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Low Rate Unsecured Loan For Geraldo In Lafayette, Indiana

$99000 Unsecured Loan – Lafayette Indiana, Credit Rating Of 771

  • Experian: 790 – This client had an excellent Experian score
  • Transunion: 758 – Geraldo had an excellent credit rating with Transunion.
  • Equifax: Geraldo’s Experian score was 771, which is an excellent credit score with the Experian scale.

Geraldo was declined by Alliance Bank 6 times before being approved by Lafayette Savings Bank, FSB at 101 Main Street

On June 10, 2009, Geraldo applied about borrowing $12,000 from Citizens Bank of Central Indiana with Mignon, their friend from just outside Lafayette, and even with the co-signer, Geraldo was rejected for this unsecured loan. With excellent credit, it can be challenging to procure financing, even with collateral and a co-signer.

Installment loan for Geraldo, a graduate of University of Kansas and a packaging machine operator working for over $73,000 per year

Geraldo, an alumnus at University of Kansas and a packaging machine operator in Lafayette, Indiana wants an unsecured loan to purchase a new cell phone. Geraldo has instead decided to get an installment loan for $2,000 and is at present seeking lenders like Farmers State Bank to provide it.

Paraphrased and Standardized Quote from Geraldo for this unsecured loan of $99000, provided by Lafayette Savings Bank, FSB

Hi, I am Geraldo and I’m from Lafayette in Indiana. Tippecanoe, county is where I grew up, and now I need a unsecured loan in Indiana for $99000 to buy a car. It has been difficult, but Lafayette Savings Bank, FSB really came through for me with this loan for 9.4% interest APR and a term of 4 years. I can repay the loan over the 4 year term, including interest. A big thanks to Lafayette Savings Bank, FSB for giving me a chance and my excellent credit. It look me 6 years to create my credit to 771, and I won’t tarnish it any more. I’m happy with Find Texas Loans for helping me this far.

Multiple past requests for credit have been made by Geraldo in the past, including one from Ameritrust National Bank, Shelby County in Lafayette, Indiana before Geraldo was approved for the $99000 by Lafayette Savings Bank, FSB

Geraldo made 4 previous tries to obtain an unsecured loan, 2 of which were with Ameritrust National Bank, Shelby County, a lending institution in Lafayette, Indiana known to specialize in unsecured loans specifically. Prior to finding Lafayette Savings Bank, FSB, Geraldo was very concerned due to their inexperience and excellent credit score.

Geraldo’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their packaging machine operator job and their future career as a tax collector

Fico Score: 771

Signature Loan acquired in Lafayette, Indiana for $99000 with excellent credit by Geraldo

Most clients have difficulty with obtaining signature loans in Lafayette, Indiana, and Geraldo is no different. Geraldo went to 7 lending institutions or more before settling on Lafayette Savings Bank, FSB, who offered Geraldo a signature loan for $99000. Most signature loans simply need a client, like Geraldo’s signature to get them, up to $36,000 in some cases. Geraldo was able to get $99000 as a unsecured loan, which is very high for an unsecured loan. Because signature loans do not require collateral, they tend to need better credit, as high as 739

Personal Loan for a packaging machine operator named Geraldo in Lafayette, Indiana to Pay Off RBC Bank Visa Platinum Credit Card

Geraldo had a lot of credit card debt on their The Hypnotix Youth Performance Groups Inc. Visa Platinum Rewards Card and their First Hawaiian Bank United MileagePlus Credit Card, and they were starting to get in over their heads. Despite Geraldo’s job as a packaging machine operator, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Debt Consolidation Can Help Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans vary from $38,000.00 to $55,000.00. They are mainly used to pay off existing high interest loans like credit cards. Geraldo required a debt consolidation loan to pay for their existing unsecured loan and their payday loan. Geraldo was able to find a unsecured loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which transfers your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.0%.

Before applying for this unsecured loan, Geraldo had an Experian score of 790, which is excellent, so Lafayette Savings Bank, FSB likely cannot provide Geraldo an unsecured loan

Experian Score: 790

Previous requests on Geraldo’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$102120.00 4 10.2% $2599.85 The Citizens Exchange Bank March 24, 2012
$101840.00 8 10.7% $1583.31 Alliance Bank May 17, 2013
$102120.00 8 9.5% $1522.7 Farmers State Bank October 16, 2013
$102360.00 6 7.6% $1774.78 First United Bank, National Association July 30, 2014

When Geraldo was 24, they attempted to obtain a student loan from 7 different lenders, which damaged their credit score. Below is a chronology of Geraldo’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $24,000.00 on January 11, 2010
  • Attempt 2) Loan for $35,000.00 on July 30, 2010
  • Attempt 3) Loan for $31,000.00 on January 10, 2009
  • Attempt 4) Loan for $26,000.00 on January 12, 2011
  • Attempt 5) Loan for $38,000.00 on March 20, 2011
  • Attempt 6) Loan for $20,000.00 on August 14, 2012
  • Attempt 7) Loan for $20,000.00 on November 4, 2010

Geraldo has a low current yearly income, but has a high number of prospects

Geraldo has always wanted to be a tax collector, but would have to attend University of Kansas again to achieve it. Geraldo has other prospects as well, including quarry worker, quality control coordinator, and internal auditor, which pay $58,000 through to $104,000 per year, at least. Because of this, we think that Geraldo can afford this unsecured loan of $99000.

8 Months Ago, Geraldo Attempted Finding a High Risk Loan for $46,000.00, and it was Easy

It is an well known struggle for borrowers to get high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Geraldo. Geraldo chose not to get a high risk loan this time. High Risk loans are given to terrible credit individuals. Borrowers with credit scores as low as 361 can inquire for a high risk loan and have a chance to be approved.

Fast Loans for Geraldo in Lafayette, Indiana to prevent bankruptcy or harm from debt collectors.

Fast loans in Lafayette, Indiana aren’t actually that difficult to obtain, especially if you have some finesse like Geraldo. Geraldo was able to find a fast loan for $99000 from Ameritrust Bank, Morgan County and Alexandria Banking Company, but declined both offers in favor of their unsecured loan from Lafayette Savings Bank, FSB. 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 5 weeks for personal loans. A big difference if a client is in a pinch.

Geraldo’s Transunion score was changed by the unsecured loan loan, changing to 758 from 771, which is typical in our experience.

Transunion Score: 758

Client Profile: Geraldo Saffel of Lafayette, Indiana
  • Full name (Changed if requested): Geraldo Saffel
  • Current Credit: loans.hit.utils.Fico@c4437c4
  • Current City: Lafayette
  • State: Indiana
  • Zip code: 47905
  • Yearly income: $55,000
  • Current Job: packaging machine operator
  • Current County: Tippecanoe
  • Goal Yearly Income: $125,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Contact Details for Lafayette Savings Bank, FSB, the provider of this unsecured loan

  • Lafayette Savings Bank, FSB
  • City: Lafayette
  • State: Indiana
  • Address: 101 Main Street
  • County: Tippecanoe
  • Zip code: 47901

Conclusion of Geraldo’s unsecured loan

In the end, Geraldo was able to find an unsecured loan for $99000 with an interest rate of 5.4% interest APR from Lafayette Savings Bank, FSB in Lafayette, Indiana repayable over 4 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.