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High Risk Loan For $68000 Near 44646, Ohio With A Credit Score Of 407

$68000 High Risk Loan – Massillon Ohio, Credit Score Of 407

  • Experian: 418 – The client had a bad Experian rating
  • Transunion: 392 – Allan had a bad credit score with Transunion.
  • Equifax: Allan’s Experian score was 407, which is a bad credit rating using the Experian system.

Installment loan for Allan, a graduate of Governors State University and an administrative assistant working for over $66,000 per year

Allan, an alumnus at Governors State University and an administrative assistant in Massillon, Ohio wants a high risk loan to purchase a new cell phone. Allan has instead chosen to obtain an installment loan for $3,000 and is at present seeking lenders like ShoreBank to provide it.

Allan’s Transunion score was changed by the high risk loan loan, changing to 392 from 407, which is typical in our experience.

Transunion Score: 392

Many other requests for credit have been made by Allan in the past, including one from Society Bank, Monroe in Massillon, Ohio before Allan was accepted for the $68000 by First Savings and Loan Company, F.A.

Allan made 9 previous attempts to obtain a high risk loan, 2 of which were with Society Bank, Monroe, a bank in Massillon, Ohio known to specialize in high risk loans specifically. Prior to finding First Savings and Loan Company, F.A., Allan was desperate due to their inexperience and bad credit score.

Contact Details for First Savings and Loan Company, F.A., the provider of this high risk loan

  • First Savings and Loan Company, F.A.
  • City: Massillon
  • State: Ohio
  • Address: 153 Lincoln Way East
  • County: Stark
  • Zip code: 44646

Paraphrased and Standardized Quote from Allan for this high risk loan of $68000, provided by First Savings and Loan Company, F.A.

Hello, I am Allan and I’m from Massillon in Ohio. Stark, county is where I grew up, and now I need a high risk loan in Ohio for $68000 to avoid bankruptcy. It wasn’t easy, but First Savings and Loan Company, F.A. really came through for me with this loan for 11.8% interest APR and a term of 13 years. I will repay the loan over the 13 year term, including interest. A big thanks to First Savings and Loan Company, F.A. for giving me a chance and my bad credit. It look me 5 years to build my credit to 407, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for assisting me this far.

Before applying for this high risk loan, Allan had an Experian score of 418, which is bad, so First Savings and Loan Company, F.A. probably cannot provide Allan a high risk loan

Experian Score: 418

Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $31,000.00 to $55,000.00. They are mainly used to pay off existing high interest loans like credit cards. Allan needed a debt consolidation loan to pay for their existing high risk loan and their payday loan. Allan was able to find a high risk loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which transfers your dirty, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 2.8%.

Personal Loan for an administrative assistant named Allan in Massillon, Ohio to Pay Off First Citizens Bank Visa

Allan had a tonne of credit card debt on their The Limited Classic Card and their Vision Premier Visa Prepaid Card, and they were starting to get in over their heads. Despite Allan’s job as an administrative assistant, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Allan’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their administrative assistant job and their future career as a scientific linguist

Fico Score: 407

Client Profile: Allan Weiskopf of Massillon, Ohio
  • Full name (Changed if requested): Allan Weiskopf
  • Current Credit: loans.hit.utils.Fico@1a6c5a9e
  • Current City: Massillon
  • State: Ohio
  • Zip code: 44652
  • Yearly income: $41,000
  • Current Job: administrative assistant
  • Current County: Stark
  • Goal Yearly Income: $94,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Previous requests on Allan’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$85420.00 8 9.1% $1255.86 The Vinton Banking Company January 9, 2010
$84650.00 8 6.6% $1137.32 The Ohio Valley Bank Company July 5, 2011
$85200.00 6 6.2% $1420.07 The Citizens Bank August 25, 2012
$85140.00 4 8.5% $2098.56 The Peoples Bank January 31, 2013

Signature Loan found in Massillon, Ohio for $68000 with bad credit by Allan

Most clients have difficulty with finding signature loans in Massillon, Ohio, and Allan is no different. Allan went to 7 lenders or more before finding First Savings and Loan Company, F.A., who offered Allan a signature loan for $68000. Typical signature loans simply require a client, like Allan’s signature to get them, up to $31,000 in some cases. Allan was able to get $68000 as a high risk loan, which is very high for a high risk loan. Because signature loans don’t need a cosigner, these loans generally require higher credit, as high as 703

When Allan was 19, they tried to obtain a student loan from 4 different banks, which harmed their credit score. Below is a chronology of Allan’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $28,000.00 on February 9, 2013
  • Attempt 2) Loan for $34,000.00 on January 10, 2010
  • Attempt 3) Loan for $25,000.00 on December 4, 2011
  • Attempt 4) Loan for $24,000.00 on May 7, 2009

7 Months in the Past, Allan Attempted to Find a High Risk Loan for $37,000.00, but They Didn’t Find What They were Expecting

It is an well known struggle for borrowers to get high risk loans in a safe way. Many high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Allan. Allan decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit borrowers. Borrowers with credit scores as low as 394 can apply for a high risk loan and have a chance to be approved.

Allan was declined by The Farmers State Bank of Lyons Ohio 6 times before being approved by First Savings and Loan Company, F.A. at 153 Lincoln Way East

On December 27, 2011, Allan applied about borrowing $21,000 from The Fifth Third Bank with Shane, their in law from just outside Massillon, and even with the co-signer, Allan was rejected for this high risk loan. With bad credit, it can be very hard to obtain financing, even with collateral and a co-signer.

Fast Loans for Allan in Massillon, Ohio to prevent bankruptcy or harm from debt collectors.

Fast loans in Massillon, Ohio aren’t actually that difficult to obtain, especially if you have some finesse like Allan. Allan was able to find a fast loan for $68000 from The Clarksburg Commercial Bank and The Firestone Bank, but turned down both offers in favor of their high risk loan from First Savings and Loan Company, F.A.. 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 personal loans. A big improvement if you are on the go.

Allan has a very low current total income, but has several of prospects

Allan has always wanted to be a scientific linguist, but would need attend Governors State University again to become one. Allan has other possibilities as well, including recreational protective service worker, biology professor, and civil drafter, which pay $52,000 through to $104,000 per year, at least. Because of this, we believe that Allan can pay for this high risk loan of $68000.

Conclusion of Allan’s high risk loan

In the end, Allan was able to find a high risk loan for $68000 with an interest rate of 6.6% interest APR from First Savings and Loan Company, F.A. in Massillon, Ohio repayable over 13 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.