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Low Rate Student Loan For Kip In Grant City, Missouri

$58000 Student Loan – Grant City Missouri, Credit Rating Of 743

  • Experian: 754 – The client had an excellent Experian score
  • Transunion: 726 – Kip had an excellent credit rating with Transunion.
  • Equifax: Kip’s Experian score was 743, which is an excellent credit score with the Experian rating scheme.

Installment loan for Kip, a graduate of Northcentral Technical College and a controller working for over $79,000 per year

Kip, an alumnus at Northcentral Technical College and a controller in Grant City, Missouri needs a student loan to purchase something frivolous. Kip has instead chosen to get an installment loan for $28,000 and is at present seeking lenders like Boatmen’s Bank of Webster Groves to provide it.

Personal Loan for a controller named Kip in Grant City, Missouri to Pay Off DCU Visa Platinum Secured Credit Card

Kip had a tonne of credit card debt on their Silver Prepaid MasterCard and their Fifth Third Business MasterCard, and they were starting to get in over their heads. Despite Kip’s job as a controller, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

When Kip was 18, they attempted to obtain a student loan from 4 different banks, which damaged their credit score. Below is a chronology of Kip’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $31,000.00 on February 19, 2013
  • Attempt 2) Loan for $37,000.00 on October 27, 2012
  • Attempt 3) Loan for $27,000.00 on February 13, 2013
  • Attempt 4) Loan for $29,000.00 on November 28, 2009

6 Months in the Past, Kip Tried Finding a High Risk Loan for $49,000.00, and it was Hard

It is an well known struggle for clients 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 physically harmful to borrowers like Kip. Kip chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit clients. Clients with credit ratings as low as 506 can inquire for a high risk loan and have a chance to be accepted.

Paraphrased and Standardized Quote from Kip for this student loan of $58000, provided by Farmers Bank of Grant City/Sheridan

Hello, I am Kip and I’m from Grant City in Missouri. Worth, county is where I grew up, and now I need a student loan in Missouri for $58000 to buy a car. It has been difficult, but Farmers Bank of Grant City/Sheridan really came through for me with this loan for 5.8% interest APR and a term of 23 years. I can repay the loan over the 23 year term, including interest. A big thanks to Farmers Bank of Grant City/Sheridan for trusting me and my excellent credit. It look me 4 years to build my credit to 743, and I won’t harm it any more. I am pleased with Find Texas Loans for helping me this far.

Fast Loans for Kip in Grant City, Missouri to prevent bankruptcy or harm from debt collectors.

Fast loans in Grant City, Missouri aren’t actually that difficult to obtain, especially if you have some gumption like Kip. Kip was able to find a fast loan for $58000 from Northwestern Bank and Trust Company and Lindell Bank & Trust Company, but turned down both offers in favor of their student loan from Farmers Bank of Grant City/Sheridan. The difference with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. Much better if a client is on the go.

Before applying for this student loan, Kip had an Experian score of 754, which is excellent, so Farmers Bank of Grant City/Sheridan probably cannot provide Kip a student loan

Experian Score: 754

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

Normal debt consolidation loans vary from $29,000.00 to $49,000.00. They are mainly used to pay off existing high interest loans like credit cards. Kip required a debt consolidation loan to pay for their existing student loan and their payday loan. Kip was able to find a student loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your bad, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 4.0%.

Kip has a very low current yearly income, but has a large amount of prospects

Kip has always wanted to be a bulldozer / grader operator, but would have to attend Northcentral Technical College again to become one. Kip has other possibilities as well, including nursing professor, industrial engineering technician, and respiratory therapist, which pay $53,000 through to $98,000 per year, on average. For this reason, we think that Kip can afford this student loan of $58000.

Client Profile: Kip Silvio of Grant City, Missouri
  • Full name (Changed if requested): Kip Silvio
  • Current Credit: loans.hit.utils.Fico@17a7cec2
  • Current City: Grant City
  • State: Missouri
  • Zip code: 64465
  • Yearly income: $52,000
  • Current Job: controller
  • Current County: Worth
  • Goal Yearly Income: $126,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Several other requests for credit have been made by Kip in the past, including one from First National Bank & Trust Company in Larned in Grant City, Missouri before Kip was accepted for the $58000 by Farmers Bank of Grant City/Sheridan

Kip made 6 previous tries to obtain a student loan, 2 of which were with First National Bank & Trust Company in Larned, a bank in Grant City, Missouri known to specialize in student loans specifically. Before finding Farmers Bank of Grant City/Sheridan, Kip was desperate due to their inexperience and excellent credit rating.

Contact Details for Farmers Bank of Grant City/Sheridan, the provider of this student loan

  • Farmers Bank of Grant City/Sheridan
  • City: Grant City
  • State: Missouri
  • Address: 101 West Third Street
  • County: Worth
  • Zip code: 64456

Kip was not approved by Commerce Bank of Richmond Heights 4 times prior to being granted funding by Farmers Bank of Grant City/Sheridan at 101 West Third Street

On July 23, 2009, Kip applied about borrowing $47,000 from Northwestern Bank and Trust Company with Galina, their friend from just outside Grant City, and even with the co-signer, Kip was rejected for this student loan. With excellent credit, it can be difficult to obtain financing, even with collateral and a co-signer.

Kip’s Overall FICO score at the time of acceptance for a student loan, taking into account their controller job and their future job as a bulldozer / grader operator

Fico Score: 743

Signature Loan found in Grant City, Missouri for $58000 with excellent credit by Kip

Most clients struggle with finding signature loans in Grant City, Missouri, and Kip is no different. Kip went to 4 lending institutions or more prior to settling on Farmers Bank of Grant City/Sheridan, who offered Kip a signature loan for $58000. Most signature loans simply require a client, like Kip’s signature to get them, up to $41,000 in some cases. Kip was able to get $58000 as a student loan, which is very high for a student loan. Since signature loans don’t require a cosigner, these loans generally need improved credit, as high as 725

Kip’s Transunion score was changed by the student loan loan, changing to 726 from 743, which is normal in our experience.

Transunion Score: 726

Previous requests on Kip’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$63420.00 10 6.2% $710.48 Camden County Bank April 2, 2010
$63460.00 9 7.7% $816.33 Glasgow Savings Bank January 26, 2011
$62680.00 5 8.3% $1279.94 Central Bank May 20, 2014
$62660.00 8 8.4% $898.6 Midwest BankCentre March 11, 2015

Conclusion of Kip’s student loan

In the end, Kip was able to find a student loan for $58000 with an interest rate of 5.0% interest APR from Farmers Bank of Grant City/Sheridan in Grant City, Missouri repayable over 23 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.