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Lyda Needed A Private Loan For $94000, Tecumseh, Oklahoma

$94000 Private Loan – Tecumseh Oklahoma, Credit Score Of 382

  • Experian: 396 – This individual had a terrible Experian rating
  • Transunion: 365 – Lyda had a terrible credit rating with Transunion.
  • Equifax: Lyda’s Experian score was 382, which is a terrible credit rating with the Experian rating scheme.

Personal Loan for a marine drafter named Lyda in Tecumseh, Oklahoma to Pay Off Ace Rewards Visa Signature Card

Lyda had a lot of credit card debt on their Cal Lutheran University Alumni Visa Card and their Justice FCU SFSAFBI VISA Rewards Credit Card, and they were starting to get in over their heads. Despite Lyda’s job as a marine drafter, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Lyda’s Overall FICO score at the time of acceptance for a private loan, taking into account their marine drafter job and their future job as a golf course superintendent

Fico Score: 382

Signature Loan easily acquired in Tecumseh, Oklahoma for $94000 with terrible credit by Lyda

A lot of prospective borrowers struggle with finding signature loans in Tecumseh, Oklahoma, and Lyda is no different. Lyda went to 7 lenders or more before finding The Farmers and Merchants Bank, who offered Lyda a signature loan for $94000. Most signature loans simply require a client, like Lyda’s signature to get them, up to $23,000 in some cases. Lyda was able to get $94000 as a private loan, which is very high for a private loan. Since signature loans don’t need collateral, they generally require higher credit, as high as 753

Paraphrased and Standardized Quote from Lyda for this private loan of $94000, provided by The Farmers and Merchants Bank

Hello, I am Lyda and I’m from Tecumseh in Oklahoma. Pottawatomie, county is where I grew up, and now I need a private loan in Oklahoma for $94000 to avoid bankruptcy. It has been difficult, but The Farmers and Merchants Bank really came through for me with this loan for 7.6% interest APR and a term of 14 years. I can repay the loan over the 14 year term, including interest. A big thanks to The Farmers and Merchants Bank for giving me a chance and my terrible credit. It look me 7 years to create my credit to 382, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for helping me this far.

Previous requests on Lyda’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$51440.00 6 9.4% $937.48 The First State Bank June 13, 2009
$51100.00 8 6.2% $676.51 Security Bank and Trust Company January 4, 2010
$51320.00 11 7.3% $566.68 The First State Bank, Willow, Okla. June 20, 2013
$51360.00 8 7.7% $718.25 Sooner State Bank June 25, 2014

Before applying for this private loan, Lyda had an Experian score of 396, which is terrible, so The Farmers and Merchants Bank most likely cannot provide Lyda a private loan

Experian Score: 396

Contact Details for The Farmers and Merchants Bank, the provider of this private loan

  • The Farmers and Merchants Bank
  • City: Tecumseh
  • State: Oklahoma
  • Address: 301 North Broadway
  • County: Pottawatomie
  • Zip code: 74873

Installment loan for Lyda, a graduate of Ohio Medical Career College and a marine drafter working for over $69,000 per year

Lyda, an alumnus at Ohio Medical Career College and a marine drafter in Tecumseh, Oklahoma wants a private loan to purchase a car. Lyda has instead chosen to get an installment loan for $20,000 and is at present seeking lenders like The Citizens State Bank to process their request.

Lyda was declined by The Security Bank & Trust Company 6 times prior to being granted funding by The Farmers and Merchants Bank at 301 North Broadway

On March 4, 2011, Lyda inquired about borrowing $20,000 from Cleo State Bank with Rosette, their friend from just outside Tecumseh, and even with the co-signer, Lyda was rejected for this private loan. With terrible credit, it can be challenging to obtain funding, even with collateral and a co-signer.

Lyda’s Transunion score was changed by the private loan loan, changing to 365 from 382, which is normal in our experience.

Transunion Score: 365

Fast Loans for Lyda in Tecumseh, Oklahoma to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Tecumseh, Oklahoma aren’t actually that difficult to obtain, especially if you have some gumption like Lyda. Lyda was able to find a fast loan for $94000 from Security First National Bank of Hugo and Sooner State Bank, but turned down both offers in favor of their private loan from The Farmers and Merchants Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. A big difference in the case that you are on the go.

7 Months in the Past, Lyda Attempted to Find a High Risk Loan for $48,000.00, but They Didn’t Find What They were Expecting

It is an ongoing struggle for clients to find high risk loans in a non-harmful manner. a lot of high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Lyda. Lyda decided not to obtain a high risk loan this time. High Risk loans are given to bad credit individuals. Borrowers with credit ratings as low as 539 can apply for a high risk loan and possibly can be approved.

Many past requests for credit have been made by Lyda in the past, including one from Evergreen Bank, National Association in Tecumseh, Oklahoma before Lyda was accepted for the $94000 by The Farmers and Merchants Bank

Lyda made 7 previous tries to obtain a private loan, 2 of which were with Evergreen Bank, National Association, a lender in Tecumseh, Oklahoma known to specialize in private loans specifically. Prior to finding The Farmers and Merchants Bank, Lyda was desperate due to their inexperience and terrible credit score.

Lyda has a sad current gross income, but has several of prospects

Lyda has always wanted to be a golf course superintendent, but would have to attend Ohio Medical Career College again to achieve it. Lyda has other possibilities as well, including probation officer, disabled students teacher, and community health nurse, which pay $51,000 through to $94,000 per year, on average. For this reason, we believe that Lyda can pay for this private loan of $94000.

Client Profile: Lyda Dunleavy of Tecumseh, Oklahoma
  • Full name (Changed if requested): Lyda Dunleavy
  • Current Credit: loans.hit.utils.Fico@6193b845
  • Current City: Tecumseh
  • State: Oklahoma
  • Zip code: 74880
  • Yearly income: $57,000
  • Current Job: marine drafter
  • Current County: Pottawatomie
  • Goal Yearly Income: $110,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

When Lyda was 20, they attempted to obtain a student loan from 7 alternate lenders, which harmed their credit score. Below is a list of Lyda’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $20,000.00 on July 9, 2009
  • Attempt 2) Loan for $37,000.00 on October 16, 2012
  • Attempt 3) Loan for $28,000.00 on May 1, 2013
  • Attempt 4) Loan for $21,000.00 on May 21, 2010
  • Attempt 5) Loan for $25,000.00 on May 1, 2010
  • Attempt 6) Loan for $26,000.00 on November 29, 2009
  • Attempt 7) Loan for $28,000.00 on March 22, 2012

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Average debt consolidation loans range from $27,000.00 to $51,000.00. They are normally used to pay off existing high interest loans like credit cards. Lyda required a debt consolidation loan to pay for their existing private loan and their payday loan. Lyda was able to find a private loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which transfers your dirty, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.8%.

Conclusion of Lyda’s private loan

In the end, Lyda was able to find a private loan for $94000 with an interest rate of 11.8% interest APR from The Farmers and Merchants Bank in Tecumseh, Oklahoma repayable over 14 years from today.

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.