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Low Rate Mortgage For Nicholas In Corbin, Kentucky

$132000 Mortgage – Corbin Kentucky, Credit Score Of 353

  • Experian: 368 – This individual had a terrible Experian score
  • Transunion: 335 – Nicholas had a terrible credit score with Transunion.
  • Equifax: Nicholas’s Experian score was 353, which is a terrible credit score on the Experian system.

Previous requests on Nicholas’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$128340.00 9 7.1% $1611.56 Stock Yards Bank & Trust Company June 20, 2009
$127800.00 6 5.8% $2105.97 Farmers Deposit Bank of Brandenburg September 28, 2011
$127520.00 4 11.5% $3326.87 Citizens Bank October 16, 2011
$128220.00 4 5.1% $2958.63 Citizens Bank & Trust Company, Burgin, Kentucky August 19, 2012

Paraphrased and Standardized Quote from Nicholas for this mortgage of $132000, provided by Tri-County National Bank

Hello, I am Nicholas and I am from Corbin in Kentucky. Knox, county is where I grew up, and now I need a mortgage in Kentucky for $132000 to buy a big ticket item. It wasn’t easy, but Tri-County National Bank really came through for me with this loan for 8.3% interest APR and a term of 13 years. I will repay the loan over the 13 year term, including interest. A big thanks to Tri-County National Bank for giving me a chance and my terrible credit. It look me 8 years to create my credit to 353, and I won’t harm it any more. I am pleased with Find Texas Loans for helping me this far.

Nicholas’s Transunion score was changed by the mortgage loan, changing to 335 from 353, which is typical in our experience.

Transunion Score: 335

Personal Loan for a ceiling tile installer named Nicholas in Corbin, Kentucky to Pay Off Merrill Lynch Total Merrill Cash Back

Nicholas had a lot of credit card debt on their Fidelity Investment Rewards American Express Card and their Sports Authority Credit Card, and they were starting to get in over their heads. Despite Nicholas’s job as a ceiling tile installer, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Signature Loan found in Corbin, Kentucky for $132000 with terrible credit by Nicholas

A lot of clients struggle with obtaining signature loans in Corbin, Kentucky, and Nicholas is the same. Nicholas went to 7 lenders or more prior to settling on Tri-County National Bank, who offered Nicholas a signature loan for $132000. Typical signature loans simply need a client, like Nicholas’s signature to obtain them, up to $30,000 in some cases. Nicholas was able to get $132000 as a mortgage, which is very high for a mortgage. Since signature loans don’t require collateral, these loans generally need higher credit, as high as 766

Installment loan for Nicholas, a graduate of The University of the Arts and a ceiling tile installer working for over $74,000 per year

Nicholas, an alumnus at The University of the Arts and a ceiling tile installer in Corbin, Kentucky wants a mortgage to purchase a new cell phone. Nicholas has instead decided to obtain an installment loan for $20,000 and is at present seeking lenders like Farmers National Bank of London to provide it.

Several other requests for credit have been made by Nicholas in the past, including one from ANB Financial National Association in Corbin, Kentucky before Nicholas was approved for the $132000 by Tri-County National Bank

Nicholas made 7 prior attempts to obtain a mortgage, 2 of which were with ANB Financial National Association, a lender in Corbin, Kentucky known to specialize in mortgages specifically. Before finding Tri-County National Bank, Nicholas was concerned due to their inexperience and terrible credit rating.

Fast Loans for Nicholas in Corbin, Kentucky to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Corbin, Kentucky aren’t actually that difficult to obtain, especially if you have some finesse like Nicholas. Nicholas was able to find a fast loan for $132000 from Southern Deposit Bank and Farmers National Bank of London, but turned down both offers in favor of their mortgage from Tri-County National Bank. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big difference in the case that you are in a time sensitive situation.

Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans range from $29,000.00 to $46,000.00. They are mainly used to pay off existing high interest loans like credit cards. Nicholas needed a debt consolidation loan to pay for their existing mortgage and their loan shark loan. Nicholas was able to find a mortgage in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which converts your dirty, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 3.5%.

When Nicholas was 18, they tried to obtain a student loan from 4 different banks, which damaged their credit score. Below is a list of Nicholas’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $28,000.00 on August 21, 2013
  • Attempt 2) Loan for $37,000.00 on March 8, 2011
  • Attempt 3) Loan for $24,000.00 on May 7, 2013
  • Attempt 4) Loan for $31,000.00 on April 5, 2010

Before applying for this mortgage, Nicholas had an Experian score of 368, which is terrible, so Tri-County National Bank likely cannot provide Nicholas a mortgage

Experian Score: 368

Client Profile: Nicholas Shiner of Corbin, Kentucky
  • Full name (Changed if requested): Nicholas Shiner
  • Current Credit: loans.hit.utils.Fico@50040f0c
  • Current City: Corbin
  • State: Kentucky
  • Zip code: 40703
  • Yearly income: $69,000
  • Current Job: ceiling tile installer
  • Current County: Knox
  • Goal Yearly Income: $103,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Nicholas has a disappointing current yearly income, but has several of prospects

Nicholas has always wanted to be a foreign service peacekeeping specialist, but would need attend The University of the Arts again to become one. Nicholas has other prospects as well, including health care facilities inspector, pilot, and pbx installer and repairer, which pay $50,000 through to $98,000 per year, at least. Because of this, we believe that Nicholas can afford this mortgage of $132000.

Nicholas was rejected by The First State Bank and Trust Company of Manchester, Kentucky 7 times before being approved by Tri-County National Bank at Master Street And Beatty Avenue

On September 17, 2012, Nicholas applied about borrowing $36,000 from The First State Bank of Pineville with Madeleine, their in law from just outside Corbin, and even with the co-signer, Nicholas was rejected for this mortgage. With terrible credit, it can be very hard to procure financing, even with collateral and a co-signer.

6 Months in the Past, Nicholas Tried Finding a High Risk Loan for $24,000.00, and it was Hard

It is an well known struggle for borrowers to get high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Nicholas. Nicholas decided not to obtain a high risk loan this time. High Risk loans are given to very low credit applicants. Clients with credit scores as low as 578 can apply for a high risk loan and may be be accepted.

Nicholas’s Overall FICO score at the time of acceptance for a mortgage, taking into account their ceiling tile installer job and their future job as a foreign service peacekeeping specialist

Fico Score: 353

Contact Details for Tri-County National Bank, the provider of this mortgage

  • Tri-County National Bank
  • City: Corbin
  • State: Kentucky
  • Address: Master Street And Beatty Avenue
  • County: Knox
  • Zip code: 40701

Conclusion of Nicholas’s mortgage

In the end, Nicholas was able to find a mortgage for $132000 with an interest rate of 6.5% interest APR from Tri-County National Bank in Corbin, Kentucky repayable over 13 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.