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Fast Loan For $27000 Near 31533, Georgia With A Credit Score Of 550

$27000 Fast Loan – Douglas Georgia, Credit Score Of 550

  • Experian: 566 – They had a fair Experian rating
  • Transunion: 535 – Oralee had a fair credit rating with Transunion.
  • Equifax: Oralee’s Experian score was 550, which is a fair credit rating on the Experian system.

Signature Loan easily acquired in Douglas, Georgia for $27000 with fair credit by Oralee

Most clients struggle with obtaining signature loans in Douglas, Georgia, and Oralee is no different. Oralee went to 8 lenders or more prior to settling on Coffee County Bank, who offered Oralee a signature loan for $27000. Typical signature loans simply need a client, like Oralee’s signature to obtain them, up to $37,000 in some cases. Oralee was able to get $27000 as a fast loan, which is very high for a fast loan. Since signature loans don’t need a cosigner, they tend to need higher credit, as high as 789

Fast Loans for Oralee in Douglas, Georgia to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Douglas, Georgia aren’t actually that difficult to obtain, particularly if you have some gumption like Oralee. Oralee was able to find a fast loan for $27000 from The Citizens and Southern Bank of Colquitt County and Sylvester Banking Company, but turned down both offers in favor of their fast loan from Coffee County Bank. The difference with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. An improvement in the case that a borrower is in a pinch.

Oralee’s Transunion score was altered by the fast loan loan, changing to 535 from 550, which is typical in our experience.

Transunion Score: 535

Installment loan for Oralee, a graduate of Lexington VA Medical Center and a school nurse working for over $76,000 per year

Oralee, an alumnus at Lexington VA Medical Center and a school nurse in Douglas, Georgia wants a fast loan to purchase a car. Oralee has instead decided to get an installment loan for $21,000 and is currently seeking lenders like The Peoples Bank of Talbotton to provide it.

When Oralee was 23, they attempted to obtain a student loan from 6 alternate lenders, which harmed their credit score. Below is a chronology of Oralee’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $32,000.00 on October 5, 2009
  • Attempt 2) Loan for $31,000.00 on June 4, 2012
  • Attempt 3) Loan for $24,000.00 on October 21, 2008
  • Attempt 4) Loan for $24,000.00 on March 27, 2009
  • Attempt 5) Loan for $29,000.00 on July 5, 2010
  • Attempt 6) Loan for $27,000.00 on June 28, 2010

Paraphrased and Standardized Quote from Oralee for this fast loan of $27000, provided by Coffee County Bank

Hi, I am Oralee and I am from Douglas in Georgia. Coffee, county is where I grew up, and now I need a fast loan in Georgia for $27000 to renovate my home. It has been difficult, but Coffee County Bank really came through for me with this loan for 8.5% 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 Coffee County Bank for trusting me and my fair credit. It look me 4 years to create my credit to 550, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for assisting me this far.

Oralee’s Overall FICO score at the time of acceptance for a fast loan, taking into account their school nurse job and their future career as a college/university professor

Fico Score: 550

Client Profile: Oralee Rink of Douglas, Georgia
  • Full name (Changed if requested): Oralee Rink
  • Current Credit: loans.hit.utils.Fico@728938a9
  • Current City: Douglas
  • State: Georgia
  • Zip code: 31542
  • Yearly income: $36,000
  • Current Job: school nurse
  • Current County: Coffee
  • Goal Yearly Income: $139,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Contact Details for Coffee County Bank, the provider of this fast loan

  • Coffee County Bank
  • City: Douglas
  • State: Georgia
  • Address: 102 North Peterson Avenue
  • County: Coffee
  • Zip code: 31533

8 Months in the Past, Oralee Attempted to Find a High Risk Loan for $34,000.00, but They Didn’t Find What They were Expecting

There is an existing struggle for borrowers to get high risk loans in a non-harmful way. a lot of high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Oralee. Oralee chose not to get a high risk loan this time. High Risk loans are generally given by lenders to terrible credit individuals. Individuals with credit ratings as low as 429 can inquire for a high risk loan and possibly can be accepted.

Before applying for this fast loan, Oralee had an Experian score of 566, which is fair, so Coffee County Bank likely cannot provide Oralee a fast loan

Experian Score: 566

Oralee was rejected by Exchange Bank 4 times prior to being granted funding by Coffee County Bank at 102 North Peterson Avenue

On April 1, 2012, Oralee applied about borrowing $39,000 from Bank of Madison with Cristi, their friend from just outside Douglas, and even with the co-signer, Oralee was rejected for this fast loan. With fair credit, it can be very hard to procure financing, even with collateral and a co-signer.

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

Normal debt consolidation loans range from $35,000.00 to $59,000.00. They are mainly used to pay off existing high interest loans like credit cards. Oralee required a debt consolidation loan to pay for their existing fast loan and their credit card. Oralee was able to find a fast loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your less desirable, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 3.5%.

Oralee has a low current gross income, but has a large amount of prospects

Oralee has always wanted to be a college/university professor, but would need attend Lexington VA Medical Center again to become one. Oralee has other prospects as well, including armored assault vehicle officer, intelligence specialist, and missing person investigator, which pay $55,000 through to $93,000 per year, at least. For this reason, we believe that Oralee can pay for this fast loan of $27000.

Personal Loan for a school nurse named Oralee in Douglas, Georgia to Pay Off Kidney Cancer Association Visa Platinum Rewards Card

Oralee had a lot of credit card debt on their Lufthansa Premier Miles & More World MasterCard and their Western Union MoneyWise Visa Prepaid Card, and they were starting to get in over their heads. Despite Oralee’s job as a school nurse, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Previous requests on Oralee’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$68490.00 7 5.6% $987.46 NationsBank of Florida, National Association August 18, 2012
$68290.00 6 8.4% $1210.73 Century Bank and Trust December 2, 2012
$67780.00 8 10.3% $1039.3 Bank of Madison October 26, 2013
$68190.00 6 6.8% $1156.03 Bank of Hazlehurst April 12, 2015
$67710.00 5 7.7% $1363.21 The Citizens and Southern Bank of Dublin May 31, 2015

Several previous requests for credit have been made by Oralee in the past, including one from Farmers and Merchants Bank in Douglas, Georgia before Oralee was approved for the $27000 by Coffee County Bank

Oralee made 5 previous tries to obtain a fast loan, 2 of which were with Farmers and Merchants Bank, a lender in Douglas, Georgia known to specialize in fast loans specifically. Prior to finding Coffee County Bank, Oralee was very concerned due to their inexperience and fair credit rating.

Conclusion of Oralee’s fast loan

In the end, Oralee was able to find a fast loan for $27000 with an interest rate of 7.0% interest APR from Coffee County Bank in Douglas, Georgia repayable over 6 years from today.

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.