$120000 Direct Loan – Oklahoma City Oklahoma, Credit Rating Of 497
- Experian: 515 – This individual had a bad Experian rating
- Transunion: 484 – Rayford had a bad credit rating with Transunion.
- Equifax: Rayford’s Experian score was 497, which is a bad credit score with the Experian rating scheme.
- Full name (Changed if requested): Rayford Rafala
- Current Credit: loans.hit.utils.Fico@6576fe71
- Current City: Oklahoma City
- State: Oklahoma
- Zip code: 73116
- Yearly income: $69,000
- Current Job: dental assistant
- Current County: Oklahoma
- Goal Yearly Income: $102,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
Rayford’s Overall FICO score at the time of acceptance for a direct loan, taking into account their dental assistant job and their future career as an administrative service manager
Fast Loans for Rayford in Oklahoma City, Oklahoma to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Oklahoma City, Oklahoma aren’t actually that difficult to obtain, particularly if you have some gumption like Rayford. Rayford was able to find a fast loan for $120000 from The Liberty State Bank of Tahlequah, Oklahoma and Security First National Bank of Hugo, but turned down both offers in favor of their direct loan from InterBank. The improvement with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big improvement if a client is on the go.
When Rayford was 22, they tried to obtain a student loan from 7 alternate banks, which harmed their credit rating. Below is a chronology of Rayford’s previous attempts at finding a student loan:
- Attempt 1) Loan for $28,000.00 on July 29, 2009
- Attempt 2) Loan for $32,000.00 on November 27, 2009
- Attempt 3) Loan for $31,000.00 on August 27, 2011
- Attempt 4) Loan for $26,000.00 on March 4, 2009
- Attempt 5) Loan for $25,000.00 on August 12, 2010
- Attempt 6) Loan for $32,000.00 on July 27, 2013
- Attempt 7) Loan for $32,000.00 on June 21, 2011
8 Months in the Past, Rayford Attempted Finding a High Risk Loan for $21,000.00, and it was Easy
It is an well known struggle for borrowers to get high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Rayford. Rayford chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit individuals. Individuals with credit scores as low as 382 can inquire for a high risk loan and possibly can be accepted.
Rayford has a disappointing current yearly income, but has a large amount of prospects
Rayford has always wanted to be an administrative service manager, but would need attend Cleveland State University again to become one. Rayford has other prospects as well, including fashion model, industrial arts teacher, and production planner, which pay $56,000 through to $92,000 per year, at least. For this reason, we believe that Rayford can afford this direct loan of $120000.
Before applying for this direct loan, Rayford had an Experian score of 515, which is bad, so InterBank likely can provide Rayford a direct loan
Signature Loan found in Oklahoma City, Oklahoma for $120000 with bad credit by Rayford
Many prospective borrowers have difficulty with obtaining signature loans in Oklahoma City, Oklahoma, and Rayford is not an exception. Rayford went to 5 lenders or more before settling on InterBank, who offered Rayford a signature loan for $120000. Most signature loans simply require a client, like Rayford’s signature to get them, up to $36,000 in some cases. Rayford was able to get $120000 as a direct loan, which is very high for a direct loan. Because signature loans don’t need a cosigner, they tend to require improved credit, as high as 710
Previous requests on Rayford’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$61660.00||11||10.2%||$778.97||The First State Bank||January 15, 2010|
|$61740.00||4||9.7%||$1557.01||Security Bank and Trust Company||May 1, 2012|
|$62340.00||6||8.1%||$1096.07||The First State Bank, Willow, Okla.||May 16, 2014|
|$61710.00||10||5.1%||$657.55||Sooner State Bank||October 24, 2014|
Paraphrased and Standardized Quote from Rayford for this direct loan of $120000, provided by InterBank
Hi, I am Rayford and I’m from Oklahoma City in Oklahoma. Oklahoma, county is where I grew up, and now I need a direct loan in Oklahoma for $120000 to avoid bankruptcy. It wasn’t easy, but InterBank really came through for me with this loan for 9.6% interest APR and a term of 1 years. I will repay the loan over the 1 year term, including interest. A big thanks to InterBank for trusting me and my bad credit. It look me 6 years to create my credit to 497, and I won’t tarnish it any future. I am happy with Find Texas Loans for helping me this far.
Installment loan for Rayford, a graduate of Cleveland State University and a dental assistant working for over $79,000 per year
Rayford, an alumnus at Cleveland State University and a dental assistant in Oklahoma City, Oklahoma needs a direct loan to purchase a house. Rayford has instead decided to get an installment loan for $27,000 and is currently seeking lenders like Bank of Commerce to process their request.
Personal Loan for a dental assistant named Rayford in Oklahoma City, Oklahoma to Pay Off SEFCU Secured MasterCard
Rayford had a lot of credit card debt on their Lane Bryant Credit Card and their Tioga State Bank Visa Signature Bonus Rewards PLUS Card, and they were starting to get in over their heads. Despite Rayford’s job as a dental assistant, they struggled to make payments on the $29,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Rayford was declined by Bank of Healdton 5 times before being accepted by InterBank at 4921 North May Avenue
On October 4, 2012, Rayford applied about borrowing $47,000 from Security Bank and Trust Company with Margy, their in law from just outside Oklahoma City, and even with the co-signer, Rayford was rejected for this direct loan. With bad credit, it can be difficult to obtain financing, even with collateral and a co-signer.
Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks
Most debt consolidation loans vary from $37,000.00 to $58,000.00. They are typically used to pay off existing high interest loans like credit cards. Rayford needed a debt consolidation loan to pay for their existing direct loan and their loan shark loan. Rayford 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, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 4.1%.
Contact Details for InterBank, the provider of this direct loan
- City: Oklahoma City
- State: Oklahoma
- Address: 4921 North May Avenue
- County: Oklahoma
- Zip code: 73112
Rayford’s Transunion score was altered by the direct loan loan, changing to 484 from 497, which is typical in our experience.
Several past requests for credit have been made by Rayford in the past, including one from The Abbott Bank in Oklahoma City, Oklahoma before Rayford was approved for the $120000 by InterBank
Rayford made 8 previous attempts to obtain a direct loan, 2 of which were with The Abbott Bank, a lending institution in Oklahoma City, Oklahoma known to specialize in direct loans specifically. Prior to finding InterBank, Rayford was desperate due to their inexperience and bad credit score.
Conclusion of Rayford’s direct loan
In the end, Rayford was able to find a direct loan for $120000 with an interest rate of 9.6% interest APR from InterBank in Oklahoma City, Oklahoma repayable over 1 years from today.