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Mortgage For $34000 Near 53545, Wisconsin With A Credit Score Of 339

$34000 Mortgage – Janesville Wisconsin, Credit Score Of 339

  • Experian: 351 – This individual had a terrible Experian score
  • Transunion: 326 – Lavina had a terrible credit score with Transunion.
  • Equifax: Lavina’s Experian score was 339, which is a terrible credit rating using the Experian rating scheme.

Installment loan for Lavina, a graduate of Taylor University and a hand sewer working for over $67,000 per year

Lavina, an alumnus at Taylor University and a hand sewer in Janesville, Wisconsin wants a mortgage to purchase a car. Lavina has instead chosen to obtain an installment loan for $16,000 and is currently seeking lenders like First Bank Southeast, National Association to process their request.

Lavina was not approved by Associated Bank Madison 4 times prior to being accepted by Rock County Savings and Trust Company at 2021 Holiday Drive

On December 6, 2013, Lavina applied about borrowing $35,000 from Kilbourn State Bank with Mikki, their in law from just outside Janesville, and even with the co-signer, Lavina was rejected for this mortgage. With terrible credit, it can be a challenge to obtain financing, even with collateral and a co-signer.

Lavina has a very low current gross income, but has a high number of prospects

Lavina has always wanted to be a hearing officer, but would need attend Taylor University again to achieve it. Lavina has other possibilities as well, including medical secretary, landscape contractor, and environmental science technician, which pay $57,000 through to $96,000 per year, on average. For this reason, we believe that Lavina can pay for this mortgage of $34000.

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

Most debt consolidation loans vary from $20,000.00 to $42,000.00. They are mainly used to pay off existing high interest loans like credit cards. Lavina needed a debt consolidation loan to pay for their existing mortgage and their payday loan. Lavina was able to find a mortgage in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which converts your bad, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 3.8%.

6 Months Ago, Lavina Tried to Find a High Risk Loan for $47,000.00, and it was Easy

There is an well known struggle for borrowers to get high risk loans in a safe manner. Many high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Lavina. Lavina chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit clients. Individuals with credit scores as low as 416 can apply for a high risk loan and have a chance to be accepted.

Client Profile: Lavina Sultana of Janesville, Wisconsin
  • Full name (Changed if requested): Lavina Sultana
  • Current Credit: loans.hit.utils.Fico@439f5b3d
  • Current City: Janesville
  • State: Wisconsin
  • Zip code: 53546
  • Yearly income: $50,000
  • Current Job: hand sewer
  • Current County: Rock
  • Goal Yearly Income: $80,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Previous requests on Lavina’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$45310.00 7 11.2% $780.59 M&I Bank of Burlington September 20, 2010
$45170.00 11 6.4% $477.54 M&I Marshall and Ilsley Bank November 24, 2011
$44900.00 4 10.4% $1147.42 Continental Bank & Trust Co. January 16, 2013
$45450.00 10 8.4% $561.09 Clare Bank, National Association July 27, 2014

Lavina’s Transunion score was changed by the mortgage loan, changing to 326 from 339, which is typical in our experience.

Transunion Score: 326

Signature Loan acquired in Janesville, Wisconsin for $34000 with terrible credit by Lavina

A lot of prospective borrowers have difficulty with finding signature loans in Janesville, Wisconsin, and Lavina is not an exception. Lavina went to 8 lending institutions or more prior to settling on Rock County Savings and Trust Company, who offered Lavina a signature loan for $34000. Most signature loans simply need a client, like Lavina’s signature to obtain them, up to $48,000 in some cases. Lavina was able to get $34000 as a mortgage, which is very high for a mortgage. Because signature loans do not require collateral, they generally need improved credit, as high as 711

Personal Loan for a hand sewer named Lavina in Janesville, Wisconsin to Pay Off Jeff Bank Visa Business Bonus Rewards PLUS Card

Lavina had a lot of credit card debt on their U.S. Pride BankAmericard Cash Rewards Visa Card and their PartnersFirst Rewards Visa Credit Card, and they were starting to get in over their heads. Despite Lavina’s job as a hand sewer, they struggled to make payments on the $26,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Lavina’s Overall FICO score at the time of acceptance for a mortgage, taking into account their hand sewer job and their future job as a hearing officer

Fico Score: 339

Paraphrased and Standardized Quote from Lavina for this mortgage of $34000, provided by Rock County Savings and Trust Company

Hi, I am Lavina and I am from Janesville in Wisconsin. Rock, county is where I grew up, and now I need a mortgage in Wisconsin for $34000 to renovate my home. It wasn’t easy, but Rock County Savings and Trust Company really came through for me with this loan for 7.7% interest APR and a term of 18 years. I can repay the loan over the 18 year term, including interest. A big thanks to Rock County Savings and Trust Company for trusting me and my terrible credit. It look me 5 years to create my credit to 339, and I won’t tarnish it any future. I am pleased with Find Texas Loans for helping me this far.

Contact Details for Rock County Savings and Trust Company, the provider of this mortgage

  • Rock County Savings and Trust Company
  • City: Janesville
  • State: Wisconsin
  • Address: 2021 Holiday Drive
  • County: Rock
  • Zip code: 53545

When Lavina was 24, they tried to obtain a student loan from 4 alternate lenders, which harmed their credit score. Below is a chronology of Lavina’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $25,000.00 on August 10, 2012
  • Attempt 2) Loan for $26,000.00 on October 7, 2011
  • Attempt 3) Loan for $33,000.00 on March 4, 2011
  • Attempt 4) Loan for $33,000.00 on December 8, 2008

Before applying for this mortgage, Lavina had an Experian score of 351, which is terrible, so Rock County Savings and Trust Company most likely cannot provide Lavina a mortgage

Experian Score: 351

Many previous requests for credit have been made by Lavina in the past, including one from Old Colony Trust Company of South Carolina, National Association in Janesville, Wisconsin before Lavina was approved for the $34000 by Rock County Savings and Trust Company

Lavina made 8 prior attempts to obtain a mortgage, 2 of which were with Old Colony Trust Company of South Carolina, National Association, a lender in Janesville, Wisconsin known to specialize in mortgages specifically. Before finding Rock County Savings and Trust Company, Lavina was very concerned due to their inexperience and terrible credit score.

Fast Loans for Lavina in Janesville, Wisconsin to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Janesville, Wisconsin aren’t actually that difficult to obtain, particularly if you have some gumption like Lavina. Lavina was able to find a fast loan for $34000 from M&I South Shore Bank and Wisconsin Marine Bank, but turned down both offers in favor of their mortgage from Rock County Savings and Trust Company. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. An improvement in the case that you are in a pinch.

Conclusion of Lavina’s mortgage

In the end, Lavina was able to find a mortgage for $34000 with an interest rate of 9.3% interest APR from Rock County Savings and Trust Company in Janesville, Wisconsin repayable over 18 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.