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Low Rate Debt Consolidation Loan For Brittny In Sheridan, Arkansas

$48000 Debt Consolidation Loan – Sheridan Arkansas, Credit Rating Of 544

  • Experian: 561 – This client had a fair Experian score
  • Transunion: 530 – Brittny had a fair credit score with Transunion.
  • Equifax: Brittny’s Experian score was 544, which is a fair credit score using the Experian system.

Paraphrased and Standardized Quote from Brittny for this debt consolidation loan of $48000, provided by First National Bank of Sheridan

Hello, I am Brittny and I am from Sheridan in Arkansas. Grant, county is where I grew up, and now I need a debt consolidation loan in Arkansas for $48000 to pay bills. It wasn’t easy, but First National Bank of Sheridan really came through for me with this loan for 5.7% interest APR and a term of 11 years. I can probably repay the loan over the 11 year term, including interest. A big thanks to First National Bank of Sheridan for giving me a chance and my fair credit. It look me 8 years to create my credit to 544, and I won’t harm it any more. I’m pleased with Find Texas Loans for helping me this far.

Contact Details for First National Bank of Sheridan, the provider of this debt consolidation loan

  • First National Bank of Sheridan
  • City: Sheridan
  • State: Arkansas
  • Address: 215 North Oak Street
  • County: Grant
  • Zip code: 72150

Installment loan for Brittny, a graduate of Bellevue University and an electromechanical equipment assembler working for over $63,000 per year

Brittny, an alumnus at Bellevue University and an electromechanical equipment assembler in Sheridan, Arkansas wants a debt consolidation loan to purchase a car. Brittny has instead decided to get an installment loan for $19,000 and is currently seeking lenders like Bank of Weiner to provide it.

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

Brittny has always wanted to be an interpreter for the hearing impaired, but would need attend Bellevue University again to achieve it. Brittny has other possibilities as well, including standards engineer, musical instrument tuner, and narcotics investigator, which pay $54,000 through to $91,000 per year, at least. For this reason, we think that Brittny can afford this debt consolidation loan of $48000.

Signature Loan found in Sheridan, Arkansas for $48000 with fair credit by Brittny

A lot of prospective borrowers have difficulty with finding signature loans in Sheridan, Arkansas, and Brittny is not an exception. Brittny went to 8 lending institutions or more before settling on First National Bank of Sheridan, who offered Brittny a signature loan for $48000. Typical signature loans simply need a client, like Brittny’s signature to obtain them, up to $47,000 in some cases. Brittny was able to get $48000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans don’t need a cosigner, they generally require improved credit, as high as 719

Previous requests on Brittny’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$57640.00 4 8.5% $1420.73 Bank of Weiner January 27, 2009
$57570.00 8 9.8% $867.5 Horizon Bank August 1, 2011
$57550.00 6 8.1% $1011.85 Warren Bank and Trust Company November 12, 2011
$57520.00 7 10.6% $972.83 Boatmen’s Bank of Northeast Arkansas August 16, 2013
$57880.00 11 5.4% $582.49 The Security Bank March 26, 2014
Client Profile: Brittny Anders of Sheridan, Arkansas
  • Full name (Changed if requested): Brittny Anders
  • Current Credit: loans.hit.utils.Fico@3941a79c
  • Current City: Sheridan
  • State: Arkansas
  • Zip code: 72157
  • Yearly income: $39,000
  • Current Job: electromechanical equipment assembler
  • Current County: Grant
  • Goal Yearly Income: $112,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

When Brittny was 19, they tried to obtain a student loan from 4 alternate banks, which damaged their credit score. Below is a chronology of Brittny’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $21,000.00 on December 8, 2010
  • Attempt 2) Loan for $32,000.00 on July 4, 2012
  • Attempt 3) Loan for $23,000.00 on August 13, 2012
  • Attempt 4) Loan for $27,000.00 on May 9, 2011

Brittny was not approved by Boatmen’s Bank of Northeast Arkansas 7 times before being approved by First National Bank of Sheridan at 215 North Oak Street

On January 26, 2013, Brittny applied about borrowing $16,000 from Commercial Bank at Alma with Arnette, their friend from just outside Sheridan, and even with the co-signer, Brittny was rejected for this debt consolidation loan. With fair credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

Before applying for this debt consolidation loan, Brittny had an Experian score of 561, which is fair, so First National Bank of Sheridan likely cannot provide Brittny a debt consolidation loan

Experian Score: 561

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Average debt consolidation loans range from $39,000.00 to $58,000.00. They are normally used to pay off existing high interest loans like credit cards. Brittny required a debt consolidation loan to pay for their existing debt consolidation loan and their loan shark loan. Brittny was able to find a debt consolidation loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your dirty, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 2.8%.

Several past requests for credit have been made by Brittny in the past, including one from Massachusetts Co-operative Bank in Sheridan, Arkansas before Brittny was approved for the $48000 by First National Bank of Sheridan

Brittny made 7 prior attempts to obtain a debt consolidation loan, 2 of which were with Massachusetts Co-operative Bank, a lending institution in Sheridan, Arkansas known to specialize in debt consolidation loans specifically. Prior to finding First National Bank of Sheridan, Brittny was concerned due to their inexperience and fair credit score.

9 Months in the Past, Brittny Attempted to Find a High Risk Loan for $33,000.00, and it was Easy

It is an ongoing struggle for borrowers to find high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Brittny. Brittny chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit individuals. Individuals with credit ratings as low as 589 can apply for a high risk loan and may be be accepted.

Fast Loans for Brittny in Sheridan, Arkansas to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Sheridan, Arkansas aren’t actually that difficult to obtain, especially if you have some finesse like Brittny. Brittny was able to find a fast loan for $48000 from Bank of Weiner and Planters Bank & Trust Company, but declined both offers in favor of their debt consolidation loan from First National Bank of Sheridan. The difference with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. An improvement if a client is on the go.

Brittny’s Transunion score was changed by the debt consolidation loan loan, changing to 530 from 544, which is normal in our experience.

Transunion Score: 530

Personal Loan for an electromechanical equipment assembler named Brittny in Sheridan, Arkansas to Pay Off Tampa Bay Buccaneers NFL Extra Points Visa Signature Card

Brittny had a tonne of credit card debt on their Armed Forces Bank Visa Credit Card and their Ebates Cash Back Visa Platinum Card, and they were starting to get in over their heads. Despite Brittny’s job as an electromechanical equipment assembler, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Brittny’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their electromechanical equipment assembler job and their future career as an interpreter for the hearing impaired

Fico Score: 544

Conclusion of Brittny’s debt consolidation loan

In the end, Brittny was able to find a debt consolidation loan for $48000 with an interest rate of 7.7% interest APR from First National Bank of Sheridan in Sheridan, Arkansas repayable over 11 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.