$20000 Signature Loan – Quincy Illinois, Credit Score Of 457
- Experian: 471 – The client had a bad Experian rating
- Transunion: 442 – Ellsworth had a bad credit rating with Transunion.
- Equifax: Ellsworth’s Experian score was 457, which is a bad credit score using the Experian scale.
Many past requests for credit have been made by Ellsworth in the past, including one from Boatmen’s First National Bank of Kansas City in Quincy, Illinois before Ellsworth was accepted for the $20000 by State Street Bank and Trust Company
Ellsworth made 7 previous tries to obtain a signature loan, 2 of which were with Boatmen’s First National Bank of Kansas City, a lending institution in Quincy, Illinois known to specialize in signature loans specifically. Prior to finding State Street Bank and Trust Company, Ellsworth was concerned due to their inexperience and bad credit rating.
Signature Loan found in Quincy, Illinois for $20000 with bad credit by Ellsworth
A lot of borrowers have difficulty with finding signature loans in Quincy, Illinois, and Ellsworth is no exception. Ellsworth went to 5 lenders or more prior to finding State Street Bank and Trust Company, who offered Ellsworth a signature loan for $20000. Most signature loans simply require a client, like Ellsworth’s signature to obtain them, up to $26,000 in some cases. Ellsworth was able to get $20000 as a signature loan, which is very high for a signature loan. Because signature loans do not need a cosigner, they tend to need higher credit, as high as 748
Ellsworth’s Transunion score was changed by the signature loan loan, changing to 442 from 457, which is normal in our experience.
Previous requests on Ellsworth’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$120160.00||11||6.2%||$1257.99||The Gerber State Bank||March 4, 2009|
|$119530.00||3||10.3%||$3873.75||The Belvidere National Bank and Trust Company||April 28, 2009|
|$120360.00||5||7.6%||$2417.49||Commerce Bank||January 13, 2010|
|$119840.00||9||5.4%||$1403.47||Byron Bank||June 18, 2011|
|$120260.00||5||5.2%||$2280.49||Amalgamated Bank of Chicago||August 26, 2013|
Ellsworth’s Overall FICO score at the time of acceptance for a signature loan, taking into account their clinical sociologist job and their future job as a mining machine operator
Personal Loan for a clinical sociologist named Ellsworth in Quincy, Illinois to Pay Off Ballston Spa Natl Bank VISA Platinum Rewards Credit Card
Ellsworth had a lot of credit card debt on their RBC Pharmaprix Optimum MasterCard and their Sears Commercial One Credit Card, and they were starting to get in over their heads. Despite Ellsworth’s job as a clinical sociologist, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Ellsworth was not approved by Lake Shore National Bank 7 times prior to being accepted by State Street Bank and Trust Company at 801 State Street
On May 24, 2011, Ellsworth applied about borrowing $4,000 from Old Kent Bank with Hettie, their friend from just outside Quincy, and even with the co-signer, Ellsworth was rejected for this signature loan. With bad credit, it can be a challenge to procure funding, even with collateral and a co-signer.
Contact Details for State Street Bank and Trust Company, the provider of this signature loan
- State Street Bank and Trust Company
- City: Quincy
- State: Illinois
- Address: 801 State Street
- County: Adams
- Zip code: 62301
Installment loan for Ellsworth, a graduate of Riverside County Office of Education – Career Technical Education and a clinical sociologist working for over $75,000 per year
Ellsworth, an alumnus at Riverside County Office of Education – Career Technical Education and a clinical sociologist in Quincy, Illinois wants a signature loan to purchase a car. Ellsworth has instead decided to get an installment loan for $7,000 and is currently seeking lenders like Uptown National Bank of Chicago to provide it.
Ellsworth has a low current total income, but has a high number of prospects
Ellsworth has always wanted to be a mining machine operator, but would have to attend Riverside County Office of Education – Career Technical Education again to achieve it. Ellsworth has other possibilities as well, including computer controlled machine tool operator, photogrammetric engineer, and copy writer, which pay $58,000 through to $103,000 per year, on average. For this reason, we believe that Ellsworth can pay for this signature loan of $20000.
- Full name (Changed if requested): Ellsworth Blaeser
- Current Credit: loans.hit.utils.Fico@2dda6444
- Current City: Quincy
- State: Illinois
- Zip code: 62305
- Yearly income: $42,000
- Current Job: clinical sociologist
- Current County: Adams
- Goal Yearly Income: $93,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $0
9 Months Ago, Ellsworth Tried Finding a High Risk Loan for $42,000.00, and it was Hard
There is an existing struggle for clients to find high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Ellsworth. Ellsworth 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 333 can apply for a high risk loan and possibly can be accepted.
Fast Loans for Ellsworth in Quincy, Illinois to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Quincy, Illinois aren’t actually that difficult to obtain, particularly if you have some gumption like Ellsworth. Ellsworth was able to find a fast loan for $20000 from Drexel National Bank and The Belvidere National Bank and Trust Company, but turned down both offers in favor of their signature loan from State Street Bank and Trust Company. 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. An improvement if a client is in a pinch.
When Ellsworth was 18, they tried to obtain a student loan from 7 alternate lenders, which harmed their credit rating. Below is a list of Ellsworth’s prior attempts at finding a student loan:
- Attempt 1) Loan for $23,000.00 on January 2, 2014
- Attempt 2) Loan for $34,000.00 on July 27, 2010
- Attempt 3) Loan for $34,000.00 on May 22, 2010
- Attempt 4) Loan for $39,000.00 on August 11, 2009
- Attempt 5) Loan for $26,000.00 on November 25, 2009
- Attempt 6) Loan for $28,000.00 on January 25, 2013
- Attempt 7) Loan for $37,000.00 on November 17, 2008
Before applying for this signature loan, Ellsworth had an Experian score of 471, which is bad, so State Street Bank and Trust Company likely cannot provide Ellsworth a signature loan
Paraphrased and Standardized Quote from Ellsworth for this signature loan of $20000, provided by State Street Bank and Trust Company
Hi, I am Ellsworth and my hometown is Quincy in Illinois. Adams, county is where I grew up, and now I need a signature loan in Illinois for $20000 to pay bills. It wasn’t easy, but State Street Bank and Trust Company really came through for me with this loan for 8.1% interest APR and a term of 5 years. I can repay the loan over the 5 year term, including interest. A big thanks to State Street Bank and Trust Company for trusting me and my bad credit. It look me 5 years to create my credit to 457, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for helping me this far.
Debt Consolidation Can Help Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans
Normal debt consolidation loans vary from $31,000.00 to $57,000.00. They are normally used to pay off existing high interest loans like credit cards. Ellsworth required a debt consolidation loan to pay for their existing signature loan and their loan shark loan. Ellsworth was able to find a signature loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which changes your dirty, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 3.5%.
Conclusion of Ellsworth’s signature loan
In the end, Ellsworth was able to find a signature loan for $20000 with an interest rate of 9.5% interest APR from State Street Bank and Trust Company in Quincy, Illinois repayable over 5 years from now.