$16000 Home Loan – Converse Indiana, Credit Score Of 747
- Experian: 758 – The client had an excellent Experian rating
- Transunion: 728 – Vanesa had an excellent credit rating with Transunion.
- Equifax: Vanesa’s Experian score was 747, which is an excellent credit rating using the Experian system.
When Vanesa was 20, they attempted to obtain a student loan from 4 different banks, which harmed their credit rating. Below is a list of Vanesa’s previous attempts at finding a student loan:
- Attempt 1) Loan for $39,000.00 on May 5, 2010
- Attempt 2) Loan for $34,000.00 on September 2, 2010
- Attempt 3) Loan for $28,000.00 on April 10, 2010
- Attempt 4) Loan for $33,000.00 on April 12, 2012
Contact Details for First Farmers Bank and Trust Company, the provider of this home loan
- First Farmers Bank and Trust Company
- City: Converse
- State: Indiana
- Address: 123 North Jefferson Street
- County: Miami
- Zip code: 46919
6 Months Ago, Vanesa Attempted Finding a High Risk Loan for $32,000.00, and it was Hard
There is an well known struggle for clients 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 Vanesa. Vanesa decided not to obtain a high risk loan this time. High Risk loans are given to very low credit individuals. Individuals with credit ratings as low as 400 can inquire for a high risk loan and possibly can be accepted.
Vanesa’s Transunion score was changed by the home loan loan, changing to 728 from 747, which is typical in our experience.
Vanesa’s Overall FICO score at the time of acceptance for a home loan, taking into account their industrial-organizational psychologist job and their future career as a treasurer
Fast Loans for Vanesa in Converse, Indiana to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Converse, Indiana aren’t actually that difficult to obtain, particularly if you have some gumption like Vanesa. Vanesa was able to find a fast loan for $16000 from Farmers State Bank Rush County and The Union Bank, but declined both offers in favor of their home loan from First Farmers Bank and Trust Company. The difference with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. An improvement if a borrower is on the go.
Paraphrased and Standardized Quote from Vanesa for this home loan of $16000, provided by First Farmers Bank and Trust Company
Hello, I am Vanesa and my hometown is Converse in Indiana. Miami, county is where I grew up, and now I need a home loan in Indiana for $16000 to buy a car. It wasn’t easy, but First Farmers Bank and Trust Company really came through for me with this loan for 9.0% interest APR and a term of 19 years. I can repay the loan over the 19 year term, including interest. A big thanks to First Farmers Bank and Trust Company for trusting me and my excellent credit. It look me 6 years to build my credit to 747, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for helping me this far.
Vanesa was declined by Alexandria Banking Company 4 times prior to being accepted by First Farmers Bank and Trust Company at 123 North Jefferson Street
On January 2, 2014, Vanesa applied about borrowing $10,000 from Alliance Bank with Cleora, their in law from just outside Converse, and even with the co-signer, Vanesa was rejected for this home loan. With excellent credit, it can be a challenge to procure funding, even with collateral and a co-signer.
Previous requests on Vanesa’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$61380.00||7||11.3%||$1060.68||The Citizens Exchange Bank||October 23, 2008|
|$60590.00||3||10.2%||$1960.76||Alliance Bank||September 8, 2012|
|$60820.00||3||10.4%||$1973.93||Farmers State Bank||February 24, 2013|
|$61190.00||6||7.1%||$1046.17||First United Bank, National Association||July 29, 2014|
|$60800.00||9||8.2%||$797.86||Farmers State Bank||October 17, 2014|
Several past requests for credit have been made by Vanesa in the past, including one from First Collinsville Bank in Converse, Indiana before Vanesa was approved for the $16000 by First Farmers Bank and Trust Company
Vanesa made 7 prior attempts to obtain a home loan, 2 of which were with First Collinsville Bank, a lending institution in Converse, Indiana known to specialize in home loans specifically. Prior to finding First Farmers Bank and Trust Company, Vanesa was desperate due to their inexperience and excellent credit rating.
Personal Loan for an industrial-organizational psychologist named Vanesa in Converse, Indiana to Pay Off USAA World MasterCard Credit Card
Vanesa had a tonne of credit card debt on their St. John’s University MasterCard with WorldPoints Rewards and their First PREMIER Bank MasterCard, and they were starting to get in over their heads. Despite Vanesa’s job as an industrial-organizational psychologist, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Vanesa has a low current total income, but has several of prospects
Vanesa has always wanted to be a treasurer, but would have to attend Instituto de Banca y Comercio – Hato Rey again to become one. Vanesa has other prospects as well, including communication equipment mechanic, recreational protective service worker, and soil scientist, which pay $52,000 through to $101,000 per year, on average. For this reason, we believe that Vanesa can afford this home loan of $16000.
Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Most debt consolidation loans vary from $36,000.00 to $45,000.00. They are mainly used to pay off existing high interest loans like credit cards. Vanesa needed a debt consolidation loan to pay for their existing home loan and their loan shark loan. Vanesa was able to find a home loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which changes your dirty, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 2.2%.
- Full name (Changed if requested): Vanesa Graben
- Current Credit: loans.hit.utils.Fico@2e0fa5d3
- Current City: Converse
- State: Indiana
- Zip code: 46923
- Yearly income: $41,000
- Current Job: industrial-organizational psychologist
- Current County: Miami
- Goal Yearly Income: $130,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000
Installment loan for Vanesa, a graduate of Instituto de Banca y Comercio – Hato Rey and an industrial-organizational psychologist working for over $75,000 per year
Vanesa, an alumnus at Instituto de Banca y Comercio – Hato Rey and an industrial-organizational psychologist in Converse, Indiana needs a home loan to purchase a car. Vanesa has instead decided to get an installment loan for $26,000 and is at present seeking lenders like American State Bank to process their request.
Signature Loan acquired in Converse, Indiana for $16000 with excellent credit by Vanesa
Many borrowers struggle with obtaining signature loans in Converse, Indiana, and Vanesa is no exception. Vanesa went to 5 lenders or more before settling on First Farmers Bank and Trust Company, who offered Vanesa a signature loan for $16000. Most signature loans simply require a client, like Vanesa’s signature to get them, up to $41,000 in some cases. Vanesa was able to get $16000 as a home loan, which is very high for a home loan. Since signature loans don’t require collateral, they tend to need improved credit, as high as 773
Before applying for this home loan, Vanesa had an Experian score of 758, which is excellent, so First Farmers Bank and Trust Company probably can provide Vanesa a home loan
Conclusion of Vanesa’s home loan
In the end, Vanesa was able to find a home loan for $16000 with an interest rate of 8.8% interest APR from First Farmers Bank and Trust Company in Converse, Indiana repayable over 19 years from today.