 2013
$99420.00 7 5.5% $1428.67 Citizens Bank & Trust Company, Burgin, Kentucky August 1, 2014
$99300.00 10 8.7% $1241.82 Farmers National Bank June 21, 2015

Margot has a low current yearly income, but has a high number of prospects

Margot has always wanted to be a medical laboratory technician, but would have to attend Savannah Technical College again to achieve it. Margot has other prospects as well, including criminal investigator, highway maintenance worker, and graduate teaching assistant, which pay $58,000 through to $97,000 per year, on average. For this reason, we believe that Margot can afford this direct loan of $196000.

6 Months in the Past, Margot Attempted Finding a High Risk Loan for $33,000.00, and it was Easy

It is an existing struggle for borrowers to find 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 physically harmful to borrowers like Margot. Margot chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit individuals. Borrowers with credit scores as low as 491 can inquire for a high risk loan and have a chance to be accepted.

When Margot was 23, they attempted to obtain a student loan from 5 different banks, which harmed their credit rating. Below is a chronology of Margot’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $23,000.00 on November 29, 2010
  • Attempt 2) Loan for $36,000.00 on May 5, 2009
  • Attempt 3) Loan for $26,000.00 on December 17, 2010
  • Attempt 4) Loan for $21,000.00 on September 7, 2009
  • Attempt 5) Loan for $21,000.00 on February 20, 2012

Before applying for this direct loan, Margot had an Experian score of 715, which is good, so Union Bank and Trust Company most likely cannot provide Margot a direct loan

Experian Score: 715

Signature Loan found in Irvine, Kentucky for $196000 with good credit by Margot

Many clients have difficulty with obtaining signature loans in Irvine, Kentucky, and Margot is the same. Margot went to 6 lenders or more prior to settling on Union Bank and Trust Company, who offered Margot a signature loan for $196000. Typical signature loans simply need a client, like Margot’s signature to obtain them, up to $36,000 in some cases. Margot was able to get $196000 as a direct loan, which is very high for a direct loan. Since signature loans do not require collateral, they generally need improved credit, as high as 776

Margot’s Overall FICO score at the time of acceptance for a direct loan, taking into account their environmental technician job and their future career as a medical laboratory technician

Fico Score: 699

Client Profile: Margot Big of Irvine, Kentucky
  • Full name (Changed if requested): Margot Big
  • Current Credit: loans.hit.utils.Fico@9807454
  • Current City: Irvine
  • State: Kentucky
  • Zip code: 40340
  • Yearly income: $47,000
  • Current Job: environmental technician
  • Current County: Estill
  • Goal Yearly Income: $115,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Margot’s Transunion score was altered by the direct loan loan, changing to 684 from 699, which is normal in our experience.

Transunion Score: 684

Margot was rejected by Farmers National Bank of London 5 times prior to being approved by Union Bank and Trust Company at Broadway

On September 15, 2010, Margot inquired about borrowing $46,000 from Stock Yards Bank & Trust Company with Max, their friend from just outside Irvine, and even with the co-signer, Margot was rejected for this direct loan. With good credit, it can be difficult to procure funding, even with collateral and a co-signer.

Paraphrased and Standardized Quote from Margot for this direct loan of $196000, provided by Union Bank and Trust Company

Hi, I am Margot and my hometown is Irvine in Kentucky. Estill, county is where I grew up, and now I need a direct loan in Kentucky for $196000 to pay bills. It has been difficult, but Union Bank and Trust Company really came through for me with this loan for 9.8% interest APR and a term of 12 years. I can probably repay the loan over the 12 year term, including interest. A big thanks to Union Bank and Trust Company for giving me a chance and my good credit. It look me 9 years to build my credit to 699, and I won’t harm it any future. I am happy with Find Texas Loans for assisting me this far.

Personal Loan for an environmental technician named Margot in Irvine, Kentucky to Pay Off First Tennessee Platinum Premier Visa

Margot had a lot of credit card debt on their AARP Credit Card from Chase and their American Physical Therapy Association Business MasterCard with WorldPoints Rewards, and they were starting to get in over their heads. Despite Margot’s job as an environmental technician, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Installment loan for Margot, a graduate of Savannah Technical College and an environmental technician working for over $71,000 per year

Margot, an alumnus at Savannah Technical College and an environmental technician in Irvine, Kentucky needs a direct loan to purchase a new cell phone. Margot has instead chosen to obtain an installment loan for $9,000 and is currently seeking lenders like Community Financial Services Bank to provide it.

Several previous requests for credit have been made by Margot in the past, including one from The Guarantee Trust and Safe Deposit Company of Shamokin, Pa. in Irvine, Kentucky before Margot was approved for the $196000 by Union Bank and Trust Company

Margot made 4 previous attempts to obtain a direct loan, 2 of which were with The Guarantee Trust and Safe Deposit Company of Shamokin, Pa., a lending institution in Irvine, Kentucky known to specialize in direct loans specifically. Prior to finding Union Bank and Trust Company, Margot was concerned due to their inexperience and good credit rating.

Conclusion of Margot’s direct loan

In the end, Margot was able to find a direct loan for $196000 with an interest rate of 7.2% interest APR from Union Bank and Trust Company in Irvine, Kentucky repayable over 12 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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