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Low Rate Unsecured Loan For Claude In Whiting, Indiana

$184000 Unsecured Loan – Whiting Indiana, Credit Rating Of 557

  • Experian: 574 – The client had a fair Experian rating
  • Transunion: 540 – Claude had a fair credit rating with Transunion.
  • Equifax: Claude’s Experian score was 557, which is a fair credit score with the Experian system.

Fast Loans for Claude in Whiting, Indiana to prevent bankruptcy or harm from debt collectors.

Fast loans in Whiting, Indiana aren’t actually that difficult to obtain, especially if you have some gumption like Claude. Claude was able to find a fast loan for $184000 from Farmers State Bank and Citizens Banking Company, but turned down both offers in favor of their unsecured loan from Northwest Bank of Indiana, National Associaton. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. An improvement if a borrower is in a time sensitive situation.

Signature Loan acquired in Whiting, Indiana for $184000 with fair credit by Claude

Many prospective borrowers have difficulty with obtaining signature loans in Whiting, Indiana, and Claude is not an exception. Claude went to 8 lending institutions or more before settling on Northwest Bank of Indiana, National Associaton, who offered Claude a signature loan for $184000. Most signature loans simply need a client, like Claude’s signature to obtain them, up to $23,000 in some cases. Claude was able to get $184000 as a unsecured loan, which is very high for an unsecured loan. Since signature loans don’t need a cosigner, they generally need better credit, as high as 750

Before applying for this unsecured loan, Claude had an Experian score of 574, which is fair, so Northwest Bank of Indiana, National Associaton likely cannot provide Claude an unsecured loan

Experian Score: 574

Many past requests for credit have been made by Claude in the past, including one from Pennyrile Citizens Bank and Trust Company in Whiting, Indiana before Claude was accepted for the $184000 by Northwest Bank of Indiana, National Associaton

Claude made 7 previous attempts to obtain an unsecured loan, 2 of which were with Pennyrile Citizens Bank and Trust Company, a lending institution in Whiting, Indiana known to specialize in unsecured loans specifically. Before finding Northwest Bank of Indiana, National Associaton, Claude was very concerned due to their inexperience and fair credit rating.

Client Profile: Claude Val of Whiting, Indiana
  • Full name (Changed if requested): Claude Val
  • Current Credit: loans.hit.utils.Fico@5197848c
  • Current City: Whiting
  • State: Indiana
  • Zip code: 46402
  • Yearly income: $32,000
  • Current Job: bindery machine tender
  • Current County: Lake
  • Goal Yearly Income: $131,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Installment loan for Claude, a graduate of Wade College and a bindery machine tender working for over $68,000 per year

Claude, an alumnus at Wade College and a bindery machine tender in Whiting, Indiana needs an unsecured loan to purchase a new cell phone. Claude has instead decided to obtain an installment loan for $17,000 and is currently seeking lenders like American State Bank to process their request.

Personal Loan for a bindery machine tender named Claude in Whiting, Indiana to Pay Off Jeff Bank Visa Business Card

Claude had a tonne of credit card debt on their CFCU Rewards Visa and their J. Jill Credit Card, and they were starting to get in over their heads. Despite Claude’s job as a bindery machine tender, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Claude’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their bindery machine tender job and their future career as a library assistant

Fico Score: 557

Claude’s Transunion score was altered by the unsecured loan loan, changing to 540 from 557, which is typical in our experience.

Transunion Score: 540

Paraphrased and Standardized Quote from Claude for this unsecured loan of $184000, provided by Northwest Bank of Indiana, National Associaton

Hi, I am Claude and I’m from Whiting in Indiana. Lake, county is where I grew up, and now I need a unsecured loan in Indiana for $184000 to renovate my home. It wasn’t easy, but Northwest Bank of Indiana, National Associaton really came through for me with this loan for 7.0% interest APR and a term of 17 years. I can repay the loan over the 17 year term, including interest. A big thanks to Northwest Bank of Indiana, National Associaton for giving me a chance and my fair credit. It look me 7 years to build my credit to 557, and I won’t harm it any more. I’m happy with Find Texas Loans for assisting me this far.

Claude has a very low current total income, but has several of prospects

Claude has always wanted to be a library assistant, but would have to attend Wade College again to become one. Claude has other prospects as well, including food technologist, bindery machine tender, and farm products purchasing agent, which pay $52,000 through to $95,000 per year, on average. For this reason, we think that Claude can pay for this unsecured loan of $184000.

8 Months in the Past, Claude Attempted to Find a High Risk Loan for $41,000.00, and it was Hard

It is an well known struggle for borrowers to find high risk loans in a non-harmful manner. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Claude. Claude chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit borrowers. Individuals with credit scores as low as 501 can inquire for a high risk loan and possibly can be approved.

Debt Consolidation Can Help Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans range from $27,000.00 to $55,000.00. They are normally used to pay off existing high interest loans like credit cards. Claude needed a debt consolidation loan to pay for their existing unsecured loan and their credit card. Claude was able to find a unsecured loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which transfers your less desirable, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 2.4%.

When Claude was 23, they tried to obtain a student loan from 6 different banks, which damaged their credit score. Below is a chronology of Claude’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $31,000.00 on March 17, 2013
  • Attempt 2) Loan for $25,000.00 on January 15, 2009
  • Attempt 3) Loan for $30,000.00 on September 16, 2012
  • Attempt 4) Loan for $25,000.00 on March 12, 2011
  • Attempt 5) Loan for $30,000.00 on June 16, 2010
  • Attempt 6) Loan for $20,000.00 on June 16, 2011

Previous requests on Claude’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$93620.00 7 7.1% $1417.56 The Citizens Exchange Bank March 15, 2014
$94490.00 8 9.3% $1399.05 Alliance Bank March 26, 2015
$94260.00 7 9.4% $1535.76 Farmers State Bank August 2, 2015
$94230.00 8 7.3% $1298.82 First United Bank, National Association August 20, 2015

Claude was rejected by Farmers State Bank 7 times prior to being granted funding by Northwest Bank of Indiana, National Associaton at 1449-119th Street

On June 23, 2009, Claude applied about borrowing $41,000 from The Citizens Exchange Bank with Shelli, their friend from just outside Whiting, and even with the co-signer, Claude was rejected for this unsecured loan. With fair credit, it can be difficult to obtain financing, even with collateral and a co-signer.

Contact Details for Northwest Bank of Indiana, National Associaton, the provider of this unsecured loan

  • Northwest Bank of Indiana, National Associaton
  • City: Whiting
  • State: Indiana
  • Address: 1449-119th Street
  • County: Lake
  • Zip code: 46394

Conclusion of Claude’s unsecured loan

In the end, Claude was able to find an unsecured loan for $184000 with an interest rate of 6.0% interest APR from Northwest Bank of Indiana, National Associaton in Whiting, Indiana repayable over 17 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.