$100000 Direct Loan – Rochester Indiana, Credit Rating Of 790
- Experian: 809 – The client had an excellent Experian rating
- Transunion: 773 – Hosea had an excellent credit rating with Transunion.
- Equifax: Hosea’s Experian score was 790, which is an excellent credit score with the Experian scale.
Before applying for this direct loan, Hosea had an Experian score of 809, which is excellent, so First Federal Savings Bank most likely cannot provide Hosea a direct loan
When Hosea was 21, they attempted to obtain a student loan from 7 different banks, which harmed their credit score. Below is a chronology of Hosea’s previous attempts at finding a student loan:
- Attempt 1) Loan for $23,000.00 on February 18, 2013
- Attempt 2) Loan for $30,000.00 on October 30, 2008
- Attempt 3) Loan for $32,000.00 on April 4, 2012
- Attempt 4) Loan for $33,000.00 on December 20, 2010
- Attempt 5) Loan for $20,000.00 on May 8, 2013
- Attempt 6) Loan for $22,000.00 on October 13, 2012
- Attempt 7) Loan for $29,000.00 on April 18, 2009
Hosea’s Transunion score was altered by the direct loan loan, changing to 773 from 790, which is normal in our experience.
6 Months in the Past, Hosea Tried Finding a High Risk Loan for $28,000.00, and it was Easy
It 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 Hosea. Hosea chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit borrowers. Clients with credit ratings as low as 547 can apply for a high risk loan and have a chance to be approved.
Hosea was rejected by Tri-County Bank & Trust Company 4 times before being approved by First Federal Savings Bank at 301 East 9th Street
On July 2, 2010, Hosea inquired about borrowing $33,000 from First Valley Bank with Darren, their in law from just outside Rochester, and even with the co-signer, Hosea was rejected for this direct loan. With excellent credit, it can be a challenge to procure financing, even with collateral and a co-signer.
Contact Details for First Federal Savings Bank, the provider of this direct loan
- First Federal Savings Bank
- City: Rochester
- State: Indiana
- Address: 301 East 9th Street
- County: Fulton
- Zip code: 46975
Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Normal debt consolidation loans range from $25,000.00 to $57,000.00. They are typically used to pay off existing high interest loans like credit cards. Hosea needed a debt consolidation loan to pay for their existing direct loan and their loan shark loan. Hosea was able to find a direct loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your dirty, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 4.1%.
- Full name (Changed if requested): Hosea Stonehouse
- Current Credit: loans.hit.utils.Fico@238e0d81
- Current City: Rochester
- State: Indiana
- Zip code: 46977
- Yearly income: $58,000
- Current Job: soil scientist
- Current County: Fulton
- Goal Yearly Income: $139,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000
Fast Loans for Hosea in Rochester, Indiana to prevent bankruptcy or harm from debt collectors.
Fast loans in Rochester, Indiana aren’t actually that difficult to obtain, particularly if you have some gumption like Hosea. Hosea was able to find a fast loan for $100000 from Norwest Bank Monticello and Alliance Bank, but turned down both offers in favor of their direct loan from First Federal Savings Bank. The improvement with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. An improvement if a client is in a pinch.
Previous requests on Hosea’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$21110.00||9||8.5%||$280.33||The Citizens Exchange Bank||March 13, 2011|
|$21200.00||7||7.2%||$322.04||Alliance Bank||March 17, 2013|
|$20630.00||6||6.8%||$349.74||Farmers State Bank||July 22, 2013|
|$20580.00||10||6.5%||$233.68||First United Bank, National Association||April 6, 2014|
|$20520.00||7||9.3%||$333.28||Farmers State Bank||February 9, 2015|
Personal Loan for a soil scientist named Hosea in Rochester, Indiana to Pay Off BP Business Solutions Universal Fuel Program Card
Hosea had a lot of credit card debt on their Great Southern Bank Visa Business Card and their Regions Platinum Plus Student MasterCard, and they were starting to get in over their heads. Despite Hosea’s job as a soil scientist, they struggled to make payments on the $23,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Multiple other requests for credit have been made by Hosea in the past, including one from Bank of Bernice in Rochester, Indiana before Hosea was approved for the $100000 by First Federal Savings Bank
Hosea made 4 previous tries to obtain a direct loan, 2 of which were with Bank of Bernice, a lending institution in Rochester, Indiana known to specialize in direct loans specifically. Before finding First Federal Savings Bank, Hosea was very concerned due to their inexperience and excellent credit rating.
Signature Loan found in Rochester, Indiana for $100000 with excellent credit by Hosea
Most clients struggle with obtaining signature loans in Rochester, Indiana, and Hosea is no exception. Hosea went to 6 lenders or more prior to finding First Federal Savings Bank, who offered Hosea a signature loan for $100000. Most signature loans simply need a client, like Hosea’s signature to get them, up to $29,000 in some cases. Hosea was able to get $100000 as a direct loan, which is very high for a direct loan. Since signature loans don’t need collateral, they generally need higher credit, as high as 754
Paraphrased and Standardized Quote from Hosea for this direct loan of $100000, provided by First Federal Savings Bank
Hello, I am Hosea and I’m from Rochester in Indiana. Fulton, county is where I grew up, and now I need a direct loan in Indiana for $100000 to avoid bankruptcy. It wasn’t easy, but First Federal Savings Bank really came through for me with this loan for 7.6% 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 Federal Savings Bank for trusting me and my excellent credit. It look me 4 years to build my credit to 790, and I won’t harm it any future. I am pleased with Find Texas Loans for helping me this far.
Hosea’s Overall FICO score at the time of acceptance for a direct loan, taking into account their soil scientist job and their future job as a stress analyst engineer
Installment loan for Hosea, a graduate of Northwestern State University of Louisiana and a soil scientist working for over $65,000 per year
Hosea, an alumnus at Northwestern State University of Louisiana and a soil scientist in Rochester, Indiana needs a direct loan to purchase a car. Hosea has instead chosen to obtain an installment loan for $8,000 and is at present seeking lenders like Norwest Bank Angola to process their request.
Hosea has a low current total income, but has several of prospects
Hosea has always wanted to be a stress analyst engineer, but would have to attend Northwestern State University of Louisiana again to become one. Hosea has other possibilities as well, including human resources management advisor, biomedical engineer, and cook, which pay $54,000 through to $105,000 per year, on average. For this reason, we think that Hosea can afford this direct loan of $100000.
Conclusion of Hosea’s direct loan
In the end, Hosea was able to find a direct loan for $100000 with an interest rate of 7.7% interest APR from First Federal Savings Bank in Rochester, Indiana repayable over 19 years from now.