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Kimber Needed A Private Loan For $48000, Madison, Alabama

$48000 Private Loan – Madison Alabama, Credit Score Of 330

  • Experian: 348 – This individual had a terrible Experian rating
  • Transunion: 312 – Kimber had a terrible credit score with Transunion.
  • Equifax: Kimber’s Experian score was 330, which is a terrible credit rating with the Experian scale.

7 Months Ago, Kimber Tried Finding a High Risk Loan for $33,000.00, and it was Easy

There is an well known struggle for borrowers to find high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Kimber. Kimber chose not to get a high risk loan this time. High Risk loans are given to terrible credit borrowers. Borrowers with credit scores as low as 464 can apply for a high risk loan and may be be accepted.

Installment loan for Kimber, a graduate of Northland Career Center and a reliability engineer working for over $76,000 per year

Kimber, an alumnus at Northland Career Center and a reliability engineer in Madison, Alabama wants a private loan to purchase a house. Kimber has instead decided to get an installment loan for $19,000 and is at present seeking lenders like The Exchange Bank of Alabama to process their request.

Multiple past requests for credit have been made by Kimber in the past, including one from The Florida National Bank at Orlando in Madison, Alabama before Kimber was accepted for the $48000 by Bankers Trust of Madison

Kimber made 5 previous attempts to obtain a private loan, 2 of which were with The Florida National Bank at Orlando, a lending institution in Madison, Alabama known to specialize in private loans specifically. Before finding Bankers Trust of Madison, Kimber was very concerned due to their inexperience and terrible credit rating.

Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans vary from $26,000.00 to $50,000.00. They are normally used to pay off existing high interest loans like credit cards. Kimber required a debt consolidation loan to pay for their existing private loan and their payday loan. Kimber was able to find a private loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your less desirable, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 2.3%.

When Kimber was 18, they attempted to obtain a student loan from 7 alternate banks, which harmed their credit score. Below is a chronology of Kimber’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $29,000.00 on December 27, 2011
  • Attempt 2) Loan for $32,000.00 on September 10, 2010
  • Attempt 3) Loan for $30,000.00 on December 5, 2011
  • Attempt 4) Loan for $36,000.00 on February 4, 2010
  • Attempt 5) Loan for $32,000.00 on January 7, 2013
  • Attempt 6) Loan for $32,000.00 on April 11, 2014
  • Attempt 7) Loan for $32,000.00 on November 8, 2012

Kimber’s Overall FICO score at the time of acceptance for a private loan, taking into account their reliability engineer job and their future career as a disk jockey

Fico Score: 330

Previous requests on Kimber’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$78100.00 7 5.8% $1133.45 AuburnBank May 9, 2010
$77840.00 7 8.8% $1244.49 Bank of the South April 9, 2012
$78260.00 9 5.5% $920.34 Alabama City Bank of Gadsden, Alabama July 29, 2013
$78280.00 3 7.8% $2445.79 The Exchange Bank, Attalla, Alabama August 6, 2014
$77700.00 9 5.1% $898.65 Robertson Banking Company October 25, 2014

Before applying for this private loan, Kimber had an Experian score of 348, which is terrible, so Bankers Trust of Madison likely cannot provide Kimber a private loan

Experian Score: 348

Kimber has a disappointing current yearly income, but has a high number of prospects

Kimber has always wanted to be a disk jockey, but would need attend Northland Career Center again to become one. Kimber has other possibilities as well, including logging tractor operator, technical illustrator, and historic site administrator, which pay $57,000 through to $99,000 per year, on average. Because of this, we believe that Kimber can afford this private loan of $48000.

Fast Loans for Kimber in Madison, Alabama to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Madison, Alabama aren’t actually that difficult to obtain, especially if you have some finesse like Kimber. Kimber was able to find a fast loan for $48000 from The Commercial Bank of Roanoke, Alabama and The Commercial Bank of Roanoke, Alabama, but turned down both offers in favor of their private loan from Bankers Trust of Madison. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big difference if you are in a time sensitive situation.

Personal Loan for a reliability engineer named Kimber in Madison, Alabama to Pay Off Upromise World MasterCard credit card with Gas & Grocery Rewards

Kimber had a lot of credit card debt on their Atlanta Falcons NFL Extra Points Visa Signature Card and their Nebraska Humane Society Visa Platinum Rewards Card, and they were starting to get in over their heads. Despite Kimber’s job as a reliability engineer, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Kimber’s Transunion score was altered by the private loan loan, changing to 312 from 330, which is typical in our experience.

Transunion Score: 312

Contact Details for Bankers Trust of Madison, the provider of this private loan

  • Bankers Trust of Madison
  • City: Madison
  • State: Alabama
  • Address: 3751 Sullivan Street
  • County: Madison
  • Zip code: 35758
Client Profile: Kimber Swaringen of Madison, Alabama
  • Full name (Changed if requested): Kimber Swaringen
  • Current Credit: loans.hit.utils.Fico@3f91beef
  • Current City: Madison
  • State: Alabama
  • Zip code: 35763
  • Yearly income: $68,000
  • Current Job: reliability engineer
  • Current County: Madison
  • Goal Yearly Income: $95,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Signature Loan acquired in Madison, Alabama for $48000 with terrible credit by Kimber

A lot of prospective borrowers have difficulty with finding signature loans in Madison, Alabama, and Kimber is the same. Kimber went to 5 lenders or more before settling on Bankers Trust of Madison, who offered Kimber a signature loan for $48000. Most signature loans simply need a client, like Kimber’s signature to obtain them, up to $48,000 in some cases. Kimber was able to get $48000 as a private loan, which is very high for a private loan. Because signature loans do not need collateral, these loans tend to need better credit, as high as 710

Kimber was not approved by United Bank 4 times before being granted funding by Bankers Trust of Madison at 3751 Sullivan Street

On July 18, 2011, Kimber applied about borrowing $19,000 from Bank of Florala with Luciana, their in law from just outside Madison, and even with the co-signer, Kimber was rejected for this private loan. With terrible credit, it can be a challenge to obtain financing, even with collateral and a co-signer.

Paraphrased and Standardized Quote from Kimber for this private loan of $48000, provided by Bankers Trust of Madison

Hi, I am Kimber and my hometown is Madison in Alabama. Madison, county is where I grew up, and now I need a private loan in Alabama for $48000 to buy a car. It has been difficult, but Bankers Trust of Madison really came through for me with this loan for 6.7% interest APR and a term of 21 years. I will repay the loan over the 21 year term, including interest. A big thanks to Bankers Trust of Madison for trusting me and my terrible credit. It look me 8 years to build my credit to 330, and I won’t tarnish it any more. I am pleased with Find Texas Loans for helping me this far.

Conclusion of Kimber’s private loan

In the end, Kimber was able to find a private loan for $48000 with an interest rate of 9.3% interest APR from Bankers Trust of Madison in Madison, Alabama repayable over 21 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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