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High Risk Loan For $128000 Near 61938, Illinois With A Credit Score Of 385

$128000 High Risk Loan – Mattoon Illinois, Credit Rating Of 385

  • Experian: 396 – They had a terrible Experian rating
  • Transunion: 367 – Laurinda had a terrible credit rating with Transunion.
  • Equifax: Laurinda’s Experian score was 385, which is a terrible credit rating using the Experian system.
Client Profile: Laurinda Weightman of Mattoon, Illinois
  • Full name (Changed if requested): Laurinda Weightman
  • Current Credit: loans.hit.utils.Fico@7daf6ecc
  • Current City: Mattoon
  • State: Illinois
  • Zip code: 61944
  • Yearly income: $65,000
  • Current Job: ceiling tile installer
  • Current County: Coles
  • Goal Yearly Income: $114,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Before applying for this high risk loan, Laurinda had an Experian score of 396, which is terrible, so Okaw Building and Loan, s.b. likely cannot provide Laurinda a high risk loan

Experian Score: 396

Paraphrased and Standardized Quote from Laurinda for this high risk loan of $128000, provided by Okaw Building and Loan, s.b.

Hi, I am Laurinda and I’m from Mattoon in Illinois. Coles, county is where I grew up, and now I need a high risk loan in Illinois for $128000 to renovate my home. It wasn’t easy, but Okaw Building and Loan, s.b. really came through for me with this loan for 11.6% interest APR and a term of 16 years. I will repay the loan over the 16 year term, including interest. A big thanks to Okaw Building and Loan, s.b. for giving me a chance and my terrible credit. It look me 6 years to build my credit to 385, and I won’t tarnish it any more. I am happy with Find Texas Loans for helping me this far.

Previous requests on Laurinda’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$57320.00 11 5.2% $571.13 The Gerber State Bank May 1, 2010
$57410.00 4 6.8% $1369.43 The Belvidere National Bank and Trust Company October 17, 2013
$57270.00 5 7.7% $1153.02 Commerce Bank June 21, 2014
$56600.00 9 10.2% $803.0 Byron Bank February 2, 2015

Personal Loan for a ceiling tile installer named Laurinda in Mattoon, Illinois to Pay Off America’s First FCU Visa Secured

Laurinda had a tonne of credit card debt on their St. John’s University MasterCard with WorldPoints Rewards and their Bank of the West Standard MasterCard, and they were starting to get in over their heads. Despite Laurinda’s job as a ceiling tile installer, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Laurinda’s Transunion score was changed by the high risk loan loan, changing to 367 from 385, which is typical in our experience.

Transunion Score: 367

Laurinda was declined by Citizens State Bank of Milford 6 times prior to being granted funding by Okaw Building and Loan, s.b. at 720 Broadway Avenue

On September 20, 2009, Laurinda inquired about borrowing $45,000 from State Bank of Clearing with Freddie, their friend from just outside Mattoon, and even with the co-signer, Laurinda was rejected for this high risk loan. With terrible credit, it can be challenging to procure funding, even with collateral and a co-signer.

When Laurinda was 22, they tried to obtain a student loan from 6 alternate lenders, which harmed their credit score. Below is a list of Laurinda’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $28,000.00 on February 28, 2012
  • Attempt 2) Loan for $25,000.00 on December 3, 2012
  • Attempt 3) Loan for $34,000.00 on April 4, 2010
  • Attempt 4) Loan for $38,000.00 on April 10, 2011
  • Attempt 5) Loan for $34,000.00 on March 7, 2009
  • Attempt 6) Loan for $28,000.00 on March 16, 2011

Fast Loans for Laurinda in Mattoon, Illinois to prevent bankruptcy or harm from debt collectors.

Fast loans in Mattoon, Illinois aren’t actually that difficult to obtain, especially if you have some finesse like Laurinda. Laurinda was able to find a fast loan for $128000 from Merchandise National Bank of Chicago and Harris Trust and Savings Bank, but turned down both offers in favor of their high risk loan from Okaw Building and Loan, s.b.. 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 installment loans. A big improvement in the case that a borrower is in a pinch.

Installment loan for Laurinda, a graduate of Olivet Nazarene University and a ceiling tile installer working for over $60,000 per year

Laurinda, an alumnus at Olivet Nazarene University and a ceiling tile installer in Mattoon, Illinois needs a high risk loan to purchase a car. Laurinda has instead decided to obtain an installment loan for $4,000 and is currently seeking lenders like The Belvidere National Bank and Trust Company to provide it.

Contact Details for Okaw Building and Loan, s.b., the provider of this high risk loan

  • Okaw Building and Loan, s.b.
  • City: Mattoon
  • State: Illinois
  • Address: 720 Broadway Avenue
  • County: Coles
  • Zip code: 61938

Laurinda has a low current yearly income, but has a large amount of prospects

Laurinda has always wanted to be a dietitian and nutritionist, but would have to attend Olivet Nazarene University again to become one. Laurinda has other possibilities as well, including office supervisor, plastic surgeon, and armored assault vehicle officer, which pay $54,000 through to $100,000 per year, at least. Because of this, we believe that Laurinda can afford this high risk loan of $128000.

Many other requests for credit have been made by Laurinda in the past, including one from Florida Bank of Sumter County in Mattoon, Illinois before Laurinda was accepted for the $128000 by Okaw Building and Loan, s.b.

Laurinda made 6 previous attempts to obtain a high risk loan, 2 of which were with Florida Bank of Sumter County, a lending institution in Mattoon, Illinois known to specialize in high risk loans specifically. Prior to finding Okaw Building and Loan, s.b., Laurinda was very concerned due to their inexperience and terrible credit score.

Laurinda’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their ceiling tile installer job and their future career as a dietitian and nutritionist

Fico Score: 385

8 Months Ago, Laurinda Attempted to Find a High Risk Loan for $28,000.00, but They Didn’t Find What They were Expecting

There is an existing struggle for borrowers to find high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Laurinda. Laurinda decided not to get a high risk loan this time. High Risk loans are given to very low credit individuals. Clients with credit scores as low as 473 can inquire for a high risk loan and have a chance to be approved.

Signature Loan found in Mattoon, Illinois for $128000 with terrible credit by Laurinda

Many borrowers struggle with obtaining signature loans in Mattoon, Illinois, and Laurinda is the same. Laurinda went to 8 lending institutions or more prior to settling on Okaw Building and Loan, s.b., who offered Laurinda a signature loan for $128000. Most signature loans simply need a client, like Laurinda’s signature to obtain them, up to $47,000 in some cases. Laurinda was able to get $128000 as a high risk loan, which is very high for a high risk loan. Because signature loans don’t need collateral, these loans tend to require improved credit, as high as 764

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

Average debt consolidation loans range from $35,000.00 to $51,000.00. They are typically used to pay off existing high interest loans like credit cards. Laurinda needed a debt consolidation loan to pay for their existing high risk loan and their payday loan. Laurinda was able to find a high risk loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your less desirable, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 2.1%.

Conclusion of Laurinda’s high risk loan

In the end, Laurinda was able to find a high risk loan for $128000 with an interest rate of 5.1% interest APR from Okaw Building and Loan, s.b. in Mattoon, Illinois repayable over 16 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.