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Personal Loan For $98000 Near 63390, Missouri With A Credit Score Of 716

$98000 Personal Loan – Wright City Missouri, Credit Score Of 716

  • Experian: 726 – They had a good Experian rating
  • Transunion: 704 – Kevin had a good credit rating with Transunion.
  • Equifax: Kevin’s Experian score was 716, which is a good credit score using the Experian system.

Signature Loan easily acquired in Wright City, Missouri for $98000 with good credit by Kevin

Many prospective borrowers struggle with obtaining signature loans in Wright City, Missouri, and Kevin is the same. Kevin went to 8 lenders or more before finding FMB Bank, who offered Kevin a signature loan for $98000. Most signature loans simply need a client, like Kevin’s signature to get them, up to $40,000 in some cases. Kevin was able to get $98000 as a personal loan, which is very high for a personal loan. Since signature loans don’t need collateral, they generally require better credit, as high as 789

Paraphrased and Standardized Quote from Kevin for this personal loan of $98000, provided by FMB Bank

Hi, I am Kevin and I am from Wright City in Missouri. Warren, county is where I grew up, and now I need a personal loan in Missouri for $98000 to buy a big ticket item. It wasn’t easy, but FMB Bank really came through for me with this loan for 11.1% interest APR and a term of 21 years. I can probably repay the loan over the 21 year term, including interest. A big thanks to FMB Bank for giving me a chance and my good credit. It look me 4 years to build my credit to 716, and I won’t harm it any more. I am happy with Find Texas Loans for helping me this far.

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

Kevin has always wanted to be an irrigation engineer, but would need attend Star Career Academy – Brick again to become one. Kevin has other possibilities as well, including anti-terrorism intelligence agent, family caseworker, and revenue agent, which pay $56,000 through to $94,000 per year, on average. For this reason, we think that Kevin can afford this personal loan of $98000.

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

Average debt consolidation loans range from $36,000.00 to $51,000.00. They are typically used to pay off existing high interest loans like credit cards. Kevin required a debt consolidation loan to pay for their existing personal loan and their loan shark loan. Kevin was able to find a personal loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 4.4%.

Personal Loan for a property accountant named Kevin in Wright City, Missouri to Pay Off University of Washington Alumni Association Credit Card

Kevin had a lot of credit card debt on their First Hawaiian Bank Business MasterCard and their UMB Simply Rewards Visa Platinum Card, and they were starting to get in over their heads. Despite Kevin’s job as a property accountant, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Client Profile: Kevin Lockery of Wright City, Missouri
  • Full name (Changed if requested): Kevin Lockery
  • Current Credit: loans.hit.utils.Fico@254989ff
  • Current City: Wright City
  • State: Missouri
  • Zip code: 63391
  • Yearly income: $37,000
  • Current Job: property accountant
  • Current County: Warren
  • Goal Yearly Income: $96,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Multiple previous requests for credit have been made by Kevin in the past, including one from Deep River Savings Bank in Wright City, Missouri before Kevin was accepted for the $98000 by FMB Bank

Kevin made 4 prior attempts to obtain a personal loan, 2 of which were with Deep River Savings Bank, a bank in Wright City, Missouri known to specialize in personal loans specifically. Before finding FMB Bank, Kevin was concerned due to their inexperience and good credit rating.

Installment loan for Kevin, a graduate of Star Career Academy – Brick and a property accountant working for over $75,000 per year

Kevin, an alumnus at Star Career Academy – Brick and a property accountant in Wright City, Missouri wants a personal loan to purchase something frivolous. Kevin has instead decided to obtain an installment loan for $12,000 and is at present seeking lenders like Camden County Bank to provide it.

Fast Loans for Kevin in Wright City, Missouri to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Wright City, Missouri aren’t actually that difficult to obtain, especially if you have some gumption like Kevin. Kevin was able to find a fast loan for $98000 from Commerce Bank of Richmond Heights and Normandy Bank, but declined both offers in favor of their personal loan from FMB Bank. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. A big improvement in the case that you are on the go.

When Kevin was 19, they attempted to obtain a student loan from 4 alternate lenders, which harmed their credit score. Below is a chronology of Kevin’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $33,000.00 on May 21, 2011
  • Attempt 2) Loan for $33,000.00 on January 22, 2011
  • Attempt 3) Loan for $26,000.00 on February 19, 2011
  • Attempt 4) Loan for $29,000.00 on November 15, 2008

8 Months Ago, Kevin Attempted to Find a High Risk Loan for $24,000.00, and it was Hard

It is an ongoing struggle for borrowers to find high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Kevin. Kevin chose not to obtain a high risk loan this time. High Risk loans are given to bad credit individuals. Individuals with credit ratings as low as 435 can apply for a high risk loan and possibly can be accepted.

Kevin’s Overall FICO score at the time of acceptance for a personal loan, taking into account their property accountant job and their future job as an irrigation engineer

Fico Score: 716

Before applying for this personal loan, Kevin had an Experian score of 726, which is good, so FMB Bank likely cannot provide Kevin a personal loan

Experian Score: 726

Contact Details for FMB Bank, the provider of this personal loan

  • FMB Bank
  • City: Wright City
  • State: Missouri
  • Address: 100 Veterans Memorial Parkway
  • County: Warren
  • Zip code: 63390

Previous requests on Kevin’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$101640.00 7 10.2% $1697.87 Camden County Bank January 4, 2012
$102140.00 9 6.6% $1256.79 Glasgow Savings Bank October 15, 2012
$101560.00 6 7.6% $1760.91 Central Bank October 21, 2012
$102110.00 5 11.1% $2225.21 Midwest BankCentre April 4, 2014
$102330.00 8 6.3% $1359.76 Commerce Bank of Richmond Heights June 9, 2014

Kevin’s Transunion score was changed by the personal loan loan, changing to 704 from 716, which is typical in our experience.

Transunion Score: 704

Kevin was rejected by Central Bank 6 times prior to being accepted by FMB Bank at 100 Veterans Memorial Parkway

On April 28, 2013, Kevin applied about borrowing $34,000 from Cass Commercial Bank with Cornelia, their in law from just outside Wright City, and even with the co-signer, Kevin was rejected for this personal loan. With good credit, it can be difficult to procure funding, even with collateral and a co-signer.

Conclusion of Kevin’s personal loan

In the end, Kevin was able to find a personal loan for $98000 with an interest rate of 6.3% interest APR from FMB Bank in Wright City, Missouri repayable over 21 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.