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Kaitlyn Had Need For An Unsecured Loan For $56000, Marietta, Georgia

$56000 Unsecured Loan – Marietta Georgia, Credit Score Of 485

  • Experian: 502 – This individual had a bad Experian score
  • Transunion: 469 – Kaitlyn had a bad credit score with Transunion.
  • Equifax: Kaitlyn’s Experian score was 485, which is a bad credit rating using the Experian scale.

Personal Loan for a mapping technician named Kaitlyn in Marietta, Georgia to Pay Off Steuben Trust Visa Platinum Card

Kaitlyn had a tonne of credit card debt on their Community First Bank MasterCard and their Riverview Community Bank Visa Business Bonus Rewards PLUS Card, and they were starting to get in over their heads. Despite Kaitlyn’s job as a mapping technician, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

9 Months Ago, Kaitlyn Tried to Find a High Risk Loan for $24,000.00, and it was Hard

It is an ongoing struggle for borrowers to find high risk loans in a safe way. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Kaitlyn. Kaitlyn chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit clients. Borrowers with credit scores as low as 320 can apply for a high risk loan and possibly can be accepted.

When Kaitlyn was 22, they tried to obtain a student loan from 5 alternate banks, which harmed their credit rating. Below is a list of Kaitlyn’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $25,000.00 on November 12, 2009
  • Attempt 2) Loan for $24,000.00 on September 5, 2012
  • Attempt 3) Loan for $32,000.00 on October 16, 2009
  • Attempt 4) Loan for $37,000.00 on August 30, 2012
  • Attempt 5) Loan for $37,000.00 on September 15, 2011

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

Kaitlyn has always wanted to be a contract specialist, but would need attend East Texas Baptist University again to become one. Kaitlyn has other possibilities as well, including set designer, fishery worker supervisor, and highway patrol pilot, which pay $53,000 through to $105,000 per year, at least. For this reason, we believe that Kaitlyn can pay for this unsecured loan of $56000.

Signature Loan acquired in Marietta, Georgia for $56000 with bad credit by Kaitlyn

Many borrowers struggle with obtaining signature loans in Marietta, Georgia, and Kaitlyn is not an exception. Kaitlyn went to 8 lenders or more before settling on Cobb Federal Savings Association, who offered Kaitlyn a signature loan for $56000. Typical signature loans simply require a client, like Kaitlyn’s signature to obtain them, up to $37,000 in some cases. Kaitlyn was able to get $56000 as a unsecured loan, which is very high for an unsecured loan. Because signature loans do not need a cosigner, they tend to require higher credit, as high as 729

Contact Details for Cobb Federal Savings Association, the provider of this unsecured loan

  • Cobb Federal Savings Association
  • City: Marietta
  • State: Georgia
  • Address: 50 South Marietta Parkway
  • County: Cobb
  • Zip code: 30064

Paraphrased and Standardized Quote from Kaitlyn for this unsecured loan of $56000, provided by Cobb Federal Savings Association

Hello, I am Kaitlyn and I’m from Marietta in Georgia. Cobb, county is where I grew up, and now I need a unsecured loan in Georgia for $56000 to buy a car. It has been difficult, but Cobb Federal Savings Association really came through for me with this loan for 10.1% interest APR and a term of 3 years. I will repay the loan over the 3 year term, including interest. A big thanks to Cobb Federal Savings Association for giving me a chance and my bad credit. It look me 8 years to build my credit to 485, and I won’t harm it any future. I am pleased with Find Texas Loans for assisting me this far.

Installment loan for Kaitlyn, a graduate of East Texas Baptist University and a mapping technician working for over $75,000 per year

Kaitlyn, an alumnus at East Texas Baptist University and a mapping technician in Marietta, Georgia wants an unsecured loan to purchase a new cell phone. Kaitlyn has instead chosen to obtain an installment loan for $5,000 and is currently seeking lenders like Peoples Bank of Bartow County to process their request.

Kaitlyn was not approved by Bank of Madison 4 times prior to being approved by Cobb Federal Savings Association at 50 South Marietta Parkway

On January 5, 2011, Kaitlyn inquired about borrowing $45,000 from Peoples Bank of Bartow County with Carolyne, their in law from just outside Marietta, and even with the co-signer, Kaitlyn was rejected for this unsecured loan. With bad credit, it can be difficult to obtain funding, even with collateral and a co-signer.

Kaitlyn’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their mapping technician job and their future career as a contract specialist

Fico Score: 485

Client Profile: Kaitlyn Josephs of Marietta, Georgia
  • Full name (Changed if requested): Kaitlyn Josephs
  • Current Credit: loans.hit.utils.Fico@6f539caf
  • Current City: Marietta
  • State: Georgia
  • Zip code: 30066
  • Yearly income: $42,000
  • Current Job: mapping technician
  • Current County: Cobb
  • Goal Yearly Income: $122,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Before applying for this unsecured loan, Kaitlyn had an Experian score of 502, which is bad, so Cobb Federal Savings Association likely cannot provide Kaitlyn an unsecured loan

Experian Score: 502

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

Most debt consolidation loans vary from $22,000.00 to $47,000.00. They are typically used to pay off existing high interest loans like credit cards. Kaitlyn required a debt consolidation loan to pay for their existing unsecured loan and their loan shark loan. Kaitlyn was able to find a unsecured loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which converts your dirty, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.4%.

Several past requests for credit have been made by Kaitlyn in the past, including one from Bank Independent in Marietta, Georgia before Kaitlyn was approved for the $56000 by Cobb Federal Savings Association

Kaitlyn made 7 prior attempts to obtain an unsecured loan, 2 of which were with Bank Independent, a lending institution in Marietta, Georgia known to specialize in unsecured loans specifically. Before finding Cobb Federal Savings Association, Kaitlyn was very concerned due to their inexperience and bad credit score.

Fast Loans for Kaitlyn in Marietta, Georgia to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Marietta, Georgia aren’t actually that difficult to obtain, especially if you have some finesse like Kaitlyn. Kaitlyn was able to find a fast loan for $56000 from Talbot State Bank and The Citizens and Southern Bank of Dublin, but declined both offers in favor of their unsecured loan from Cobb Federal Savings Association. 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 6 weeks for personal loans. A big difference in the case that a borrower is on the go.

Previous requests on Kaitlyn’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$106770.00 11 10.8% $1385.53 NationsBank of Florida, National Association April 21, 2010
$106840.00 4 5.4% $2479.86 Century Bank and Trust March 18, 2011
$107330.00 9 5.2% $1246.53 Bank of Madison April 7, 2013
$106860.00 9 5.6% $1261.9 Bank of Hazlehurst April 18, 2014
$106520.00 3 6.6% $3269.58 The Citizens and Southern Bank of Dublin January 8, 2015

Kaitlyn’s Transunion score was altered by the unsecured loan loan, changing to 469 from 485, which is normal in our experience.

Transunion Score: 469

Conclusion of Kaitlyn’s unsecured loan

In the end, Kaitlyn was able to find an unsecured loan for $56000 with an interest rate of 6.2% interest APR from Cobb Federal Savings Association in Marietta, Georgia repayable over 3 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.