$50000 Home Loan – Kansas City Missouri, Credit Score Of 685
- Experian: 695 – They had a good Experian score
- Transunion: 667 – Virgil had a good credit rating with Transunion.
- Equifax: Virgil’s Experian score was 685, which is a good credit score with the Experian system.
Installment loan for Virgil, a graduate of Ralph H. Johnson VA Medical Center and a recreational protective service worker working for over $68,000 per year
Virgil, an alumnus at Ralph H. Johnson VA Medical Center and a recreational protective service worker in Kansas City, Missouri needs a home loan to purchase a new cell phone. Virgil has instead decided to get an installment loan for $19,000 and is currently seeking lenders like Jefferson-Gravois Bank of St. Louis to process their request.
- Full name (Changed if requested): Virgil Flamio
- Current Credit: loans.hit.utils.Fico@1a6c5a9e
- Current City: Kansas City
- State: Missouri
- Zip code: 64107
- Yearly income: $62,000
- Current Job: recreational protective service worker
- Current County: Jackson
- Goal Yearly Income: $97,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000
Multiple other requests for credit have been made by Virgil in the past, including one from Heritage Bank of Southern Indiana in Kansas City, Missouri before Virgil was approved for the $50000 by Union Bank
Virgil made 7 prior attempts to obtain a home loan, 2 of which were with Heritage Bank of Southern Indiana, a lending institution in Kansas City, Missouri known to specialize in home loans specifically. Before finding Union Bank, Virgil was desperate due to their inexperience and good credit score.
Virgil was rejected by Commerce Bank of Moberly, National Association 4 times before being accepted by Union Bank at 120 West Twelfth Street
On October 22, 2013, Virgil applied about borrowing $41,000 from Midwest BankCentre with Jacelyn, their in law from just outside Kansas City, and even with the co-signer, Virgil was rejected for this home loan. With good credit, it can be difficult to obtain funding, even with collateral and a co-signer.
Signature Loan found in Kansas City, Missouri for $50000 with good credit by Virgil
A lot of prospective borrowers struggle with obtaining signature loans in Kansas City, Missouri, and Virgil is not an exception. Virgil went to 5 lenders or more before finding Union Bank, who offered Virgil a signature loan for $50000. Typical signature loans simply need a client, like Virgil’s signature to obtain them, up to $31,000 in some cases. Virgil was able to get $50000 as a home loan, which is very high for a home loan. Since signature loans don’t require collateral, these loans generally need higher credit, as high as 747
Personal Loan for a recreational protective service worker named Virgil in Kansas City, Missouri to Pay Off Amalgamated Bank MasterCard Standard Secured
Virgil had a tonne of credit card debt on their USAA Military Affiliate World MasterCard and their PartnersFirst Visa, and they were starting to get in over their heads. Despite Virgil’s job as a recreational protective service worker, they struggled to make payments on the $26,000.00 credit card balance, badly needing assistance in the form of a personal loan.
8 Months in the Past, Virgil Attempted Finding a High Risk Loan for $28,000.00, and it was Easy
There is an well known struggle for clients to find high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Virgil. Virgil decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit applicants. Borrowers with credit ratings as low as 499 can apply for a high risk loan and may be be accepted.
Virgil’s Overall FICO score at the time of acceptance for a home loan, taking into account their recreational protective service worker job and their future job as a social worker
Paraphrased and Standardized Quote from Virgil for this home loan of $50000, provided by Union Bank
Hi, I am Virgil and I am from Kansas City in Missouri. Jackson, county is where I grew up, and now I need a home loan in Missouri for $50000 to renovate my home. It has been difficult, but Union Bank really came through for me with this loan for 6.0% interest APR and a term of 15 years. I can repay the loan over the 15 year term, including interest. A big thanks to Union Bank for trusting me and my good credit. It look me 6 years to build my credit to 685, and I won’t tarnish it any future. I am happy with Find Texas Loans for assisting me this far.
Virgil has a disappointing current gross income, but has a large amount of prospects
Virgil has always wanted to be a social worker, but would need attend Ralph H. Johnson VA Medical Center again to achieve it. Virgil has other possibilities as well, including educational psychologist, labor relations advisor, and agricultural inspector, which pay $55,000 through to $92,000 per year, at least. Because of this, we believe that Virgil can pay for this home loan of $50000.
When Virgil was 20, they tried to obtain a student loan from 6 different banks, which damaged their credit rating. Below is a chronology of Virgil’s previous attempts at finding a student loan:
- Attempt 1) Loan for $32,000.00 on January 6, 2012
- Attempt 2) Loan for $22,000.00 on October 11, 2010
- Attempt 3) Loan for $25,000.00 on March 26, 2011
- Attempt 4) Loan for $27,000.00 on July 2, 2010
- Attempt 5) Loan for $37,000.00 on November 13, 2012
- Attempt 6) Loan for $29,000.00 on December 5, 2011
Virgil’s Transunion score was changed by the home loan loan, changing to 667 from 685, which is normal in our experience.
Before applying for this home loan, Virgil had an Experian score of 695, which is good, so Union Bank most likely cannot provide Virgil a home loan
Previous requests on Virgil’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$60260.00||3||5.7%||$1825.05||Camden County Bank||March 18, 2009|
|$60420.00||7||9.7%||$993.7||Glasgow Savings Bank||July 15, 2010|
|$59570.00||5||8.6%||$1225.04||Central Bank||March 2, 2011|
|$59800.00||8||9.5%||$891.67||Midwest BankCentre||July 21, 2014|
|$60270.00||5||5.8%||$1159.59||Commerce Bank of Richmond Heights||December 20, 2014|
Debt Consolidation Will Assist Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans
Most debt consolidation loans range from $37,000.00 to $45,000.00. They are mainly used to pay off existing high interest loans like credit cards. Virgil needed a debt consolidation loan to pay for their existing home loan and their loan shark loan. Virgil was able to find a home loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which converts your dirty, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 2.6%.
Contact Details for Union Bank, the provider of this home loan
- Union Bank
- City: Kansas City
- State: Missouri
- Address: 120 West Twelfth Street
- County: Jackson
- Zip code: 64105
Fast Loans for Virgil in Kansas City, Missouri to prevent bankruptcy or harm from debt collectors.
Fast loans in Kansas City, Missouri aren’t actually that difficult to obtain, especially if you have some finesse like Virgil. Virgil was able to find a fast loan for $50000 from Mercantile Bank of West Central Missouri and Lindell Bank & Trust Company, but declined both offers in favor of their home loan from Union Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. An improvement if a client is in a time sensitive situation.
Conclusion of Virgil’s home loan
In the end, Virgil was able to find a home loan for $50000 with an interest rate of 11.7% interest APR from Union Bank in Kansas City, Missouri repayable over 15 years from now.