$2000 Direct Loan – Beaver Dam Kentucky, Credit Score Of 816
- Experian: 830 – This client had an excellent Experian score
- Transunion: 798 – Lucy had an excellent credit score with Transunion.
- Equifax: Lucy’s Experian score was 816, which is an excellent credit rating using the Experian rating scheme.
9 Months in the Past, Lucy Attempted Finding a High Risk Loan for $25,000.00, and it was Hard
It is an ongoing struggle for clients to find high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Lucy. Lucy chose not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit individuals. Individuals with credit ratings as low as 468 can inquire for a high risk loan and possibly can be accepted.
When Lucy was 20, they tried to obtain a student loan from 4 different lenders, which damaged their credit score. Below is a chronology of Lucy’s prior attempts at finding a student loan:
- Attempt 1) Loan for $28,000.00 on March 18, 2010
- Attempt 2) Loan for $22,000.00 on January 26, 2012
- Attempt 3) Loan for $23,000.00 on March 6, 2009
- Attempt 4) Loan for $36,000.00 on May 11, 2011
Personal Loan for a financial aid counselor named Lucy in Beaver Dam, Kentucky to Pay Off Med1Care LLC Visa Platinum Rewards Card
Lucy had a lot of credit card debt on their Sunoco SunTrak Fleet Card and their Nordstrom Credit Card, and they were starting to get in over their heads. Despite Lucy’s job as a financial aid counselor, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Fast Loans for Lucy in Beaver Dam, Kentucky to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Beaver Dam, Kentucky aren’t actually that difficult to obtain, especially if you have some gumption like Lucy. Lucy was able to find a fast loan for $2000 from Kentucky National Bank of Pendleton County and Jackson County Bank, but turned down both offers in favor of their direct loan from Bank of Ohio County, Inc.. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. A big improvement in the case that a borrower is on the go.
Before applying for this direct loan, Lucy had an Experian score of 830, which is excellent, so Bank of Ohio County, Inc. likely cannot provide Lucy a direct loan
Lucy has a sad current total income, but has a large amount of prospects
Lucy has always wanted to be a funds development administrator, but would have to attend West Chester University of Pennsylvania again to achieve it. Lucy has other possibilities as well, including medical insurance claims analyst, soil conservation technician, and market research analyst, which pay $50,000 through to $104,000 per year, on average. Because of this, we believe that Lucy can pay for this direct loan of $2000.
Paraphrased and Standardized Quote from Lucy for this direct loan of $2000, provided by Bank of Ohio County, Inc.
Hello, I am Lucy and I’m from Beaver Dam in Kentucky. Ohio, county is where I grew up, and now I need a direct loan in Kentucky for $2000 to pay bills. It wasn’t easy, but Bank of Ohio County, Inc. really came through for me with this loan for 7.8% interest APR and a term of 6 years. I can probably repay the loan over the 6 year term, including interest. A big thanks to Bank of Ohio County, Inc. for giving me a chance and my excellent credit. It look me 7 years to build my credit to 816, and I won’t harm it any future. I am pleased with Find Texas Loans for helping me this far.
Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Normal debt consolidation loans vary from $38,000.00 to $48,000.00. They are typically used to pay off existing high interest loans like credit cards. Lucy needed a debt consolidation loan to pay for their existing direct loan and their credit card. Lucy was able to find a direct loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which changes your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 4.0%.
Lucy’s Overall FICO score at the time of acceptance for a direct loan, taking into account their financial aid counselor job and their future career as a funds development administrator
Lucy was rejected by Peoples Bank and Trust Company 7 times prior to being accepted by Bank of Ohio County, Inc. at 1500 Bill Monroe Memorial Boulevard
On January 4, 2012, Lucy applied about borrowing $4,000 from Farmers National Bank with Samatha, their in law from just outside Beaver Dam, and even with the co-signer, Lucy was rejected for this direct loan. With excellent credit, it can be very hard to obtain funding, even with collateral and a co-signer.
- Full name (Changed if requested): Lucy Lumas
- Current Credit: loans.hit.utils.Fico@31cefde0
- Current City: Beaver Dam
- State: Kentucky
- Zip code: 42323
- Yearly income: $54,000
- Current Job: financial aid counselor
- Current County: Ohio
- Goal Yearly Income: $111,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000
Lucy’s Transunion score was changed by the direct loan loan, changing to 798 from 816, which is typical in our experience.
Contact Details for Bank of Ohio County, Inc., the provider of this direct loan
- Bank of Ohio County, Inc.
- City: Beaver Dam
- State: Kentucky
- Address: 1500 Bill Monroe Memorial Boulevard
- County: Ohio
- Zip code: 42320
Many previous requests for credit have been made by Lucy in the past, including one from KCB Bank in Beaver Dam, Kentucky before Lucy was accepted for the $2000 by Bank of Ohio County, Inc.
Lucy made 9 prior attempts to obtain a direct loan, 2 of which were with KCB Bank, a bank in Beaver Dam, Kentucky known to specialize in direct loans specifically. Before finding Bank of Ohio County, Inc., Lucy was desperate due to their inexperience and excellent credit score.
Signature Loan easily acquired in Beaver Dam, Kentucky for $2000 with excellent credit by Lucy
Many prospective borrowers struggle with obtaining signature loans in Beaver Dam, Kentucky, and Lucy is no exception. Lucy went to 8 lending institutions or more prior to finding Bank of Ohio County, Inc., who offered Lucy a signature loan for $2000. Typical signature loans simply require a client, like Lucy’s signature to get them, up to $32,000 in some cases. Lucy was able to get $2000 as a direct loan, which is very high for a direct loan. Since signature loans do not require collateral, they tend to need improved credit, as high as 752
Previous requests on Lucy’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$109440.00||11||10.6%||$1407.59||Stock Yards Bank & Trust Company||November 27, 2009|
|$109280.00||10||10.1%||$1450.2||Farmers Deposit Bank of Brandenburg||December 8, 2009|
|$108600.00||8||9.2%||$1602.3||Citizens Bank||March 28, 2012|
|$109400.00||9||10.5%||$1569.98||Citizens Bank & Trust Company, Burgin, Kentucky||October 5, 2012|
|$109460.00||6||7.3%||$1881.99||Farmers National Bank||December 19, 2012|
Installment loan for Lucy, a graduate of West Chester University of Pennsylvania and a financial aid counselor working for over $70,000 per year
Lucy, an alumnus at West Chester University of Pennsylvania and a financial aid counselor in Beaver Dam, Kentucky wants a direct loan to purchase a house. Lucy has instead chosen to obtain an installment loan for $24,000 and is at present seeking lenders like Farmers National Bank of London to process their request.
Conclusion of Lucy’s direct loan
In the end, Lucy was able to find a direct loan for $2000 with an interest rate of 8.1% interest APR from Bank of Ohio County, Inc. in Beaver Dam, Kentucky repayable over 6 years from today.