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Direct Loan Of $21000 For Bad Credit Illinois Resident

$21000 Direct Loan – Kent Illinois, Credit Score Of 453

  • Experian: 470 – This individual had a bad Experian score
  • Transunion: 439 – Dorsey had a bad credit rating with Transunion.
  • Equifax: Dorsey’s Experian score was 453, which is a bad credit score with the Experian scale.

8 Months Ago, Dorsey Tried to Find a High Risk Loan for $48,000.00, and it was Easy

There is an well known struggle for borrowers to find high risk loans in a safe way. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Dorsey. Dorsey chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit borrowers. Individuals with credit ratings as low as 451 can inquire for a high risk loan and have a chance to be approved.

Dorsey’s Overall FICO score at the time of acceptance for a direct loan, taking into account their gas plant operator job and their future career as a political science professor

Fico Score: 453

Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans range from $29,000.00 to $52,000.00. They are normally used to pay off existing high interest loans like credit cards. Dorsey required a debt consolidation loan to pay for their existing direct loan and their loan shark loan. Dorsey was able to find a direct loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your dirty, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 4.0%.

Paraphrased and Standardized Quote from Dorsey for this direct loan of $21000, provided by Kent Bank

Hello, I am Dorsey and my hometown is Kent in Illinois. Stephenson, county is where I grew up, and now I need a direct loan in Illinois for $21000 to avoid bankruptcy. It has been difficult, but Kent Bank really came through for me with this loan for 5.3% interest APR and a term of 1 years. I can repay the loan over the 1 year term, including interest. A big thanks to Kent Bank for trusting me and my bad credit. It look me 5 years to create my credit to 453, and I won’t tarnish it any more. I’m happy with Find Texas Loans for assisting me this far.

Installment loan for Dorsey, a graduate of Wichita Area Technical College and a gas plant operator working for over $67,000 per year

Dorsey, an alumnus at Wichita Area Technical College and a gas plant operator in Kent, Illinois wants a direct loan to purchase a house. Dorsey has instead chosen to obtain an installment loan for $26,000 and is at present seeking lenders like The State Bank of Geneva to provide it.

Dorsey has a very low current gross income, but has a high number of prospects

Dorsey has always wanted to be a political science professor, but would need attend Wichita Area Technical College again to become one. Dorsey has other possibilities as well, including lathe operator, technical & scientific publications editor, and cardiopulmonary technologist, which pay $57,000 through to $99,000 per year, at least. For this reason, we believe that Dorsey can afford this direct loan of $21000.

Fast Loans for Dorsey in Kent, Illinois to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Kent, Illinois aren’t actually that difficult to obtain, especially if you have some gumption like Dorsey. Dorsey was able to find a fast loan for $21000 from Mercantile National Bank of Chicago and First Bank of Eureka, but turned down both offers in favor of their direct loan from Kent Bank. The improvement with a fast loan over a personal 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 if you are in a pinch.

Client Profile: Dorsey Gunia of Kent, Illinois
  • Full name (Changed if requested): Dorsey Gunia
  • Current Credit: loans.hit.utils.Fico@506e1b77
  • Current City: Kent
  • State: Illinois
  • Zip code: 61050
  • Yearly income: $67,000
  • Current Job: gas plant operator
  • Current County: Stephenson
  • Goal Yearly Income: $146,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Dorsey was rejected by Central National Bank of Mattoon 5 times prior to being granted funding by Kent Bank at 717 North Kent Road

On March 20, 2012, Dorsey inquired about borrowing $10,000 from State Bank of Clearing with Maia, their in law from just outside Kent, and even with the co-signer, Dorsey was rejected for this direct loan. With bad credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Personal Loan for a gas plant operator named Dorsey in Kent, Illinois to Pay Off UCLA Alumni Association World Points Platinum Plus MasterCard

Dorsey had a tonne of credit card debt on their Tompkins Trust Company Visa Signature Bonus Rewards Card and their First Niagara Bank MasterCard, and they were starting to get in over their heads. Despite Dorsey’s job as a gas plant operator, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Several previous requests for credit have been made by Dorsey in the past, including one from First State Bank of Bovina in Kent, Illinois before Dorsey was accepted for the $21000 by Kent Bank

Dorsey made 7 previous tries to obtain a direct loan, 2 of which were with First State Bank of Bovina, a lending institution in Kent, Illinois known to specialize in direct loans specifically. Before finding Kent Bank, Dorsey was very concerned due to their inexperience and bad credit score.

When Dorsey was 21, they tried to obtain a student loan from 4 different lenders, which harmed their credit score. Below is a chronology of Dorsey’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $24,000.00 on September 14, 2013
  • Attempt 2) Loan for $29,000.00 on May 18, 2013
  • Attempt 3) Loan for $21,000.00 on October 20, 2008
  • Attempt 4) Loan for $22,000.00 on May 9, 2011

Previous requests on Dorsey’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$115780.00 4 8.2% $2837.41 The Gerber State Bank August 14, 2011
$115540.00 6 9.2% $2094.16 The Belvidere National Bank and Trust Company August 9, 2014
$115570.00 7 9.3% $1877.06 Commerce Bank December 12, 2014
$115770.00 3 6.2% $3532.45 Byron Bank April 23, 2015
$116230.00 11 9.4% $1416.01 Amalgamated Bank of Chicago August 29, 2015

Dorsey’s Transunion score was changed by the direct loan loan, changing to 439 from 453, which is typical in our experience.

Transunion Score: 439

Signature Loan acquired in Kent, Illinois for $21000 with bad credit by Dorsey

A lot of clients have difficulty with obtaining signature loans in Kent, Illinois, and Dorsey is not an exception. Dorsey went to 7 lending institutions or more before finding Kent Bank, who offered Dorsey a signature loan for $21000. Most signature loans simply need a client, like Dorsey’s signature to obtain them, up to $48,000 in some cases. Dorsey was able to get $21000 as a direct loan, which is very high for a direct loan. Since signature loans do not require collateral, these loans tend to need higher credit, as high as 718

Contact Details for Kent Bank, the provider of this direct loan

  • Kent Bank
  • City: Kent
  • State: Illinois
  • Address: 717 North Kent Road
  • County: Stephenson
  • Zip code: 61044

Before applying for this direct loan, Dorsey had an Experian score of 470, which is bad, so Kent Bank most likely cannot provide Dorsey a direct loan

Experian Score: 470

Conclusion of Dorsey’s direct loan

In the end, Dorsey was able to find a direct loan for $21000 with an interest rate of 11.7% interest APR from Kent Bank in Kent, Illinois repayable over 1 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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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.