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Low Rate Student Loan For Alfredo In Cottonport, Louisiana

$54000 Student Loan – Cottonport Louisiana, Credit Rating Of 341

  • Experian: 359 – They had a terrible Experian rating
  • Transunion: 322 – Alfredo had a terrible credit score with Transunion.
  • Equifax: Alfredo’s Experian score was 341, which is a terrible credit score using the Experian rating scheme.
Client Profile: Alfredo Iborra of Cottonport, Louisiana
  • Full name (Changed if requested): Alfredo Iborra
  • Current Credit: loans.hit.utils.Fico@378fd1ac
  • Current City: Cottonport
  • State: Louisiana
  • Zip code: 71328
  • Yearly income: $43,000
  • Current Job: medical and scientific illustrator
  • Current County: Avoyelles
  • Goal Yearly Income: $143,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Contact Details for Cottonport Bank, the provider of this student loan

  • Cottonport Bank
  • City: Cottonport
  • State: Louisiana
  • Address: 153 Cottonport Avenue
  • County: Avoyelles
  • Zip code: 71327

Alfredo’s Transunion score was changed by the student loan loan, changing to 322 from 341, which is typical in our experience.

Transunion Score: 322

Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans range from $36,000.00 to $53,000.00. They are normally used to pay off existing high interest loans like credit cards. Alfredo needed a debt consolidation loan to pay for their existing student loan and their credit card. Alfredo was able to find a student loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which transfers your bad, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 2.4%.

Many previous requests for credit have been made by Alfredo in the past, including one from American State Bank in Cottonport, Louisiana before Alfredo was approved for the $54000 by Cottonport Bank

Alfredo made 7 previous tries to obtain a student loan, 2 of which were with American State Bank, a bank in Cottonport, Louisiana known to specialize in student loans specifically. Before finding Cottonport Bank, Alfredo was desperate due to their inexperience and terrible credit rating.

Signature Loan found in Cottonport, Louisiana for $54000 with terrible credit by Alfredo

A lot of borrowers struggle with finding signature loans in Cottonport, Louisiana, and Alfredo is no different. Alfredo went to 8 lending institutions or more prior to finding Cottonport Bank, who offered Alfredo a signature loan for $54000. Most signature loans simply need a client, like Alfredo’s signature to obtain them, up to $40,000 in some cases. Alfredo was able to get $54000 as a student loan, which is very high for a student loan. Because signature loans do not require collateral, these loans generally require improved credit, as high as 755

8 Months in the Past, Alfredo Tried to Find a High Risk Loan for $27,000.00, and it was Easy

It is an existing struggle for clients to find 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 frightening to borrowers like Alfredo. Alfredo chose not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit applicants. Borrowers with credit ratings as low as 540 can apply for a high risk loan and may be be approved.

Alfredo was not approved by The Highlands Bank 6 times before being granted funding by Cottonport Bank at 153 Cottonport Avenue

On January 15, 2010, Alfredo inquired about borrowing $44,000 from The First National Bank of Lake Charles with Honey, their in law from just outside Cottonport, and even with the co-signer, Alfredo was rejected for this student loan. With terrible credit, it can be difficult to procure funding, even with collateral and a co-signer.

Fast Loans for Alfredo in Cottonport, Louisiana to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Cottonport, Louisiana aren’t actually that difficult to obtain, particularly if you have some gumption like Alfredo. Alfredo was able to find a fast loan for $54000 from The Premier Bank of South Louisiana and First National Bank of Houma, but turned down both offers in favor of their student loan from Cottonport Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. Much better in the case that a client is in a pinch.

Alfredo’s Overall FICO score at the time of acceptance for a student loan, taking into account their medical and scientific illustrator job and their future career as a systems accountant

Fico Score: 341

Personal Loan for a medical and scientific illustrator named Alfredo in Cottonport, Louisiana to Pay Off AARP Rewards Visa Card

Alfredo had a lot of credit card debt on their Riverview Community Bank Visa Business Bonus Rewards Card and their First Niagara Pinnacle WORLD MasterCard, and they were starting to get in over their heads. Despite Alfredo’s job as a medical and scientific illustrator, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Before applying for this student loan, Alfredo had an Experian score of 359, which is terrible, so Cottonport Bank probably can provide Alfredo a student loan

Experian Score: 359

Previous requests on Alfredo’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$46800.00 9 8.4% $619.02 Bank of Zachary May 16, 2011
$47460.00 5 7.3% $946.5 Landmark Bank November 3, 2011
$47180.00 5 5.6% $903.37 Bank of Gonzales February 15, 2013
$46630.00 4 7.8% $1134.0 The Highlands Bank February 18, 2013
$47170.00 9 7.7% $606.78 Bank of Grand Cane February 2, 2015

When Alfredo was 24, they tried to obtain a student loan from 7 alternate lenders, which harmed their credit score. Below is a chronology of Alfredo’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $36,000.00 on June 11, 2009
  • Attempt 2) Loan for $22,000.00 on February 26, 2013
  • Attempt 3) Loan for $22,000.00 on December 29, 2009
  • Attempt 4) Loan for $35,000.00 on January 27, 2010
  • Attempt 5) Loan for $37,000.00 on October 17, 2010
  • Attempt 6) Loan for $39,000.00 on October 23, 2012
  • Attempt 7) Loan for $27,000.00 on January 5, 2012

Paraphrased and Standardized Quote from Alfredo for this student loan of $54000, provided by Cottonport Bank

Hello, I am Alfredo and I’m from Cottonport in Louisiana. Avoyelles, county is where I grew up, and now I need a student loan in Louisiana for $54000 to renovate my home. It has been difficult, but Cottonport Bank really came through for me with this loan for 7.0% interest APR and a term of 14 years. I will repay the loan over the 14 year term, including interest. A big thanks to Cottonport Bank for giving me a chance and my terrible credit. It look me 4 years to create my credit to 341, and I won’t harm it any future. I’m pleased with Find Texas Loans for helping me this far.

Installment loan for Alfredo, a graduate of Northern Virginia Community College and a medical and scientific illustrator working for over $66,000 per year

Alfredo, an alumnus at Northern Virginia Community College and a medical and scientific illustrator in Cottonport, Louisiana wants a student loan to purchase something frivolous. Alfredo has instead decided to get an installment loan for $12,000 and is currently seeking lenders like The Mer Rouge State Bank to provide it.

Alfredo has a low current gross income, but has a high number of prospects

Alfredo has always wanted to be a systems accountant, but would have to attend Northern Virginia Community College again to become one. Alfredo has other possibilities as well, including personal service supervisor, logging worker supervisor, and farm hand, which pay $53,000 through to $100,000 per year, at least. For this reason, we think that Alfredo can pay for this student loan of $54000.

Conclusion of Alfredo’s student loan

In the end, Alfredo was able to find a student loan for $54000 with an interest rate of 8.7% interest APR from Cottonport Bank in Cottonport, Louisiana repayable over 14 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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