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Mortgage With Very Low APR In Dallas County, Missouri

$176000 Mortgage – Urbana Missouri, Credit Rating Of 381

  • Experian: 400 – They had a terrible Experian rating
  • Transunion: 367 – Ollie had a terrible credit score with Transunion.
  • Equifax: Ollie’s Experian score was 381, which is a terrible credit score with the Experian system.

Previous requests on Ollie’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$90230.00 6 7.6% $1564.46 Camden County Bank December 12, 2012
$89540.00 10 5.7% $980.64 Glasgow Savings Bank November 22, 2013
$89750.00 7 8.7% $1430.37 Central Bank March 11, 2015
$90200.00 7 6.2% $1326.36 Midwest BankCentre August 1, 2015

Paraphrased and Standardized Quote from Ollie for this mortgage of $176000, provided by The Bank of Urbana

Hello, I am Ollie and I’m from Urbana in Missouri. Dallas, county is where I grew up, and now I need a mortgage in Missouri for $176000 to buy a car. It wasn’t easy, but The Bank of Urbana really came through for me with this loan for 11.3% interest APR and a term of 15 years. I will repay the loan over the 15 year term, including interest. A big thanks to The Bank of Urbana for giving me a chance and my terrible credit. It look me 9 years to create my credit to 381, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Ollie was not approved by Normandy Bank 7 times before being approved by The Bank of Urbana at 109 N. Main St

On March 28, 2009, Ollie inquired about borrowing $41,000 from Mercantile Bank of Franklin County with Robbie, their in law from just outside Urbana, and even with the co-signer, Ollie was rejected for this mortgage. With terrible credit, it can be very hard to procure funding, even with collateral and a co-signer.

Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans vary from $38,000.00 to $47,000.00. They are normally used to pay off existing high interest loans like credit cards. Ollie required a debt consolidation loan to pay for their existing mortgage and their loan shark loan. Ollie was able to find a mortgage in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which transfers your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 3.5%.

Several other requests for credit have been made by Ollie in the past, including one from Luverne Federal Savings and Loan Association in Urbana, Missouri before Ollie was approved for the $176000 by The Bank of Urbana

Ollie made 4 previous tries to obtain a mortgage, 2 of which were with Luverne Federal Savings and Loan Association, a lending institution in Urbana, Missouri known to specialize in mortgages specifically. Prior to finding The Bank of Urbana, Ollie was concerned due to their inexperience and terrible credit rating.

Personal Loan for an electrical and electronic inspector named Ollie in Urbana, Missouri to Pay Off RBC Visa Signature Black Plus Credit Card

Ollie had a tonne of credit card debt on their American Savings Bank Business Edition Visa Card with Absolute Rewards and their First National Bank & Trust Credit Cards, and they were starting to get in over their heads. Despite Ollie’s job as an electrical and electronic inspector, they struggled to make payments on the $23,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Client Profile: Ollie Duell of Urbana, Missouri
  • Full name (Changed if requested): Ollie Duell
  • Current Credit: loans.hit.utils.Fico@5b6f7412
  • Current City: Urbana
  • State: Missouri
  • Zip code: 65772
  • Yearly income: $50,000
  • Current Job: electrical and electronic inspector
  • Current County: Dallas
  • Goal Yearly Income: $124,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Before applying for this mortgage, Ollie had an Experian score of 400, which is terrible, so The Bank of Urbana probably cannot provide Ollie a mortgage

Experian Score: 400

Ollie has a disappointing current yearly income, but has a large amount of prospects

Ollie has always wanted to be a stress analyst engineer, but would have to attend Indiana University – Purdue University Indianapolis again to achieve it. Ollie has other prospects as well, including warehouse stock clerk, mathematical technician, and pressing machine operator, which pay $58,000 through to $91,000 per year, at least. For this reason, we think that Ollie can afford this mortgage of $176000.

Ollie’s Overall FICO score at the time of acceptance for a mortgage, taking into account their electrical and electronic inspector job and their future career as a stress analyst engineer

Fico Score: 381

Contact Details for The Bank of Urbana, the provider of this mortgage

  • The Bank of Urbana
  • City: Urbana
  • State: Missouri
  • Address: 109 N. Main St
  • County: Dallas
  • Zip code: 65767

Fast Loans for Ollie in Urbana, Missouri to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Urbana, Missouri aren’t actually that difficult to obtain, especially if you have some finesse like Ollie. Ollie was able to find a fast loan for $176000 from Wood & Huston Bank and Commerce Bank of Tower Grove, but turned down both offers in favor of their mortgage from The Bank of Urbana. The difference with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big difference in the case that you are in a time sensitive situation.

Ollie’s Transunion score was changed by the mortgage loan, changing to 367 from 381, which is typical in our experience.

Transunion Score: 367

When Ollie was 21, they tried to obtain a student loan from 6 different banks, which damaged their credit rating. Below is a list of Ollie’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $25,000.00 on February 16, 2009
  • Attempt 2) Loan for $36,000.00 on November 7, 2008
  • Attempt 3) Loan for $22,000.00 on May 1, 2012
  • Attempt 4) Loan for $32,000.00 on March 7, 2013
  • Attempt 5) Loan for $20,000.00 on November 28, 2011
  • Attempt 6) Loan for $30,000.00 on January 16, 2013

6 Months in the Past, Ollie Tried to Find a High Risk Loan for $28,000.00, and it was Easy

It is an ongoing struggle for clients to get high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Ollie. Ollie decided not to obtain 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 585 can apply for a high risk loan and may be be accepted.

Signature Loan found in Urbana, Missouri for $176000 with terrible credit by Ollie

Most clients have difficulty with finding signature loans in Urbana, Missouri, and Ollie is not an exception. Ollie went to 7 lenders or more prior to finding The Bank of Urbana, who offered Ollie a signature loan for $176000. Typical signature loans simply need a client, like Ollie’s signature to get them, up to $26,000 in some cases. Ollie was able to get $176000 as a mortgage, which is very high for a mortgage. Because signature loans don’t need collateral, these loans tend to require improved credit, as high as 787

Installment loan for Ollie, a graduate of Indiana University – Purdue University Indianapolis and an electrical and electronic inspector working for over $79,000 per year

Ollie, an alumnus at Indiana University – Purdue University Indianapolis and an electrical and electronic inspector in Urbana, Missouri wants a mortgage to purchase a house. Ollie has instead decided to get an installment loan for $15,000 and is currently seeking lenders like Jefferson-Gravois Bank of St. Louis to provide it.

Conclusion of Ollie’s mortgage

In the end, Ollie was able to find a mortgage for $176000 with an interest rate of 5.4% interest APR from The Bank of Urbana in Urbana, Missouri repayable over 15 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.