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Mortgage For $172000 Near 44646, Ohio With A Credit Score Of 455

$172000 Mortgage – Massillon Ohio, Credit Score Of 455

  • Experian: 465 – This client had a bad Experian score
  • Transunion: 441 – Eden had a bad credit score with Transunion.
  • Equifax: Eden’s Experian score was 455, which is a bad credit score using the Experian rating scheme.

Eden was declined by The Ohio Valley Bank Company 4 times prior to being accepted by First Savings and Loan Company, F.A. at 153 Lincoln Way East

On July 22, 2010, Eden inquired about borrowing $10,000 from The Fifth Third Bank with Norris, their in law from just outside Massillon, and even with the co-signer, Eden was rejected for this mortgage. With bad credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Personal Loan for a systems analyst named Eden in Massillon, Ohio to Pay Off Canandaigua National Bank & Trust Secured Visa Card

Eden had a lot of credit card debt on their United Nations Federal Credit Union Azure Credit Card and their Garden State Community Bank Visa Signature Card with Maximum Rewards, and they were starting to get in over their heads. Despite Eden’s job as a systems analyst, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Eden’s Transunion score was altered by the mortgage loan, changing to 441 from 455, which is normal in our experience.

Transunion Score: 441

Paraphrased and Standardized Quote from Eden for this mortgage of $172000, provided by First Savings and Loan Company, F.A.

Hi, I am Eden and I’m from Massillon in Ohio. Stark, county is where I grew up, and now I need a mortgage in Ohio for $172000 to buy a big ticket item. It wasn’t easy, but First Savings and Loan Company, F.A. really came through for me with this loan for 11.7% interest APR and a term of 24 years. I can probably repay the loan over the 24 year term, including interest. A big thanks to First Savings and Loan Company, F.A. for giving me a chance and my bad credit. It look me 7 years to create my credit to 455, and I won’t tarnish it any more. I’m happy with Find Texas Loans for assisting me this far.

Contact Details for First Savings and Loan Company, F.A., the provider of this mortgage

  • First Savings and Loan Company, F.A.
  • City: Massillon
  • State: Ohio
  • Address: 153 Lincoln Way East
  • County: Stark
  • Zip code: 44646

Eden has a disappointing current gross income, but has a high number of prospects

Eden has always wanted to be an insurance claim examiner, but would need attend Northwest Technical Institute again to become one. Eden has other possibilities as well, including resource recovery engineer, set illustrator, and biology professor, which pay $58,000 through to $97,000 per year, at least. For this reason, we believe that Eden can pay for this mortgage of $172000.

Eden’s Overall FICO score at the time of acceptance for a mortgage, taking into account their systems analyst job and their future job as an insurance claim examiner

Fico Score: 455

Installment loan for Eden, a graduate of Northwest Technical Institute and a systems analyst working for over $79,000 per year

Eden, an alumnus at Northwest Technical Institute and a systems analyst in Massillon, Ohio wants a mortgage to purchase a new cell phone. Eden has instead decided to get an installment loan for $9,000 and is at present seeking lenders like The Ohio Valley Bank Company to provide it.

Signature Loan easily acquired in Massillon, Ohio for $172000 with bad credit by Eden

A lot of borrowers have difficulty with finding signature loans in Massillon, Ohio, and Eden is not an exception. Eden went to 6 lenders or more before settling on First Savings and Loan Company, F.A., who offered Eden a signature loan for $172000. Typical signature loans simply require a client, like Eden’s signature to obtain them, up to $21,000 in some cases. Eden was able to get $172000 as a mortgage, which is very high for a mortgage. Since signature loans don’t require collateral, they generally require better credit, as high as 732

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

Most debt consolidation loans range from $35,000.00 to $58,000.00. They are typically used to pay off existing high interest loans like credit cards. Eden required a debt consolidation loan to pay for their existing mortgage and their loan shark loan. Eden was able to find a mortgage in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your dirty, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 3.1%.

Several past requests for credit have been made by Eden in the past, including one from Security Federal Savings and Loan Association of Chattanooga in Massillon, Ohio before Eden was accepted for the $172000 by First Savings and Loan Company, F.A.

Eden made 5 previous attempts to obtain a mortgage, 2 of which were with Security Federal Savings and Loan Association of Chattanooga, a bank in Massillon, Ohio known to specialize in mortgages specifically. Before finding First Savings and Loan Company, F.A., Eden was very concerned due to their inexperience and bad credit score.

Previous requests on Eden’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$45180.00 3 9.1% $1438.82 The Vinton Banking Company March 6, 2010
$44530.00 8 10.5% $687.54 The Ohio Valley Bank Company September 7, 2012
$45370.00 11 11.3% $601.91 The Citizens Bank January 25, 2013
$44750.00 8 10.2% $683.79 The Peoples Bank January 1, 2014
$44770.00 11 9.6% $550.43 The Freeport State Bank May 31, 2014

9 Months in the Past, Eden Attempted Finding a High Risk Loan for $37,000.00, but They Didn’t Find What They were Expecting

It is an ongoing struggle for clients to get high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Eden. Eden decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit applicants. Borrowers with credit scores as low as 338 can inquire for a high risk loan and may be be approved.

Client Profile: Eden Selbert of Massillon, Ohio
  • Full name (Changed if requested): Eden Selbert
  • Current Credit: loans.hit.utils.Fico@533ddba
  • Current City: Massillon
  • State: Ohio
  • Zip code: 44650
  • Yearly income: $59,000
  • Current Job: systems analyst
  • Current County: Stark
  • Goal Yearly Income: $93,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

When Eden was 20, they attempted to obtain a student loan from 5 different lenders, which damaged their credit rating. Below is a list of Eden’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $37,000.00 on January 17, 2012
  • Attempt 2) Loan for $20,000.00 on February 19, 2010
  • Attempt 3) Loan for $34,000.00 on June 13, 2011
  • Attempt 4) Loan for $35,000.00 on May 18, 2012
  • Attempt 5) Loan for $32,000.00 on October 3, 2010

Fast Loans for Eden in Massillon, Ohio to prevent bankruptcy or harm from debt collectors.

Fast loans in Massillon, Ohio aren’t actually that difficult to obtain, especially if you have some gumption like Eden. Eden was able to find a fast loan for $172000 from ShoreBank and The Clarksburg Commercial Bank, but declined both offers in favor of their mortgage from First Savings and Loan Company, F.A.. The improvement with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. Much better if a client is in a pinch.

Before applying for this mortgage, Eden had an Experian score of 465, which is bad, so First Savings and Loan Company, F.A. probably cannot provide Eden a mortgage

Experian Score: 465

Conclusion of Eden’s mortgage

In the end, Eden was able to find a mortgage for $172000 with an interest rate of 10.3% interest APR from First Savings and Loan Company, F.A. in Massillon, Ohio repayable over 24 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.