Do you have over $10,000 in Debt? Get Help now.

Low Rate High Risk Loan For Theola In Scottdale, Pennsylvania

$48000 High Risk Loan – Scottdale Pennsylvania, Credit Score Of 336

  • Experian: 350 – They had a terrible Experian score
  • Transunion: 323 – Theola had a terrible credit rating with Transunion.
  • Equifax: Theola’s Experian score was 336, which is a terrible credit rating with the Experian rating scheme.

When Theola was 19, they attempted to obtain a student loan from 4 alternate lenders, which harmed their credit rating. Below is a list of Theola’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $31,000.00 on January 7, 2012
  • Attempt 2) Loan for $22,000.00 on May 16, 2013
  • Attempt 3) Loan for $26,000.00 on February 18, 2009
  • Attempt 4) Loan for $22,000.00 on July 8, 2009

Theola has a low current gross income, but has a large amount of prospects

Theola has always wanted to be a speech pathologist, but would need attend National Louis University again to achieve it. Theola has other prospects as well, including court administrator, financial aid counselor, and industrial engineering technician, which pay $56,000 through to $98,000 per year, at least. Because of this, we believe that Theola can pay for this high risk loan of $48000.

Theola’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their solar energy systems designer job and their future career as a speech pathologist

Fico Score: 336

Theola’s Transunion score was altered by the high risk loan loan, changing to 323 from 336, which is normal in our experience.

Transunion Score: 323

Before applying for this high risk loan, Theola had an Experian score of 350, which is terrible, so The Scottdale Bank & Trust Company most likely cannot provide Theola a high risk loan

Experian Score: 350

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

Normal debt consolidation loans vary from $25,000.00 to $52,000.00. They are mainly used to pay off existing high interest loans like credit cards. Theola needed a debt consolidation loan to pay for their existing high risk loan and their payday loan. Theola was able to find a high risk loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your bad, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.4%.

Theola was not approved by Mellon Bank (East) PSFS, National Association 4 times prior to being accepted by The Scottdale Bank & Trust Company at 150 Pittsburgh Street

On August 22, 2009, Theola applied about borrowing $3,000 from Farmers and Merchants Bank of Cherry Tree, Pa. with Rod, their friend from just outside Scottdale, and even with the co-signer, Theola was rejected for this high risk loan. With terrible credit, it can be difficult to obtain funding, even with collateral and a co-signer.

Fast Loans for Theola in Scottdale, Pennsylvania to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Scottdale, Pennsylvania aren’t actually that difficult to obtain, especially if you have some finesse like Theola. Theola was able to find a fast loan for $48000 from Orrstown Bank and Bank of Pennsylvania, but declined both offers in favor of their high risk loan from The Scottdale Bank & Trust Company. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. A big improvement if a borrower is in a pinch.

Paraphrased and Standardized Quote from Theola for this high risk loan of $48000, provided by The Scottdale Bank & Trust Company

Hello, I am Theola and I am from Scottdale in Pennsylvania. Westmoreland, county is where I grew up, and now I need a high risk loan in Pennsylvania for $48000 to buy a car. It wasn’t easy, but The Scottdale Bank & Trust Company really came through for me with this loan for 7.6% interest APR and a term of 21 years. I will repay the loan over the 21 year term, including interest. A big thanks to The Scottdale Bank & Trust Company for giving me a chance and my terrible credit. It look me 7 years to build my credit to 336, and I won’t tarnish it any future. I am pleased with Find Texas Loans for assisting me this far.

7 Months in the Past, Theola Attempted Finding a High Risk Loan for $36,000.00, but They Didn’t Find What They were Expecting

It is an ongoing struggle for borrowers to find high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Theola. Theola 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 applicants. Individuals with credit scores as low as 495 can apply for a high risk loan and have a chance to be approved.

Client Profile: Theola Franz of Scottdale, Pennsylvania
  • Full name (Changed if requested): Theola Franz
  • Current Credit: loans.hit.utils.Fico@179d3b25
  • Current City: Scottdale
  • State: Pennsylvania
  • Zip code: 15691
  • Yearly income: $65,000
  • Current Job: solar energy systems designer
  • Current County: Westmoreland
  • Goal Yearly Income: $129,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Contact Details for The Scottdale Bank & Trust Company, the provider of this high risk loan

  • The Scottdale Bank & Trust Company
  • City: Scottdale
  • State: Pennsylvania
  • Address: 150 Pittsburgh Street
  • County: Westmoreland
  • Zip code: 15683

Installment loan for Theola, a graduate of National Louis University and a solar energy systems designer working for over $66,000 per year

Theola, an alumnus at National Louis University and a solar energy systems designer in Scottdale, Pennsylvania wants a high risk loan to purchase a house. Theola has instead decided to get an installment loan for $28,000 and is at present seeking lenders like Community Bank and Trust Company to provide it.

Previous requests on Theola’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$78680.00 10 8.4% $971.32 The People’s Bank of Oxford October 5, 2009
$79470.00 6 8.6% $1416.76 First Lehigh Bank January 14, 2012
$79410.00 6 11.7% $1540.12 SunBank September 29, 2013
$79240.00 4 8.1% $1938.2 Merchants Bank (North) May 17, 2014
$78510.00 8 7.1% $1074.29 Green Ridge Bank January 27, 2015

Several other requests for credit have been made by Theola in the past, including one from First Security Savings and Loan Association, A Federal Savings and Loan in Scottdale, Pennsylvania before Theola was accepted for the $48000 by The Scottdale Bank & Trust Company

Theola made 5 previous tries to obtain a high risk loan, 2 of which were with First Security Savings and Loan Association, A Federal Savings and Loan, a bank in Scottdale, Pennsylvania known to specialize in high risk loans specifically. Before finding The Scottdale Bank & Trust Company, Theola was very concerned due to their inexperience and terrible credit rating.

Signature Loan acquired in Scottdale, Pennsylvania for $48000 with terrible credit by Theola

Many borrowers struggle with finding signature loans in Scottdale, Pennsylvania, and Theola is no different. Theola went to 8 lenders or more before settling on The Scottdale Bank & Trust Company, who offered Theola a signature loan for $48000. Most signature loans simply require a client, like Theola’s signature to obtain them, up to $41,000 in some cases. Theola was able to get $48000 as a high risk loan, which is very high for a high risk loan. Since signature loans do not need collateral, they tend to require better credit, as high as 741

Personal Loan for a solar energy systems designer named Theola in Scottdale, Pennsylvania to Pay Off Kansas City Royals MasterCard with Rewards

Theola had a tonne of credit card debt on their Partners 1st FCU Visa Platinum and their RBC Rewards Visa Preferred, and they were starting to get in over their heads. Despite Theola’s job as a solar energy systems designer, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Conclusion of Theola’s high risk loan

In the end, Theola was able to find a high risk loan for $48000 with an interest rate of 11.6% interest APR from The Scottdale Bank & Trust Company in Scottdale, Pennsylvania 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

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.