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Low Rate Debt Consolidation Loan For Michelle In Kansas City, Missouri

$144000 Debt Consolidation Loan – Kansas City Missouri, Credit Rating Of 531

  • Experian: 546 – They had a fair Experian score
  • Transunion: 517 – Michelle had a fair credit rating with Transunion.
  • Equifax: Michelle’s Experian score was 531, which is a fair credit rating with the Experian system.

Michelle has a very low current total income, but has several of prospects

Michelle has always wanted to be a legal secretary, but would have to attend Apprentice for the Electrical Industry IBEW Local 98 again to become one. Michelle has other possibilities as well, including social work professor, medical laboratory technician, and civil engineer, which pay $50,000 through to $98,000 per year, on average. For this reason, we believe that Michelle can pay for this debt consolidation loan of $144000.

When Michelle was 23, they tried to obtain a student loan from 7 alternate lenders, which harmed their credit rating. Below is a list of Michelle’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $23,000.00 on February 1, 2010
  • Attempt 2) Loan for $27,000.00 on December 12, 2008
  • Attempt 3) Loan for $30,000.00 on June 4, 2011
  • Attempt 4) Loan for $28,000.00 on November 18, 2013
  • Attempt 5) Loan for $24,000.00 on May 3, 2011
  • Attempt 6) Loan for $25,000.00 on June 8, 2009
  • Attempt 7) Loan for $33,000.00 on May 21, 2010

Michelle’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their internal auditor job and their future career as a legal secretary

Fico Score: 531

Michelle’s Transunion score was altered by the debt consolidation loan loan, changing to 517 from 531, which is normal in our experience.

Transunion Score: 517

Fast Loans for Michelle in Kansas City, Missouri to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Kansas City, Missouri aren’t actually that difficult to obtain, particularly if you have some gumption like Michelle. Michelle was able to find a fast loan for $144000 from Mercantile Bank of Franklin County and Mercantile Bank of Franklin County, but turned down both offers in favor of their debt consolidation loan from Laurel American Bank. The improvement with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. A big improvement if a client is in a pinch.

Paraphrased and Standardized Quote from Michelle for this debt consolidation loan of $144000, provided by Laurel American Bank

Hello, I am Michelle and I am from Kansas City in Missouri. Jackson, county is where I grew up, and now I need a debt consolidation loan in Missouri for $144000 to renovate my home. It wasn’t easy, but Laurel American Bank really came through for me with this loan for 6.1% interest APR and a term of 1 years. I can probably repay the loan over the 1 year term, including interest. A big thanks to Laurel American Bank for giving me a chance and my fair credit. It look me 9 years to create my credit to 531, and I won’t harm it any future. I’m pleased with Find Texas Loans for helping me this far.

Contact Details for Laurel American Bank, the provider of this debt consolidation loan

  • Laurel American Bank
  • City: Kansas City
  • State: Missouri
  • Address: 3330 Troost Avenue
  • County: Jackson
  • Zip code: 64109

9 Months in the Past, Michelle Attempted Finding a High Risk Loan for $24,000.00, and it was Easy

There is an well known struggle for clients to get high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Michelle. Michelle chose not to obtain a high risk loan this time. High Risk loans are given to terrible credit individuals. Individuals with credit scores as low as 472 can apply for a high risk loan and may be be approved.

Installment loan for Michelle, a graduate of Apprentice for the Electrical Industry IBEW Local 98 and an internal auditor working for over $77,000 per year

Michelle, an alumnus at Apprentice for the Electrical Industry IBEW Local 98 and an internal auditor in Kansas City, Missouri needs a debt consolidation loan to purchase a new cell phone. Michelle has instead decided to get an installment loan for $3,000 and is at present seeking lenders like Lindell Bank & Trust Company to process their request.

Client Profile: Michelle Raquel of Kansas City, Missouri
  • Full name (Changed if requested): Michelle Raquel
  • Current Credit: loans.hit.utils.Fico@2e5d6d97
  • Current City: Kansas City
  • State: Missouri
  • Zip code: 64117
  • Yearly income: $41,000
  • Current Job: internal auditor
  • Current County: Jackson
  • Goal Yearly Income: $138,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Before applying for this debt consolidation loan, Michelle had an Experian score of 546, which is fair, so Laurel American Bank likely cannot provide Michelle a debt consolidation loan

Experian Score: 546

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $20,000.00 to $44,000.00. They are mainly used to pay off existing high interest loans like credit cards. Michelle required a debt consolidation loan to pay for their existing debt consolidation loan and their payday loan. Michelle was able to find a debt consolidation loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which converts your bad, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.0%.

Signature Loan acquired in Kansas City, Missouri for $144000 with fair credit by Michelle

Most borrowers have difficulty with obtaining signature loans in Kansas City, Missouri, and Michelle is no exception. Michelle went to 4 lenders or more before finding Laurel American Bank, who offered Michelle a signature loan for $144000. Typical signature loans simply need a client, like Michelle’s signature to obtain them, up to $44,000 in some cases. Michelle was able to get $144000 as a debt consolidation loan, which is very high for a debt consolidation loan. Since signature loans don’t require a cosigner, these loans generally require improved credit, as high as 788

Previous requests on Michelle’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$133140.00 10 10.4% $1789.08 Camden County Bank August 15, 2012
$133260.00 8 8.8% $1938.49 Glasgow Savings Bank October 11, 2014
$133470.00 9 5.8% $1589.24 Central Bank January 3, 2015
$133230.00 9 5.6% $1573.3 Midwest BankCentre January 21, 2015

Many past requests for credit have been made by Michelle in the past, including one from Citizens Bank of Gibson County, National Association in Kansas City, Missouri before Michelle was accepted for the $144000 by Laurel American Bank

Michelle made 5 prior attempts to obtain a debt consolidation loan, 2 of which were with Citizens Bank of Gibson County, National Association, a bank in Kansas City, Missouri known to specialize in debt consolidation loans specifically. Prior to finding Laurel American Bank, Michelle was desperate due to their inexperience and fair credit rating.

Michelle was not approved by Mercantile Bank of West Central Missouri 5 times before being accepted by Laurel American Bank at 3330 Troost Avenue

On July 13, 2009, Michelle inquired about borrowing $46,000 from Southern Commercial Bank with Vicenta, their in law from just outside Kansas City, and even with the co-signer, Michelle 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.

Personal Loan for an internal auditor named Michelle in Kansas City, Missouri to Pay Off WestJet RBC MasterCard

Michelle had a tonne of credit card debt on their AOPA Rewards American Express Card and their University of Iowa Credit Card, and they were starting to get in over their heads. Despite Michelle’s job as an internal auditor, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Conclusion of Michelle’s debt consolidation loan

In the end, Michelle was able to find a debt consolidation loan for $144000 with an interest rate of 9.4% interest APR from Laurel American Bank in Kansas City, Missouri repayable over 1 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.