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Mortgage Of $92000 For Fair Credit Tennessee Resident

$92000 Mortgage – Knoxville Tennessee, Credit Score Of 594

  • Experian: 607 – The client had a fair Experian score
  • Transunion: 577 – Maurice had a fair credit score with Transunion.
  • Equifax: Maurice’s Experian score was 594, which is a fair credit rating using the Experian rating scheme.

Maurice has a very low current yearly income, but has a large amount of prospects

Maurice has always wanted to be a highway maintenance worker, but would need attend National Louis University again to achieve it. Maurice has other possibilities as well, including athletic director, education professor, and county or city auditor, which pay $59,000 through to $94,000 per year, on average. Because of this, we think that Maurice can afford this mortgage of $92000.

Client Profile: Maurice Burgner of Knoxville, Tennessee
  • Full name (Changed if requested): Maurice Burgner
  • Current Credit: loans.hit.utils.Fico@12edcd21
  • Current City: Knoxville
  • State: Tennessee
  • Zip code: 37904
  • Yearly income: $43,000
  • Current Job: middle school administrator
  • Current County: Knox
  • Goal Yearly Income: $80,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

When Maurice was 23, they tried to obtain a student loan from 6 alternate lenders, which harmed their credit rating. Below is a chronology of Maurice’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $27,000.00 on May 2, 2010
  • Attempt 2) Loan for $35,000.00 on December 11, 2010
  • Attempt 3) Loan for $34,000.00 on May 13, 2011
  • Attempt 4) Loan for $25,000.00 on February 6, 2010
  • Attempt 5) Loan for $33,000.00 on October 21, 2010
  • Attempt 6) Loan for $29,000.00 on May 23, 2011

Personal Loan for a middle school administrator named Maurice in Knoxville, Tennessee to Pay Off Chevron and Texaco Visa Card

Maurice had a tonne of credit card debt on their UMB Eco Rewards Visa Platinum and their Von Maur Interest-Free Charge Card, and they were starting to get in over their heads. Despite Maurice’s job as a middle school administrator, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Contact Details for City and County Bank of Knox County, the provider of this mortgage

  • City and County Bank of Knox County
  • City: Knoxville
  • State: Tennessee
  • Address: 1 Regency Square
  • County: Knox
  • Zip code: 37901

7 Months in the Past, Maurice Tried Finding a High Risk Loan for $33,000.00, but They Didn’t Find What They were Expecting

It is an existing struggle for borrowers to find high risk loans in a non-harmful way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Maurice. Maurice chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit borrowers. Borrowers with credit ratings as low as 419 can apply for a high risk loan and have a chance to be approved.

Paraphrased and Standardized Quote from Maurice for this mortgage of $92000, provided by City and County Bank of Knox County

Hi, I am Maurice and my hometown is Knoxville in Tennessee. Knox, county is where I grew up, and now I need a mortgage in Tennessee for $92000 to avoid bankruptcy. It has been difficult, but City and County Bank of Knox County really came through for me with this loan for 6.8% interest APR and a term of 17 years. I can repay the loan over the 17 year term, including interest. A big thanks to City and County Bank of Knox County for trusting me and my fair credit. It look me 6 years to build my credit to 594, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Maurice’s Overall FICO score at the time of acceptance for a mortgage, taking into account their middle school administrator job and their future career as a highway maintenance worker

Fico Score: 594

Before applying for this mortgage, Maurice had an Experian score of 607, which is fair, so City and County Bank of Knox County probably can provide Maurice a mortgage

Experian Score: 607

Installment loan for Maurice, a graduate of National Louis University and a middle school administrator working for over $73,000 per year

Maurice, an alumnus at National Louis University and a middle school administrator in Knoxville, Tennessee needs a mortgage to purchase something frivolous. Maurice has instead chosen to get an installment loan for $20,000 and is currently seeking lenders like The Farmers & Merchants Bank to provide it.

Maurice was rejected by Farmers Bank 5 times before being granted funding by City and County Bank of Knox County at 1 Regency Square

On April 27, 2010, Maurice applied about borrowing $38,000 from CommunityFIRST Bank with Kandis, their in law from just outside Knoxville, and even with the co-signer, Maurice was rejected for this mortgage. With fair credit, it can be very hard to obtain financing, even with collateral and a co-signer.

Fast Loans for Maurice in Knoxville, Tennessee to prevent bankruptcy or harm from debt collectors.

Fast loans in Knoxville, Tennessee aren’t actually that difficult to obtain, especially if you have some finesse like Maurice. Maurice was able to find a fast loan for $92000 from Bank of Crockett and Farmers Bank, but declined both offers in favor of their mortgage from City and County Bank of Knox County. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. A big difference if you are in a pinch.

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

Most debt consolidation loans range from $33,000.00 to $51,000.00. They are normally used to pay off existing high interest loans like credit cards. Maurice needed a debt consolidation loan to pay for their existing mortgage and their credit card. Maurice 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 bad, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.4%.

Previous requests on Maurice’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$132690.00 3 11.2% $4356.68 Citizens Bank January 16, 2012
$133320.00 11 9.2% $1609.38 SunTrust Bank, Chattanooga, National Association June 15, 2012
$133480.00 4 6.1% $3140.91 GreenBank September 25, 2013
$133200.00 6 9.2% $2414.24 CommunityFIRST Bank November 3, 2013

Signature Loan found in Knoxville, Tennessee for $92000 with fair credit by Maurice

Most clients have difficulty with obtaining signature loans in Knoxville, Tennessee, and Maurice is the same. Maurice went to 6 lending institutions or more before settling on City and County Bank of Knox County, who offered Maurice a signature loan for $92000. Typical signature loans simply require a client, like Maurice’s signature to get them, up to $26,000 in some cases. Maurice was able to get $92000 as a mortgage, which is very high for a mortgage. Since signature loans don’t need a cosigner, they tend to require better credit, as high as 764

Multiple previous requests for credit have been made by Maurice in the past, including one from Ponte Vedra National Bank in Knoxville, Tennessee before Maurice was accepted for the $92000 by City and County Bank of Knox County

Maurice made 8 previous tries to obtain a mortgage, 2 of which were with Ponte Vedra National Bank, a bank in Knoxville, Tennessee known to specialize in mortgages specifically. Before finding City and County Bank of Knox County, Maurice was desperate due to their inexperience and fair credit score.

Maurice’s Transunion score was altered by the mortgage loan, changing to 577 from 594, which is normal in our experience.

Transunion Score: 577

Conclusion of Maurice’s mortgage

In the end, Maurice was able to find a mortgage for $92000 with an interest rate of 6.6% interest APR from City and County Bank of Knox County in Knoxville, Tennessee repayable over 17 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.