$40000 Emergency Loan – Memphis Tennessee, Credit Rating Of 490
- Experian: 501 – This individual had a bad Experian rating
- Transunion: 478 – Shirlee had a bad credit rating with Transunion.
- Equifax: Shirlee’s Experian score was 490, which is a bad credit score with the Experian scale.
Several other requests for credit have been made by Shirlee in the past, including one from Provincial Bank in Memphis, Tennessee before Shirlee was accepted for the $40000 by Third National Bank in Memphis
Shirlee made 5 previous tries to obtain an emergency loan, 2 of which were with Provincial Bank, a lending institution in Memphis, Tennessee known to specialize in emergency loans specifically. Before finding Third National Bank in Memphis, Shirlee was concerned due to their inexperience and bad credit score.
Before applying for this emergency loan, Shirlee had an Experian score of 501, which is bad, so Third National Bank in Memphis probably cannot provide Shirlee an emergency loan
7 Months Ago, Shirlee Tried to Find a High Risk Loan for $41,000.00, and it was Easy
There is an well known struggle for clients to get high risk loans in a safe way. Many high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Shirlee. Shirlee chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit applicants. Borrowers with credit ratings as low as 514 can apply for a high risk loan and have a chance to be approved.
Shirlee has a sad current total income, but has several of prospects
Shirlee has always wanted to be a sport psychologist, but would need attend Amarillo College again to achieve it. Shirlee has other possibilities as well, including employment and placement specialist, plastic surgeon, and air traffic controller, which pay $56,000 through to $91,000 per year, on average. For this reason, we believe that Shirlee can afford this emergency loan of $40000.
Shirlee was not approved by SunTrust Bank, East Tennessee, National Association 5 times prior to being approved by Third National Bank in Memphis at One River Center
On March 31, 2012, Shirlee inquired about borrowing $13,000 from First Tennessee Bank with Kandice, their friend from just outside Memphis, and even with the co-signer, Shirlee was rejected for this emergency loan. With bad credit, it can be challenging to procure financing, even with collateral and a co-signer.
Installment loan for Shirlee, a graduate of Amarillo College and an utility meter reader working for over $67,000 per year
Shirlee, an alumnus at Amarillo College and an utility meter reader in Memphis, Tennessee needs an emergency loan to purchase a house. Shirlee has instead chosen to obtain an installment loan for $8,000 and is currently seeking lenders like Peoples and Union Bank to provide it.
Signature Loan acquired in Memphis, Tennessee for $40000 with bad credit by Shirlee
Most clients struggle with obtaining signature loans in Memphis, Tennessee, and Shirlee is not an exception. Shirlee went to 7 lenders or more prior to finding Third National Bank in Memphis, who offered Shirlee a signature loan for $40000. Most signature loans simply need a client, like Shirlee’s signature to get them, up to $36,000 in some cases. Shirlee was able to get $40000 as a emergency loan, which is very high for an emergency loan. Since signature loans don’t need collateral, these loans generally need higher credit, as high as 727
Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt
Most debt consolidation loans range from $25,000.00 to $47,000.00. They are mainly used to pay off existing high interest loans like credit cards. Shirlee required a debt consolidation loan to pay for their existing emergency loan and their credit card. Shirlee was able to find a emergency loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which changes your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 3.1%.
- Full name (Changed if requested): Shirlee Hormell
- Current Credit: loans.hit.utils.Fico@31221be2
- Current City: Memphis
- State: Tennessee
- Zip code: 38110
- Yearly income: $48,000
- Current Job: utility meter reader
- Current County: Shelby
- Goal Yearly Income: $111,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
Contact Details for Third National Bank in Memphis, the provider of this emergency loan
- Third National Bank in Memphis
- City: Memphis
- State: Tennessee
- Address: One River Center
- County: Shelby
- Zip code: 38103
Fast Loans for Shirlee in Memphis, Tennessee to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Memphis, Tennessee aren’t actually that difficult to obtain, especially if you have some finesse like Shirlee. Shirlee was able to find a fast loan for $40000 from Merchants and Planters Bank and Bells Banking Company, but turned down both offers in favor of their emergency loan from Third National Bank in Memphis. The difference 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 difference if a borrower is on the go.
Shirlee’s Overall FICO score at the time of acceptance for an emergency loan, taking into account their utility meter reader job and their future career as a sport psychologist
Paraphrased and Standardized Quote from Shirlee for this emergency loan of $40000, provided by Third National Bank in Memphis
Hi, I am Shirlee and I am from Memphis in Tennessee. Shelby, county is where I grew up, and now I need a emergency loan in Tennessee for $40000 to renovate my home. It has been difficult, but Third National Bank in Memphis really came through for me with this loan for 6.4% interest APR and a term of 10 years. I can repay the loan over the 10 year term, including interest. A big thanks to Third National Bank in Memphis for trusting me and my bad credit. It look me 7 years to build my credit to 490, and I won’t tarnish it any future. I am pleased with Find Texas Loans for helping me this far.
When Shirlee was 19, they attempted to obtain a student loan from 5 different lenders, which damaged their credit rating. Below is a chronology of Shirlee’s prior attempts at finding a student loan:
- Attempt 1) Loan for $33,000.00 on October 24, 2008
- Attempt 2) Loan for $31,000.00 on August 4, 2010
- Attempt 3) Loan for $37,000.00 on September 4, 2009
- Attempt 4) Loan for $39,000.00 on December 24, 2009
- Attempt 5) Loan for $27,000.00 on November 3, 2008
Personal Loan for an utility meter reader named Shirlee in Memphis, Tennessee to Pay Off GM Business World MasterCard
Shirlee had a tonne of credit card debt on their BankAmericard Cash Rewards Visa Signature Credit Card for the American Medical Student Association and their Valley National Bank Credit Cards, and they were starting to get in over their heads. Despite Shirlee’s job as an utility meter reader, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Shirlee’s Transunion score was changed by the emergency loan loan, changing to 478 from 490, which is normal in our experience.
Previous requests on Shirlee’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$102530.00||5||8.5%||$2103.56||Citizens Bank||March 20, 2011|
|$102530.00||3||11.4%||$3376.16||SunTrust Bank, Chattanooga, National Association||October 14, 2013|
|$103450.00||11||11.1%||$1360.4||GreenBank||March 13, 2015|
|$102640.00||7||10.2%||$1714.57||CommunityFIRST Bank||March 26, 2015|
|$102520.00||9||5.2%||$1190.67||Bank of Belfast||June 6, 2015|
Conclusion of Shirlee’s emergency loan
In the end, Shirlee was able to find an emergency loan for $40000 with an interest rate of 11.4% interest APR from Third National Bank in Memphis in Memphis, Tennessee repayable over 10 years from now.