$160000 Personal Loan – Easton Illinois, Credit Score Of 750
- Experian: 760 – This individual had an excellent Experian rating
- Transunion: 735 – Myles had an excellent credit rating with Transunion.
- Equifax: Myles’s Experian score was 750, which is an excellent credit rating on the Experian rating scheme.
Fast Loans for Myles in Easton, Illinois to prevent bankruptcy or harm from debt collectors.
Fast loans in Easton, Illinois aren’t actually that difficult to obtain, particularly if you have some finesse like Myles. Myles was able to find a fast loan for $160000 from Greatbank Chicago and Mercantile National Bank of Chicago, but turned down both offers in favor of their personal loan from Community Bank of Easton. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. A big improvement if you are in a pinch.
Before applying for this personal loan, Myles had an Experian score of 760, which is excellent, so Community Bank of Easton probably cannot provide Myles a personal loan
Signature Loan acquired in Easton, Illinois for $160000 with excellent credit by Myles
Many clients struggle with finding signature loans in Easton, Illinois, and Myles is no exception. Myles went to 8 lending institutions or more before finding Community Bank of Easton, who offered Myles a signature loan for $160000. Most signature loans simply need a client, like Myles’s signature to obtain them, up to $31,000 in some cases. Myles was able to get $160000 as a personal loan, which is very high for a personal loan. Because signature loans don’t need collateral, these loans tend to need improved credit, as high as 722
Debt Consolidation Can Help Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks
Average debt consolidation loans vary from $26,000.00 to $54,000.00. They are mainly used to pay off existing high interest loans like credit cards. Myles needed a debt consolidation loan to pay for their existing personal loan and their payday loan. Myles was able to find a personal loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which transfers your dirty, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 2.6%.
When Myles was 20, they tried to obtain a student loan from 5 different banks, which damaged their credit score. Below is a chronology of Myles’s previous attempts at finding a student loan:
- Attempt 1) Loan for $38,000.00 on March 19, 2013
- Attempt 2) Loan for $20,000.00 on May 23, 2011
- Attempt 3) Loan for $25,000.00 on February 6, 2011
- Attempt 4) Loan for $30,000.00 on March 17, 2010
- Attempt 5) Loan for $22,000.00 on February 14, 2012
7 Months in the Past, Myles Tried Finding a High Risk Loan for $25,000.00, and it was Easy
There is an existing struggle for clients to get high risk loans in a safe way. Many high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Myles. Myles chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit borrowers. Individuals with credit scores as low as 465 can apply for a high risk loan and have a chance to be approved.
Previous requests on Myles’s credit
| Principle in USD | Term Length in Years | Annual Percentage Rate | Monthly Payment | Lender’s Branch Name | Date of Request |
|---|---|---|---|---|---|
| $122360.00 | 6 | 9.3% | $2223.87 | The Gerber State Bank | October 27, 2008 |
| $121720.00 | 7 | 9.7% | $2001.88 | The Belvidere National Bank and Trust Company | April 23, 2009 |
| $121880.00 | 4 | 10.3% | $3108.78 | Commerce Bank | December 20, 2010 |
| $121880.00 | 10 | 9.2% | $1557.15 | Byron Bank | August 20, 2011 |
Myles was not approved by The Belvidere National Bank and Trust Company 6 times prior to being approved by Community Bank of Easton at Second And Main Streets
On May 20, 2011, Myles applied about borrowing $10,000 from Lake Shore National Bank with Gil, their in law from just outside Easton, and even with the co-signer, Myles was rejected for this personal loan. With excellent credit, it can be very hard to procure funding, even with collateral and a co-signer.
Myles’s Transunion score was altered by the personal loan loan, changing to 735 from 750, which is normal in our experience.
Myles has a low current yearly income, but has a large amount of prospects
Myles has always wanted to be a radio & tv talk show host, but would need attend Hines VA Hospital again to become one. Myles has other possibilities as well, including aircraft examiner, airport administrator, and veterinary assistant, which pay $55,000 through to $105,000 per year, at least. Because of this, we believe that Myles can pay for this personal loan of $160000.
- Full name (Changed if requested): Myles Dahmen
- Current Credit: loans.hit.utils.Fico@7daf6ecc
- Current City: Easton
- State: Illinois
- Zip code: 62634
- Yearly income: $45,000
- Current Job: restaurant food coordinator
- Current County: Mason
- Goal Yearly Income: $80,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
Myles’s Overall FICO score at the time of acceptance for a personal loan, taking into account their restaurant food coordinator job and their future job as a radio & tv talk show host
Multiple past requests for credit have been made by Myles in the past, including one from Hodge Bank & Trust Company in Easton, Illinois before Myles was accepted for the $160000 by Community Bank of Easton
Myles made 6 previous tries to obtain a personal loan, 2 of which were with Hodge Bank & Trust Company, a lender in Easton, Illinois known to specialize in personal loans specifically. Before finding Community Bank of Easton, Myles was desperate due to their inexperience and excellent credit rating.
Installment loan for Myles, a graduate of Hines VA Hospital and a restaurant food coordinator working for over $72,000 per year
Myles, an alumnus at Hines VA Hospital and a restaurant food coordinator in Easton, Illinois wants a personal loan to purchase something frivolous. Myles has instead decided to obtain an installment loan for $9,000 and is at present seeking lenders like Metropolitan Bank and Trust Company to process their request.
Contact Details for Community Bank of Easton, the provider of this personal loan
- Community Bank of Easton
- City: Easton
- State: Illinois
- Address: Second And Main Streets
- County: Mason
- Zip code: 62633
Paraphrased and Standardized Quote from Myles for this personal loan of $160000, provided by Community Bank of Easton
Hello, I am Myles and I’m from Easton in Illinois. Mason, county is where I grew up, and now I need a personal loan in Illinois for $160000 to renovate my home. It wasn’t easy, but Community Bank of Easton really came through for me with this loan for 7.6% interest APR and a term of 21 years. I can repay the loan over the 21 year term, including interest. A big thanks to Community Bank of Easton for trusting me and my excellent credit. It look me 9 years to create my credit to 750, and I won’t harm it any more. I am happy with Find Texas Loans for helping me this far.
Personal Loan for a restaurant food coordinator named Myles in Easton, Illinois to Pay Off Sleep Number Credit Card
Myles had a tonne of credit card debt on their Wells Fargo Secured Visa Card and their CoreFirst Bank & Trust Classic Visa, and they were starting to get in over their heads. Despite Myles’s job as a restaurant food coordinator, they struggled to make payments on the $29,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Conclusion of Myles’s personal loan
In the end, Myles was able to find a personal loan for $160000 with an interest rate of 10.4% interest APR from Community Bank of Easton in Easton, Illinois repayable over 21 years from now.
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