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Mortgage For $42000 Near 60513, Illinois With A Credit Score Of 503

$42000 Mortgage – Brookfield Illinois, Credit Score Of 503

  • Experian: 521 – The client had a fair Experian rating
  • Transunion: 486 – Pia had a fair credit rating with Transunion.
  • Equifax: Pia’s Experian score was 503, which is a fair credit score using the Experian rating scheme.

Pia’s Transunion score was changed by the mortgage loan, changing to 486 from 503, which is normal in our experience.

Transunion Score: 486

Installment loan for Pia, a graduate of “Rutgers, The State University of New Jersey” and an area working for over $65,000 per year

Pia, an alumnus at “Rutgers, The State University of New Jersey” and an area in Brookfield, Illinois needs a mortgage to purchase something frivolous. Pia has instead decided to obtain an installment loan for $15,000 and is at present seeking lenders like First Bank of Eureka to process their request.

6 Months in the Past, Pia Attempted Finding a High Risk Loan for $27,000.00, 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 the like, which can be frightening to borrowers like Pia. Pia decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit applicants. Clients with credit scores as low as 387 can inquire for a high risk loan and may be be approved.

Before applying for this mortgage, Pia had an Experian score of 521, which is fair, so First National Bank of Brookfield most likely cannot provide Pia a mortgage

Experian Score: 521

Pia’s Overall FICO score at the time of acceptance for a mortgage, taking into account their area job and their future job as an atm machine servicer

Fico Score: 503

Fast Loans for Pia in Brookfield, Illinois to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Brookfield, Illinois aren’t actually that difficult to obtain, particularly if you have some finesse like Pia. Pia was able to find a fast loan for $42000 from Upper Avenue Bank and Old Kent Bank, but turned down both offers in favor of their mortgage from First National Bank of Brookfield. The difference with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. An improvement in the case that you are on the go.

Pia was declined by The Gerber State Bank 7 times before being approved by First National Bank of Brookfield at 9136 Washington Avenue

On January 26, 2012, Pia applied about borrowing $34,000 from Harris Trust and Savings Bank with Mariann, their friend from just outside Brookfield, and even with the co-signer, Pia was rejected for this mortgage. With fair credit, it can be a challenge to obtain financing, even with collateral and a co-signer.

Contact Details for First National Bank of Brookfield, the provider of this mortgage

  • First National Bank of Brookfield
  • City: Brookfield
  • State: Illinois
  • Address: 9136 Washington Avenue
  • County: Cook
  • Zip code: 60513

Signature Loan easily acquired in Brookfield, Illinois for $42000 with fair credit by Pia

Most borrowers struggle with finding signature loans in Brookfield, Illinois, and Pia is no exception. Pia went to 5 lending institutions or more prior to settling on First National Bank of Brookfield, who offered Pia a signature loan for $42000. Typical signature loans simply require a client, like Pia’s signature to get them, up to $31,000 in some cases. Pia was able to get $42000 as a mortgage, which is very high for a mortgage. Since signature loans do not need collateral, they generally require improved credit, as high as 784

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

Normal debt consolidation loans range from $36,000.00 to $41,000.00. They are mainly used to pay off existing high interest loans like credit cards. Pia needed a debt consolidation loan to pay for their existing mortgage and their credit card. Pia was able to find a mortgage in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your dirty, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.5%.

Several other requests for credit have been made by Pia in the past, including one from Boonville Federal Savings Bank in Brookfield, Illinois before Pia was approved for the $42000 by First National Bank of Brookfield

Pia made 7 prior attempts to obtain a mortgage, 2 of which were with Boonville Federal Savings Bank, a lending institution in Brookfield, Illinois known to specialize in mortgages specifically. Before finding First National Bank of Brookfield, Pia was desperate due to their inexperience and fair credit score.

Pia has a disappointing current total income, but has a large amount of prospects

Pia has always wanted to be an atm machine servicer, but would need attend “Rutgers, The State University of New Jersey” again to achieve it. Pia has other possibilities as well, including controller, biology professor, and loan counselor, which pay $55,000 through to $101,000 per year, on average. For this reason, we think that Pia can afford this mortgage of $42000.

When Pia was 20, they tried to obtain a student loan from 6 alternate banks, which harmed their credit rating. Below is a chronology of Pia’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $32,000.00 on March 6, 2009
  • Attempt 2) Loan for $34,000.00 on October 15, 2011
  • Attempt 3) Loan for $25,000.00 on January 24, 2012
  • Attempt 4) Loan for $25,000.00 on November 12, 2010
  • Attempt 5) Loan for $37,000.00 on March 5, 2011
  • Attempt 6) Loan for $31,000.00 on July 24, 2010

Paraphrased and Standardized Quote from Pia for this mortgage of $42000, provided by First National Bank of Brookfield

Hello, I am Pia and my hometown is Brookfield in Illinois. Cook, county is where I grew up, and now I need a mortgage in Illinois for $42000 to buy a car. It wasn’t easy, but First National Bank of Brookfield really came through for me with this loan for 10.3% interest APR and a term of 12 years. I can repay the loan over the 12 year term, including interest. A big thanks to First National Bank of Brookfield for giving me a chance and my fair credit. It look me 4 years to build my credit to 503, and I won’t harm it any future. I’m pleased with Find Texas Loans for helping me this far.

Previous requests on Pia’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$31780.00 6 10.3% $593.57 The Gerber State Bank November 8, 2011
$32340.00 5 8.1% $657.29 The Belvidere National Bank and Trust Company April 19, 2012
$31780.00 4 6.6% $755.13 Commerce Bank August 10, 2012
$32140.00 4 9.2% $802.86 Byron Bank July 28, 2013
$31620.00 11 7.4% $350.82 Amalgamated Bank of Chicago January 23, 2015
Client Profile: Pia Ardman of Brookfield, Illinois
  • Full name (Changed if requested): Pia Ardman
  • Current Credit: loans.hit.utils.Fico@52cc8049
  • Current City: Brookfield
  • State: Illinois
  • Zip code: 60518
  • Yearly income: $62,000
  • Current Job: area
  • Current County: Cook
  • Goal Yearly Income: $133,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Personal Loan for an area named Pia in Brookfield, Illinois to Pay Off Coors Credit Union Fixed Rate Summit Platinum Visa

Pia had a tonne of credit card debt on their Jeff Bank Visa Signature Bonus Rewards Card and their IKEA Credit Card, and they were starting to get in over their heads. Despite Pia’s job as an area, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Conclusion of Pia’s mortgage

In the end, Pia was able to find a mortgage for $42000 with an interest rate of 11.1% interest APR from First National Bank of Brookfield in Brookfield, Illinois repayable over 12 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.