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Mortgage For $18000 Near 35055, Alabama With A Credit Score Of 710

$18000 Mortgage – Cullman Alabama, Credit Rating Of 710

  • Experian: 727 – The client had a good Experian score
  • Transunion: 695 – Jonathan had a good credit rating with Transunion.
  • Equifax: Jonathan’s Experian score was 710, which is a good credit score on the Experian rating scheme.

Before applying for this mortgage, Jonathan had an Experian score of 727, which is good, so Peoples Bank of Alabama probably can provide Jonathan a mortgage

Experian Score: 727

Paraphrased and Standardized Quote from Jonathan for this mortgage of $18000, provided by Peoples Bank of Alabama

Hello, I am Jonathan and I am from Cullman in Alabama. Cullman, county is where I grew up, and now I need a mortgage in Alabama for $18000 to pay bills. It wasn’t easy, but Peoples Bank of Alabama really came through for me with this loan for 6.6% interest APR and a term of 14 years. I can probably repay the loan over the 14 year term, including interest. A big thanks to Peoples Bank of Alabama for giving me a chance and my good credit. It look me 4 years to create my credit to 710, and I won’t tarnish it any more. I am happy with Find Texas Loans for assisting me this far.

Fast Loans for Jonathan in Cullman, Alabama to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Cullman, Alabama aren’t actually that difficult to obtain, especially if you have some gumption like Jonathan. Jonathan was able to find a fast loan for $18000 from The Citizens Bank of Winfield and The Citizens Bank of Winfield, but declined both offers in favor of their mortgage from Peoples Bank of Alabama. The difference with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big difference if you are on the go.

Personal Loan for an exhibit designer named Jonathan in Cullman, Alabama to Pay Off Justice FCU Visa Platinum Rewards Card

Jonathan had a lot of credit card debt on their Working Assets Visa Credit Card and their CFCU Secured Classic Plus Visa, and they were starting to get in over their heads. Despite Jonathan’s job as an exhibit designer, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Installment loan for Jonathan, a graduate of Mount Mercy University and an exhibit designer working for over $76,000 per year

Jonathan, an alumnus at Mount Mercy University and an exhibit designer in Cullman, Alabama wants a mortgage to purchase a house. Jonathan has instead chosen to get an installment loan for $12,000 and is at present seeking lenders like Central Bank of St. Clair County to provide it.

Jonathan has a sad current total income, but has a high number of prospects

Jonathan has always wanted to be a bus boy / bus girl, but would have to attend Mount Mercy University again to become one. Jonathan has other prospects as well, including landscape contractor, equal opportunity representative, and employee training instructor, which pay $50,000 through to $109,000 per year, on average. For this reason, we think that Jonathan can afford this mortgage of $18000.

Previous requests on Jonathan’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$65150.00 6 7.3% $1120.15 AuburnBank June 29, 2013
$65300.00 8 9.6% $977.11 Bank of the South February 1, 2015
$64510.00 4 10.7% $1657.91 Alabama City Bank of Gadsden, Alabama March 8, 2015
$64770.00 10 11.5% $910.64 The Exchange Bank, Attalla, Alabama August 10, 2015

Contact Details for Peoples Bank of Alabama, the provider of this mortgage

  • Peoples Bank of Alabama
  • City: Cullman
  • State: Alabama
  • Address: 1912 Cherokee Avenue, Sw
  • County: Cullman
  • Zip code: 35055

Jonathan was declined by The Bank of Berry 5 times before being approved by Peoples Bank of Alabama at 1912 Cherokee Avenue, Sw

On March 3, 2009, Jonathan applied about borrowing $14,000 from Robertson Banking Company with Lowell, their in law from just outside Cullman, and even with the co-signer, Jonathan was rejected for this mortgage. With good credit, it can be very hard to obtain funding, even with collateral and a co-signer.

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Normal debt consolidation loans vary from $28,000.00 to $47,000.00. They are typically used to pay off existing high interest loans like credit cards. Jonathan required a debt consolidation loan to pay for their existing mortgage and their credit card. Jonathan was able to find a mortgage in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which converts your dirty, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 4.7%.

Jonathan’s Overall FICO score at the time of acceptance for a mortgage, taking into account their exhibit designer job and their future job as a bus boy / bus girl

Fico Score: 710

When Jonathan was 19, they tried to obtain a student loan from 6 different lenders, which harmed their credit rating. Below is a list of Jonathan’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $39,000.00 on October 31, 2008
  • Attempt 2) Loan for $32,000.00 on August 12, 2013
  • Attempt 3) Loan for $21,000.00 on June 27, 2011
  • Attempt 4) Loan for $32,000.00 on July 1, 2009
  • Attempt 5) Loan for $20,000.00 on October 15, 2009
  • Attempt 6) Loan for $37,000.00 on April 19, 2010

Signature Loan easily acquired in Cullman, Alabama for $18000 with good credit by Jonathan

Most prospective borrowers have difficulty with obtaining signature loans in Cullman, Alabama, and Jonathan is not an exception. Jonathan went to 7 lending institutions or more prior to finding Peoples Bank of Alabama, who offered Jonathan a signature loan for $18000. Typical signature loans simply require a client, like Jonathan’s signature to obtain them, up to $36,000 in some cases. Jonathan was able to get $18000 as a mortgage, which is very high for a mortgage. Since signature loans do not require a cosigner, they generally require better credit, as high as 717

Several other requests for credit have been made by Jonathan in the past, including one from Terrebonne Savings and Loan Association in Cullman, Alabama before Jonathan was approved for the $18000 by Peoples Bank of Alabama

Jonathan made 9 previous tries to obtain a mortgage, 2 of which were with Terrebonne Savings and Loan Association, a lender in Cullman, Alabama known to specialize in mortgages specifically. Prior to finding Peoples Bank of Alabama, Jonathan was very concerned due to their inexperience and good credit rating.

Jonathan’s Transunion score was changed by the mortgage loan, changing to 695 from 710, which is normal in our experience.

Transunion Score: 695

6 Months in the Past, Jonathan Tried Finding a High Risk Loan for $21,000.00, and it was Easy

It is an ongoing struggle for clients to find high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Jonathan. Jonathan decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit individuals. Clients with credit scores as low as 557 can apply for a high risk loan and possibly can be accepted.

Client Profile: Jonathan Cleverley of Cullman, Alabama
  • Full name (Changed if requested): Jonathan Cleverley
  • Current Credit: loans.hit.utils.Fico@1d56ce6a
  • Current City: Cullman
  • State: Alabama
  • Zip code: 35063
  • Yearly income: $68,000
  • Current Job: exhibit designer
  • Current County: Cullman
  • Goal Yearly Income: $139,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Conclusion of Jonathan’s mortgage

In the end, Jonathan was able to find a mortgage for $18000 with an interest rate of 8.8% interest APR from Peoples Bank of Alabama in Cullman, Alabama repayable over 14 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.