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Low Rate Debt Consolidation Loan For Josef In Paoli, Indiana

$108000 Debt Consolidation Loan – Paoli Indiana, Credit Rating Of 473

  • Experian: 485 – This individual had a bad Experian rating
  • Transunion: 460 – Josef had a bad credit score with Transunion.
  • Equifax: Josef’s Experian score was 473, which is a bad credit rating using the Experian system.

Josef’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their cosmetologist job and their future job as a weather observer

Fico Score: 473

When Josef was 19, they tried to obtain a student loan from 7 alternate banks, which harmed their credit score. Below is a chronology of Josef’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $37,000.00 on July 1, 2012
  • Attempt 2) Loan for $31,000.00 on March 8, 2014
  • Attempt 3) Loan for $37,000.00 on November 19, 2008
  • Attempt 4) Loan for $31,000.00 on October 3, 2012
  • Attempt 5) Loan for $38,000.00 on April 29, 2010
  • Attempt 6) Loan for $34,000.00 on October 31, 2009
  • Attempt 7) Loan for $29,000.00 on November 3, 2008

Signature Loan acquired in Paoli, Indiana for $108000 with bad credit by Josef

Many prospective borrowers have difficulty with finding signature loans in Paoli, Indiana, and Josef is no different. Josef went to 6 lending institutions or more before finding First National Bank of Paoli, who offered Josef a signature loan for $108000. Typical signature loans simply need a client, like Josef’s signature to obtain them, up to $25,000 in some cases. Josef was able to get $108000 as a debt consolidation loan, which is very high for a debt consolidation loan. Since signature loans don’t require collateral, they generally need improved credit, as high as 723

Paraphrased and Standardized Quote from Josef for this debt consolidation loan of $108000, provided by First National Bank of Paoli

Hello, I am Josef and I’m from Paoli in Indiana. Orange, county is where I grew up, and now I need a debt consolidation loan in Indiana for $108000 to pay bills. It has been difficult, but First National Bank of Paoli really came through for me with this loan for 5.0% interest APR and a term of 5 years. I will repay the loan over the 5 year term, including interest. A big thanks to First National Bank of Paoli for trusting me and my bad credit. It look me 6 years to build my credit to 473, and I won’t harm it any future. I’m pleased with Find Texas Loans for helping me this far.

7 Months in the Past, Josef Attempted to Find a High Risk Loan for $20,000.00, and it was Easy

It is an well known 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 Josef. Josef decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit clients. Clients with credit ratings as low as 346 can apply for a high risk loan and possibly can be approved.

Personal Loan for a cosmetologist named Josef in Paoli, Indiana to Pay Off L.L. Bean Visa Card

Josef had a lot of credit card debt on their FirstBank Credit Cards and their Navy Federal Credit Union Flagship Rewards Visa, and they were starting to get in over their heads. Despite Josef’s job as a cosmetologist, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Fast Loans for Josef in Paoli, Indiana to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Paoli, Indiana aren’t actually that difficult to obtain, especially if you have some gumption like Josef. Josef was able to find a fast loan for $108000 from The Stockwell State Bank and State Bank of Greentown, but turned down both offers in favor of their debt consolidation loan from First National Bank of Paoli. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. An improvement if a client is on the go.

Client Profile: Josef Skalski of Paoli, Indiana
  • Full name (Changed if requested): Josef Skalski
  • Current Credit: loans.hit.utils.Fico@6267c3bb
  • Current City: Paoli
  • State: Indiana
  • Zip code: 47458
  • Yearly income: $67,000
  • Current Job: cosmetologist
  • Current County: Orange
  • Goal Yearly Income: $127,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

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

  • First National Bank of Paoli
  • City: Paoli
  • State: Indiana
  • Address: 215 West Main Street
  • County: Orange
  • Zip code: 47454

Before applying for this debt consolidation loan, Josef had an Experian score of 485, which is bad, so First National Bank of Paoli most likely cannot provide Josef a debt consolidation loan

Experian Score: 485

Installment loan for Josef, a graduate of Texas Woman’s University and a cosmetologist working for over $68,000 per year

Josef, an alumnus at Texas Woman’s University and a cosmetologist in Paoli, Indiana needs a debt consolidation loan to purchase something frivolous. Josef has instead decided to get an installment loan for $17,000 and is currently seeking lenders like The Stockwell State Bank to process their request.

Josef’s Transunion score was altered by the debt consolidation loan loan, changing to 460 from 473, which is normal in our experience.

Transunion Score: 460

Josef has a very low current gross income, but has a high number of prospects

Josef has always wanted to be a weather observer, but would have to attend Texas Woman’s University again to achieve it. Josef has other prospects as well, including sawing machine operator, radio & tv newscaster, and philosophy and religion professor, which pay $56,000 through to $90,000 per year, at least. Because of this, we believe that Josef can afford this debt consolidation loan of $108000.

Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans range from $30,000.00 to $53,000.00. They are mainly used to pay off existing high interest loans like credit cards. Josef required a debt consolidation loan to pay for their existing debt consolidation loan and their loan shark loan. Josef was able to find a debt consolidation loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your bad, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.8%.

Multiple other requests for credit have been made by Josef in the past, including one from Citizens Union Bank in Paoli, Indiana before Josef was approved for the $108000 by First National Bank of Paoli

Josef made 9 previous attempts to obtain a debt consolidation loan, 2 of which were with Citizens Union Bank, a bank in Paoli, Indiana known to specialize in debt consolidation loans specifically. Prior to finding First National Bank of Paoli, Josef was desperate due to their inexperience and bad credit rating.

Previous requests on Josef’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$142470.00 6 7.4% $2456.43 The Citizens Exchange Bank January 14, 2012
$141770.00 5 6.1% $2747.41 Alliance Bank November 3, 2012
$142240.00 6 10.6% $2678.36 Farmers State Bank April 10, 2013
$141540.00 5 11.7% $3127.06 First United Bank, National Association November 20, 2013

Josef was declined by Norwest Bank Angola 5 times before being granted funding by First National Bank of Paoli at 215 West Main Street

On July 2, 2011, Josef inquired about borrowing $31,000 from Farmers Loan and Trust Company with Stuart, their in law from just outside Paoli, and even with the co-signer, Josef was rejected for this debt consolidation loan. With bad credit, it can be challenging to obtain funding, even with collateral and a co-signer.

Conclusion of Josef’s debt consolidation loan

In the end, Josef was able to find a debt consolidation loan for $108000 with an interest rate of 10.3% interest APR from First National Bank of Paoli in Paoli, Indiana repayable over 5 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.