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Home Loan Of $18000 For Fair Credit Illinois Resident

$18000 Home Loan – Raymond Illinois, Credit Rating Of 534

  • Experian: 544 – This client had a fair Experian rating
  • Transunion: 520 – Windy had a fair credit score with Transunion.
  • Equifax: Windy’s Experian score was 534, which is a fair credit score using the Experian scale.

Personal Loan for an outdoor education teacher named Windy in Raymond, Illinois to Pay Off Stein Mart Style Platinum MasterCard

Windy had a tonne of credit card debt on their US Bank FlexPerks Select Rewards Visa Card and their Merrill Lynch Signature Rewards, and they were starting to get in over their heads. Despite Windy’s job as an outdoor education teacher, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

When Windy was 23, they tried to obtain a student loan from 4 different banks, which harmed their credit rating. Below is a list of Windy’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $27,000.00 on August 12, 2013
  • Attempt 2) Loan for $26,000.00 on August 15, 2009
  • Attempt 3) Loan for $39,000.00 on October 1, 2012
  • Attempt 4) Loan for $23,000.00 on May 18, 2010

Fast Loans for Windy in Raymond, Illinois to prevent bankruptcy or harm from debt collectors.

Fast loans in Raymond, Illinois aren’t actually that difficult to obtain, particularly if you have some finesse like Windy. Windy was able to find a fast loan for $18000 from Community Banks of Shelby County and The State Bank of Geneva, but declined both offers in favor of their home loan from The First National Bank of Raymond. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. An improvement if a borrower is in a time sensitive situation.

Windy’s Overall FICO score at the time of acceptance for a home loan, taking into account their outdoor education teacher job and their future job as a scientific photographer

Fico Score: 534

Debt Consolidation Can Help Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $39,000.00 to $56,000.00. They are mainly used to pay off existing high interest loans like credit cards. Windy required a debt consolidation loan to pay for their existing home loan and their credit card. Windy was able to find a home loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which changes your dirty, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.0%.

Installment loan for Windy, a graduate of Arizona State University and an outdoor education teacher working for over $60,000 per year

Windy, an alumnus at Arizona State University and an outdoor education teacher in Raymond, Illinois needs a home loan to purchase a house. Windy has instead decided to obtain an installment loan for $15,000 and is at present seeking lenders like Citizens State Bank of Milford to provide it.

Windy was declined by Uptown National Bank of Chicago 5 times prior to being approved by The First National Bank of Raymond at 403 East Broad Street

On May 17, 2009, Windy applied about borrowing $14,000 from LaSalle Bank NI with Maris, their friend from just outside Raymond, and even with the co-signer, Windy was rejected for this home loan. With fair credit, it can be very hard to procure funding, even with collateral and a co-signer.

Windy’s Transunion score was changed by the home loan loan, changing to 520 from 534, which is typical in our experience.

Transunion Score: 520

Signature Loan acquired in Raymond, Illinois for $18000 with fair credit by Windy

Most prospective borrowers have difficulty with obtaining signature loans in Raymond, Illinois, and Windy is no different. Windy went to 7 lenders or more prior to settling on The First National Bank of Raymond, who offered Windy a signature loan for $18000. Typical signature loans simply need a client, like Windy’s signature to obtain them, up to $23,000 in some cases. Windy was able to get $18000 as a home loan, which is very high for a home loan. Since signature loans don’t need collateral, they tend to need improved credit, as high as 752

Many past requests for credit have been made by Windy in the past, including one from Mercantile Potomac Bank in Raymond, Illinois before Windy was accepted for the $18000 by The First National Bank of Raymond

Windy made 5 prior attempts to obtain a home loan, 2 of which were with Mercantile Potomac Bank, a bank in Raymond, Illinois known to specialize in home loans specifically. Before finding The First National Bank of Raymond, Windy was concerned due to their inexperience and fair credit rating.

Paraphrased and Standardized Quote from Windy for this home loan of $18000, provided by The First National Bank of Raymond

Hello, I am Windy and my hometown is Raymond in Illinois. Montgomery, county is where I grew up, and now I need a home loan in Illinois for $18000 to avoid bankruptcy. It has been difficult, but The First National Bank of Raymond really came through for me with this loan for 10.6% interest APR and a term of 15 years. I can probably repay the loan over the 15 year term, including interest. A big thanks to The First National Bank of Raymond for giving me a chance and my fair credit. It look me 8 years to create my credit to 534, and I won’t harm it any more. I am pleased with Find Texas Loans for assisting me this far.

Previous requests on Windy’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$77720.00 8 7.7% $1086.89 The Gerber State Bank February 25, 2010
$77610.00 7 7.1% $1175.14 The Belvidere National Bank and Trust Company July 19, 2011
$77900.00 8 5.6% $1008.61 Commerce Bank May 19, 2012
$77540.00 9 7.4% $985.52 Byron Bank August 16, 2012

Windy has a very low current total income, but has a high number of prospects

Windy has always wanted to be a scientific photographer, but would need attend Arizona State University again to achieve it. Windy has other prospects as well, including fire prevention engineer, materials inspector, and town clerk, which pay $52,000 through to $100,000 per year, on average. Because of this, we believe that Windy can afford this home loan of $18000.

Before applying for this home loan, Windy had an Experian score of 544, which is fair, so The First National Bank of Raymond likely cannot provide Windy a home loan

Experian Score: 544

Client Profile: Windy Shi of Raymond, Illinois
  • Full name (Changed if requested): Windy Shi
  • Current Credit: loans.hit.utils.Fico@7106e68e
  • Current City: Raymond
  • State: Illinois
  • Zip code: 62568
  • Yearly income: $60,000
  • Current Job: outdoor education teacher
  • Current County: Montgomery
  • Goal Yearly Income: $140,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Contact Details for The First National Bank of Raymond, the provider of this home loan

  • The First National Bank of Raymond
  • City: Raymond
  • State: Illinois
  • Address: 403 East Broad Street
  • County: Montgomery
  • Zip code: 62560

7 Months in the Past, Windy Attempted Finding a High Risk Loan for $30,000.00, and it was Hard

It is an ongoing struggle for clients to find high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Windy. Windy chose not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit individuals. Clients with credit ratings as low as 581 can inquire for a high risk loan and possibly can be approved.

Conclusion of Windy’s home loan

In the end, Windy was able to find a home loan for $18000 with an interest rate of 8.2% interest APR from The First National Bank of Raymond in Raymond, Illinois repayable over 15 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.