$24000 Direct Loan – Alamo Georgia, Credit Score Of 614
- Experian: 624 – The client had a good Experian score
- Transunion: 600 – Cherelle had a good credit score with Transunion.
- Equifax: Cherelle’s Experian score was 614, which is a good credit rating using the Experian scale.
Cherelle was declined by Monroe County Bank 7 times prior to being approved by Wheeler County State Bank at 313 W. Main St.
On April 8, 2009, Cherelle inquired about borrowing $23,000 from Peoples Bank of Bartow County with Andrea, their in law from just outside Alamo, and even with the co-signer, Cherelle was rejected for this direct loan. With good credit, it can be challenging to obtain funding, even with collateral and a co-signer.
Cherelle has a low current yearly income, but has a high number of prospects
Cherelle has always wanted to be an irrigation engineer, but would need attend The Watson Institute Psychology Internship again to achieve it. Cherelle has other prospects as well, including fashion artist, biomedical engineer, and pilot, which pay $59,000 through to $97,000 per year, on average. For this reason, we think that Cherelle can afford this direct loan of $24000.
Several previous requests for credit have been made by Cherelle in the past, including one from Coppermark Bank in Alamo, Georgia before Cherelle was accepted for the $24000 by Wheeler County State Bank
Cherelle made 5 prior attempts to obtain a direct loan, 2 of which were with Coppermark Bank, a lender in Alamo, Georgia known to specialize in direct loans specifically. Prior to finding Wheeler County State Bank, Cherelle was concerned due to their inexperience and good credit rating.
Signature Loan easily acquired in Alamo, Georgia for $24000 with good credit by Cherelle
Most clients struggle with finding signature loans in Alamo, Georgia, and Cherelle is no different. Cherelle went to 4 lenders or more before settling on Wheeler County State Bank, who offered Cherelle a signature loan for $24000. Typical signature loans simply require a client, like Cherelle’s signature to get them, up to $44,000 in some cases. Cherelle was able to get $24000 as a direct loan, which is very high for a direct loan. Since signature loans don’t require collateral, these loans tend to need better credit, as high as 710
Previous requests on Cherelle’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$21440.00||4||9.1%||$534.55||NationsBank of Florida, National Association||July 31, 2010|
|$20640.00||6||5.7%||$339.15||Century Bank and Trust||May 10, 2013|
|$21320.00||10||11.1%||$294.89||Bank of Madison||August 15, 2014|
|$21320.00||9||5.3%||$248.65||Bank of Hazlehurst||February 6, 2015|
6 Months Ago, Cherelle Attempted to Find a High Risk Loan for $31,000.00, and it was Easy
It is an well known struggle for clients to find high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Cherelle. Cherelle chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit individuals. Individuals with credit ratings as low as 330 can inquire for a high risk loan and have a chance to be approved.
Installment loan for Cherelle, a graduate of The Watson Institute Psychology Internship and a religious institution education coordinator working for over $66,000 per year
Cherelle, an alumnus at The Watson Institute Psychology Internship and a religious institution education coordinator in Alamo, Georgia wants a direct loan to purchase a car. Cherelle has instead chosen to obtain an installment loan for $22,000 and is currently seeking lenders like Exchange Bank to provide it.
Personal Loan for a religious institution education coordinator named Cherelle in Alamo, Georgia to Pay Off Ashley Furniture HomeStore Credit Card
Cherelle had a tonne of credit card debt on their Jessica London Credit Card and their Harley-Davidson Visa Signature Credit Card, and they were starting to get in over their heads. Despite Cherelle’s job as a religious institution education coordinator, they struggled to make payments on the $26,000.00 credit card balance, badly needing assistance in the form of a personal loan.
When Cherelle was 23, they tried to obtain a student loan from 7 alternate banks, which harmed their credit score. Below is a list of Cherelle’s prior attempts at finding a student loan:
- Attempt 1) Loan for $20,000.00 on December 25, 2011
- Attempt 2) Loan for $36,000.00 on December 17, 2012
- Attempt 3) Loan for $32,000.00 on July 12, 2011
- Attempt 4) Loan for $34,000.00 on August 24, 2011
- Attempt 5) Loan for $24,000.00 on May 23, 2009
- Attempt 6) Loan for $25,000.00 on December 21, 2012
- Attempt 7) Loan for $23,000.00 on January 7, 2009
Paraphrased and Standardized Quote from Cherelle for this direct loan of $24000, provided by Wheeler County State Bank
Hi, I am Cherelle and my hometown is Alamo in Georgia. Wheeler, county is where I grew up, and now I need a direct loan in Georgia for $24000 to pay bills. It has been difficult, but Wheeler County State Bank really came through for me with this loan for 8.6% interest APR and a term of 14 years. I can probably repay the loan over the 14 year term, including interest. A big thanks to Wheeler County State Bank for trusting me and my good credit. It look me 4 years to create my credit to 614, and I won’t harm it any future. I am pleased with Find Texas Loans for assisting me this far.
Fast Loans for Cherelle in Alamo, Georgia to prevent bankruptcy or harm from debt collectors.
Fast loans in Alamo, Georgia aren’t actually that difficult to obtain, especially if you have some finesse like Cherelle. Cherelle was able to find a fast loan for $24000 from First South Bank, National Association and The Rockmart Bank, but turned down both offers in favor of their direct loan from Wheeler County State Bank. The difference with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. Much better if you are in a time sensitive situation.
Contact Details for Wheeler County State Bank, the provider of this direct loan
- Wheeler County State Bank
- City: Alamo
- State: Georgia
- Address: 313 W. Main St.
- County: Wheeler
- Zip code: 30411
Cherelle’s Overall FICO score at the time of acceptance for a direct loan, taking into account their religious institution education coordinator job and their future job as an irrigation engineer
- Full name (Changed if requested): Cherelle Bawcombe
- Current Credit: loans.hit.utils.Fico@27973e9b
- Current City: Alamo
- State: Georgia
- Zip code: 30412
- Yearly income: $56,000
- Current Job: religious institution education coordinator
- Current County: Wheeler
- Goal Yearly Income: $101,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000
Cherelle’s Transunion score was changed by the direct loan loan, changing to 600 from 614, which is normal in our experience.
Before applying for this direct loan, Cherelle had an Experian score of 624, which is good, so Wheeler County State Bank likely cannot provide Cherelle a direct loan
Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks
Most debt consolidation loans vary from $21,000.00 to $43,000.00. They are mainly used to pay off existing high interest loans like credit cards. Cherelle needed a debt consolidation loan to pay for their existing direct loan and their credit card. Cherelle was able to find a direct loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which changes your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 2.5%.
Conclusion of Cherelle’s direct loan
In the end, Cherelle was able to find a direct loan for $24000 with an interest rate of 7.2% interest APR from Wheeler County State Bank in Alamo, Georgia repayable over 14 years from now.