$86000 Personal Loan – De Queen Arkansas, Credit Score Of 711
- Experian: 724 – This individual had a good Experian rating
- Transunion: 693 – Lynette had a good credit score with Transunion.
- Equifax: Lynette’s Experian score was 711, which is a good credit rating with the Experian rating scheme.
Contact Details for First State Bank of DeQueen, the provider of this personal loan
- First State Bank of DeQueen
- City: De Queen
- State: Arkansas
- Address: 402 West Collin Raye Drive
- County: Sevier
- Zip code: 71832
Lynette was not approved by Madison Bank and Trust 7 times prior to being accepted by First State Bank of DeQueen at 402 West Collin Raye Drive
On May 3, 2009, Lynette inquired about borrowing $39,000 from Warren Bank and Trust Company with Sasha, their friend from just outside De Queen, and even with the co-signer, Lynette was rejected for this personal loan. With good credit, it can be difficult to obtain financing, even with collateral and a co-signer.
Lynette’s Overall FICO score at the time of acceptance for a personal loan, taking into account their library assistant job and their future career as a motorcycle mechanic
- Full name (Changed if requested): Lynette Salato
- Current Credit: loans.hit.utils.Fico@1f17ae12
- Current City: De Queen
- State: Arkansas
- Zip code: 71841
- Yearly income: $66,000
- Current Job: library assistant
- Current County: Sevier
- Goal Yearly Income: $135,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000
Installment loan for Lynette, a graduate of University of Maryland – Baltimore and a library assistant working for over $76,000 per year
Lynette, an alumnus at University of Maryland – Baltimore and a library assistant in De Queen, Arkansas wants a personal loan to purchase a car. Lynette has instead decided to obtain an installment loan for $23,000 and is at present seeking lenders like First Bank to provide it.
Fast Loans for Lynette in De Queen, Arkansas to prevent bankruptcy or broken legs from debt collectors.
Fast loans in De Queen, Arkansas aren’t actually that difficult to obtain, particularly if you have some gumption like Lynette. Lynette was able to find a fast loan for $86000 from Warren Bank and Trust Company and The Security Bank, but declined both offers in favor of their personal loan from First State Bank of DeQueen. The improvement with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. A big improvement if a client is in a time sensitive situation.
Previous requests on Lynette’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$24590.00||4||11.4%||$640.33||Bank of Weiner||October 14, 2011|
|$24700.00||8||8.1%||$350.43||Horizon Bank||July 5, 2012|
|$24650.00||7||11.1%||$423.37||Warren Bank and Trust Company||November 19, 2014|
|$25190.00||5||11.6%||$555.26||Boatmen’s Bank of Northeast Arkansas||July 16, 2015|
|$25450.00||5||10.2%||$543.25||The Security Bank||September 1, 2015|
When Lynette was 21, they attempted to obtain a student loan from 7 alternate banks, which damaged their credit rating. Below is a list of Lynette’s prior attempts at finding a student loan:
- Attempt 1) Loan for $26,000.00 on January 18, 2012
- Attempt 2) Loan for $37,000.00 on February 5, 2014
- Attempt 3) Loan for $30,000.00 on January 31, 2010
- Attempt 4) Loan for $21,000.00 on May 12, 2012
- Attempt 5) Loan for $22,000.00 on June 22, 2009
- Attempt 6) Loan for $34,000.00 on October 21, 2010
- Attempt 7) Loan for $20,000.00 on August 1, 2012
Personal Loan for a library assistant named Lynette in De Queen, Arkansas to Pay Off Office Depot Personal Credit Card
Lynette had a tonne of credit card debt on their LUKOIL Platinum MasterCard and their Frontier World MasterCard with NO Annual Fee, and they were starting to get in over their heads. Despite Lynette’s job as a library assistant, they struggled to make payments on the $26,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Lynette has a disappointing current total income, but has a large amount of prospects
Lynette has always wanted to be a motorcycle mechanic, but would have to attend University of Maryland – Baltimore again to become one. Lynette has other possibilities as well, including emergency management specialist, intelligence specialist, and occupational therapist, which pay $55,000 through to $107,000 per year, at least. Because of this, we think that Lynette can afford this personal loan of $86000.
Before applying for this personal loan, Lynette had an Experian score of 724, which is good, so First State Bank of DeQueen most likely cannot provide Lynette a personal loan
Paraphrased and Standardized Quote from Lynette for this personal loan of $86000, provided by First State Bank of DeQueen
Hello, I am Lynette and I am from De Queen in Arkansas. Sevier, county is where I grew up, and now I need a personal loan in Arkansas for $86000 to avoid bankruptcy. It wasn’t easy, but First State Bank of DeQueen really came through for me with this loan for 7.3% interest APR and a term of 11 years. I can repay the loan over the 11 year term, including interest. A big thanks to First State Bank of DeQueen for trusting me and my good credit. It look me 9 years to build my credit to 711, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for assisting me this far.
Lynette’s Transunion score was changed by the personal loan loan, changing to 693 from 711, which is typical in our experience.
Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Average debt consolidation loans vary from $34,000.00 to $43,000.00. They are mainly used to pay off existing high interest loans like credit cards. Lynette needed a debt consolidation loan to pay for their existing personal loan and their loan shark loan. Lynette was able to find a personal 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 one reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.8%.
Multiple previous requests for credit have been made by Lynette in the past, including one from Norwest Bank Hudson, National Association in De Queen, Arkansas before Lynette was approved for the $86000 by First State Bank of DeQueen
Lynette made 5 prior attempts to obtain a personal loan, 2 of which were with Norwest Bank Hudson, National Association, a lending institution in De Queen, Arkansas known to specialize in personal loans specifically. Prior to finding First State Bank of DeQueen, Lynette was desperate due to their inexperience and good credit rating.
9 Months Ago, Lynette Tried Finding a High Risk Loan for $47,000.00, and it was Easy
There is an existing struggle for clients to get high risk loans in a non-harmful way. a lot of high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Lynette. Lynette chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit clients. Clients with credit ratings as low as 361 can inquire for a high risk loan and have a chance to be approved.
Signature Loan easily acquired in De Queen, Arkansas for $86000 with good credit by Lynette
A lot of borrowers struggle with finding signature loans in De Queen, Arkansas, and Lynette is no exception. Lynette went to 4 lending institutions or more before finding First State Bank of DeQueen, who offered Lynette a signature loan for $86000. Typical signature loans simply need a client, like Lynette’s signature to obtain them, up to $31,000 in some cases. Lynette was able to get $86000 as a personal loan, which is very high for a personal loan. Since signature loans don’t require collateral, these loans tend to need improved credit, as high as 799
Conclusion of Lynette’s personal loan
In the end, Lynette was able to find a personal loan for $86000 with an interest rate of 5.1% interest APR from First State Bank of DeQueen in De Queen, Arkansas repayable over 11 years from today.