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Low Rate Mortgage For Chanda In Lexington, Kentucky

$48000 Mortgage – Lexington Kentucky, Credit Rating Of 324

  • Experian: 334 – This client had a terrible Experian rating
  • Transunion: 311 – Chanda had a terrible credit score with Transunion.
  • Equifax: Chanda’s Experian score was 324, which is a terrible credit score using the Experian rating scheme.

Chanda’s Overall FICO score at the time of acceptance for a mortgage, taking into account their door to door salesmen job and their future job as an admiralty lawyer

Fico Score: 324

Personal Loan for a door to door salesmen named Chanda in Lexington, Kentucky to Pay Off Tompkins Trust Company Visa Platinum Card

Chanda had a tonne of credit card debt on their PAYjr Visa Buxx Prepaid Card and their KeyBank Business MasterCard Credit Card, and they were starting to get in over their heads. Despite Chanda’s job as a door to door salesmen, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Chanda for this mortgage of $48000, provided by Bank One, Lexington, National Association

Hello, I am Chanda and I’m from Lexington in Kentucky. Fayette, county is where I grew up, and now I need a mortgage in Kentucky for $48000 to buy a big ticket item. It has been difficult, but Bank One, Lexington, National Association really came through for me with this loan for 7.0% interest APR and a term of 24 years. I can probably repay the loan over the 24 year term, including interest. A big thanks to Bank One, Lexington, National Association for trusting me and my terrible credit. It look me 6 years to build my credit to 324, and I won’t harm it any more. I am happy with Find Texas Loans for helping me this far.

Chanda’s Transunion score was altered by the mortgage loan, changing to 311 from 324, which is typical in our experience.

Transunion Score: 311

When Chanda was 20, they tried to obtain a student loan from 4 different banks, which harmed their credit score. Below is a chronology of Chanda’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $23,000.00 on June 17, 2011
  • Attempt 2) Loan for $23,000.00 on January 24, 2011
  • Attempt 3) Loan for $36,000.00 on April 10, 2009
  • Attempt 4) Loan for $34,000.00 on October 7, 2009

Chanda has a very low current total income, but has a large amount of prospects

Chanda has always wanted to be an admiralty lawyer, but would have to attend Ray’s Faith Academy of Beauty Education again to become one. Chanda has other prospects as well, including engineering professor, agricultural equipment operator, and marine architect, which pay $53,000 through to $107,000 per year, at least. Because of this, we believe that Chanda can afford this mortgage of $48000.

Contact Details for Bank One, Lexington, National Association, the provider of this mortgage

  • Bank One, Lexington, National Association
  • City: Lexington
  • State: Kentucky
  • Address: 201 East Main Street
  • County: Fayette
  • Zip code: 40507

Chanda was declined by Citizens Deposit Bank 4 times before being accepted by Bank One, Lexington, National Association at 201 East Main Street

On November 5, 2011, Chanda inquired about borrowing $9,000 from Community Financial Services Bank with Cameron, their in law from just outside Lexington, and even with the co-signer, Chanda was rejected for this mortgage. With terrible credit, it can be a challenge to procure financing, even with collateral and a co-signer.

Fast Loans for Chanda in Lexington, Kentucky to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Lexington, Kentucky aren’t actually that difficult to obtain, especially if you have some finesse like Chanda. Chanda was able to find a fast loan for $48000 from Farmers National Bank of London and Bank of New Haven, but declined both offers in favor of their mortgage from Bank One, Lexington, National Association. 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 installment loans. A big improvement in the case that a client is on the go.

Previous requests on Chanda’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$102110.00 7 6.6% $1521.22 Stock Yards Bank & Trust Company March 9, 2011
$102100.00 11 7.4% $1132.79 Farmers Deposit Bank of Brandenburg August 7, 2014
$102460.00 10 7.4% $1210.88 Citizens Bank February 14, 2015
$101770.00 5 8.4% $2083.07 Citizens Bank & Trust Company, Burgin, Kentucky May 22, 2015

Signature Loan found in Lexington, Kentucky for $48000 with terrible credit by Chanda

A lot of clients struggle with obtaining signature loans in Lexington, Kentucky, and Chanda is not an exception. Chanda went to 4 lending institutions or more prior to settling on Bank One, Lexington, National Association, who offered Chanda a signature loan for $48000. Most signature loans simply need a client, like Chanda’s signature to obtain them, up to $23,000 in some cases. Chanda was able to get $48000 as a mortgage, which is very high for a mortgage. Because signature loans don’t require a cosigner, they tend to require better credit, as high as 708

9 Months Ago, Chanda Tried Finding a High Risk Loan for $47,000.00, and it was Hard

It is an ongoing struggle for borrowers to get high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Chanda. Chanda decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit clients. Individuals with credit scores as low as 398 can inquire for a high risk loan and have a chance to be accepted.

Many past requests for credit have been made by Chanda in the past, including one from BC National Banks in Lexington, Kentucky before Chanda was approved for the $48000 by Bank One, Lexington, National Association

Chanda made 7 prior attempts to obtain a mortgage, 2 of which were with BC National Banks, a lender in Lexington, Kentucky known to specialize in mortgages specifically. Before finding Bank One, Lexington, National Association, Chanda was desperate due to their inexperience and terrible credit rating.

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

Most debt consolidation loans range from $37,000.00 to $54,000.00. They are normally used to pay off existing high interest loans like credit cards. Chanda required a debt consolidation loan to pay for their existing mortgage and their payday loan. Chanda was able to find a mortgage in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which transfers your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.3%.

Before applying for this mortgage, Chanda had an Experian score of 334, which is terrible, so Bank One, Lexington, National Association probably can provide Chanda a mortgage

Experian Score: 334

Client Profile: Chanda Awad of Lexington, Kentucky
  • Full name (Changed if requested): Chanda Awad
  • Current Credit: loans.hit.utils.Fico@7cd84586
  • Current City: Lexington
  • State: Kentucky
  • Zip code: 40514
  • Yearly income: $41,000
  • Current Job: door to door salesmen
  • Current County: Fayette
  • Goal Yearly Income: $136,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Installment loan for Chanda, a graduate of Ray’s Faith Academy of Beauty Education and a door to door salesmen working for over $65,000 per year

Chanda, an alumnus at Ray’s Faith Academy of Beauty Education and a door to door salesmen in Lexington, Kentucky needs a mortgage to purchase a house. Chanda has instead chosen to get an installment loan for $7,000 and is currently seeking lenders like Citizens Bank to process their request.

Conclusion of Chanda’s mortgage

In the end, Chanda was able to find a mortgage for $48000 with an interest rate of 6.6% interest APR from Bank One, Lexington, National Association in Lexington, Kentucky repayable over 24 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.