$80000 Mortgage – Arkansas City Kansas, Credit Score Of 475
- Experian: 492 – The client had a bad Experian rating
- Transunion: 458 – Kristal had a bad credit score with Transunion.
- Equifax: Kristal’s Experian score was 475, which is a bad credit rating on the Experian system.
Multiple other requests for credit have been made by Kristal in the past, including one from Minnesota Valley Bank in Arkansas City, Kansas before Kristal was accepted for the $80000 by Home National Bank
Kristal made 9 prior attempts to obtain a mortgage, 2 of which were with Minnesota Valley Bank, a lender in Arkansas City, Kansas known to specialize in mortgages specifically. Before finding Home National Bank, Kristal was desperate due to their inexperience and bad credit score.
Kristal’s Transunion score was changed by the mortgage loan, changing to 458 from 475, which is typical in our experience.
Previous requests on Kristal’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$25260.00||9||6.4%||$308.29||Citizens Bank and Trust Company||June 17, 2013|
|$25320.00||10||8.2%||$309.88||The Morrill and Janes Bank and Trust Company||March 15, 2014|
|$24600.00||11||7.3%||$271.63||The Citizens State Bank, Liberal, Kansas||December 24, 2014|
|$25230.00||4||11.6%||$659.46||Citizens State Bank||July 8, 2015|
|$25120.00||7||10.6%||$424.85||The Peoples Bank||July 17, 2015|
Kristal was declined by Fidelity State Bank and Trust Company 5 times before being accepted by Home National Bank at 126 South Summit
On October 16, 2008, Kristal applied about borrowing $18,000 from The Fidelity State Bank with Galen, their friend from just outside Arkansas City, and even with the co-signer, Kristal was rejected for this mortgage. With bad credit, it can be challenging to obtain funding, even with collateral and a co-signer.
Contact Details for Home National Bank, the provider of this mortgage
- Home National Bank
- City: Arkansas City
- State: Kansas
- Address: 126 South Summit
- County: Cowley
- Zip code: 67005
When Kristal was 23, they attempted to obtain a student loan from 7 alternate banks, which harmed their credit score. Below is a list of Kristal’s previous attempts at finding a student loan:
- Attempt 1) Loan for $33,000.00 on August 9, 2011
- Attempt 2) Loan for $26,000.00 on October 29, 2008
- Attempt 3) Loan for $29,000.00 on June 7, 2010
- Attempt 4) Loan for $36,000.00 on May 7, 2013
- Attempt 5) Loan for $31,000.00 on October 30, 2013
- Attempt 6) Loan for $31,000.00 on July 31, 2009
- Attempt 7) Loan for $21,000.00 on February 8, 2009
Kristal has a disappointing current yearly income, but has several of prospects
Kristal has always wanted to be a field contractor, but would need attend Grace Mission University again to become one. Kristal has other prospects as well, including airline flight attendant, advertising agency coordinator, and hotel convention/events coordinator, which pay $55,000 through to $99,000 per year, on average. For this reason, we believe that Kristal can afford this mortgage of $80000.
Paraphrased and Standardized Quote from Kristal for this mortgage of $80000, provided by Home National Bank
Hi, I am Kristal and I am from Arkansas City in Kansas. Cowley, county is where I grew up, and now I need a mortgage in Kansas for $80000 to avoid bankruptcy. It has been difficult, but Home National Bank really came through for me with this loan for 7.7% interest APR and a term of 14 years. I can repay the loan over the 14 year term, including interest. A big thanks to Home National Bank for trusting me and my bad credit. It look me 8 years to build my credit to 475, and I won’t tarnish it any future. I am happy with Find Texas Loans for helping me this far.
- Full name (Changed if requested): Kristal Nenno
- Current Credit: loans.hit.utils.Fico@1218025c
- Current City: Arkansas City
- State: Kansas
- Zip code: 67010
- Yearly income: $57,000
- Current Job: professional sports scout
- Current County: Cowley
- Goal Yearly Income: $92,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000
Kristal’s Overall FICO score at the time of acceptance for a mortgage, taking into account their professional sports scout job and their future job as a field contractor
Installment loan for Kristal, a graduate of Grace Mission University and a professional sports scout working for over $66,000 per year
Kristal, an alumnus at Grace Mission University and a professional sports scout in Arkansas City, Kansas wants a mortgage to purchase a car. Kristal has instead decided to obtain an installment loan for $11,000 and is at present seeking lenders like The Victory State Bank to process their request.
Personal Loan for a professional sports scout named Kristal in Arkansas City, Kansas to Pay Off Gillette Children’s Specialty Healthcare Visa Platinum Rewards Card
Kristal had a lot of credit card debt on their Fifth Third Bank Responsible MasterCard and their Ace Rewards Visa Business Card, and they were starting to get in over their heads. Despite Kristal’s job as a professional sports scout, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Fast Loans for Kristal in Arkansas City, Kansas to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Arkansas City, Kansas aren’t actually that difficult to obtain, particularly if you have some finesse like Kristal. Kristal was able to find a fast loan for $80000 from Peoples Bank and Trust Company and The Sedan State Bank, Sedan, Kansas, but turned down both offers in favor of their mortgage from Home National Bank. 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 debt consolidation loans. A big improvement if a client is in a time sensitive situation.
Before applying for this mortgage, Kristal had an Experian score of 492, which is bad, so Home National Bank likely cannot provide Kristal a mortgage
8 Months in the Past, Kristal Attempted to Find a High Risk Loan for $20,000.00, and it was Easy
There is an well known struggle for clients to get 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 scary to borrowers like Kristal. Kristal chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit borrowers. Clients with credit ratings as low as 477 can apply for a high risk loan and may be be accepted.
Signature Loan acquired in Arkansas City, Kansas for $80000 with bad credit by Kristal
Most clients have difficulty with obtaining signature loans in Arkansas City, Kansas, and Kristal is not an exception. Kristal went to 8 lenders or more before settling on Home National Bank, who offered Kristal a signature loan for $80000. Typical signature loans simply require a client, like Kristal’s signature to get them, up to $40,000 in some cases. Kristal was able to get $80000 as a mortgage, which is very high for a mortgage. Since signature loans do not need collateral, they generally require higher credit, as high as 756
Debt Consolidation Can Assist Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks
Most debt consolidation loans range from $29,000.00 to $53,000.00. They are normally used to pay off existing high interest loans like credit cards. Kristal needed a debt consolidation loan to pay for their existing mortgage and their loan shark loan. Kristal was able to find a mortgage in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your dirty, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.6%.
Conclusion of Kristal’s mortgage
In the end, Kristal was able to find a mortgage for $80000 with an interest rate of 9.0% interest APR from Home National Bank in Arkansas City, Kansas repayable over 14 years from today.