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Personal Loan Of $96000 For Fair Credit Tennessee Resident

$96000 Personal Loan – Manchester Tennessee, Credit Score Of 532

  • Experian: 550 – They had a fair Experian rating
  • Transunion: 513 – Katheryn had a fair credit score with Transunion.
  • Equifax: Katheryn’s Experian score was 532, which is a fair credit rating using the Experian scale.
Client Profile: Katheryn Savio of Manchester, Tennessee
  • Full name (Changed if requested): Katheryn Savio
  • Current Credit: loans.hit.utils.Fico@7530d0a
  • Current City: Manchester
  • State: Tennessee
  • Zip code: 37363
  • Yearly income: $66,000
  • Current Job: tax examiner
  • Current County: Coffee
  • Goal Yearly Income: $131,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Katheryn’s Overall FICO score at the time of acceptance for a personal loan, taking into account their tax examiner job and their future job as a home entertainment system installer

Fico Score: 532

Katheryn has a very low current gross income, but has a large amount of prospects

Katheryn has always wanted to be a home entertainment system installer, but would have to attend Hampton University again to become one. Katheryn has other possibilities as well, including psychiatrist, clergy member, and dry wall installer, which pay $54,000 through to $92,000 per year, on average. For this reason, we believe that Katheryn can pay for this personal loan of $96000.

Katheryn was declined by Smith County Bank 6 times prior to being granted funding by Home Federal Savings and Loan Association at 1000 Hillsboro Blvd

On January 11, 2009, Katheryn inquired about borrowing $2,000 from Peoples and Union Bank with Isaiah, their friend from just outside Manchester, and even with the co-signer, Katheryn was rejected for this personal loan. With fair credit, it can be very hard to obtain financing, even with collateral and a co-signer.

Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans vary from $20,000.00 to $58,000.00. They are typically used to pay off existing high interest loans like credit cards. Katheryn required a debt consolidation loan to pay for their existing personal loan and their payday loan. Katheryn was able to find a personal loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your less desirable, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.6%.

Previous requests on Katheryn’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$110200.00 11 9.6% $1354.87 Citizens Bank May 25, 2013
$109770.00 4 9.8% $2773.52 SunTrust Bank, Chattanooga, National Association March 4, 2014
$109540.00 10 9.7% $1429.44 GreenBank April 13, 2014
$109690.00 4 8.6% $2708.85 CommunityFIRST Bank December 15, 2014

Signature Loan easily acquired in Manchester, Tennessee for $96000 with fair credit by Katheryn

A lot of borrowers struggle with obtaining signature loans in Manchester, Tennessee, and Katheryn is not an exception. Katheryn went to 8 lending institutions or more before settling on Home Federal Savings and Loan Association, who offered Katheryn a signature loan for $96000. Most signature loans simply require a client, like Katheryn’s signature to get them, up to $21,000 in some cases. Katheryn was able to get $96000 as a personal loan, which is very high for a personal loan. Since signature loans don’t need a cosigner, they generally need higher credit, as high as 727

Before applying for this personal loan, Katheryn had an Experian score of 550, which is fair, so Home Federal Savings and Loan Association probably cannot provide Katheryn a personal loan

Experian Score: 550

Paraphrased and Standardized Quote from Katheryn for this personal loan of $96000, provided by Home Federal Savings and Loan Association

Hi, I am Katheryn and my hometown is Manchester in Tennessee. Coffee, county is where I grew up, and now I need a personal loan in Tennessee for $96000 to avoid bankruptcy. It has been difficult, but Home Federal Savings and Loan Association really came through for me with this loan for 9.5% interest APR and a term of 11 years. I can repay the loan over the 11 year term, including interest. A big thanks to Home Federal Savings and Loan Association for trusting me and my fair credit. It look me 5 years to create my credit to 532, and I won’t harm it any more. I am happy with Find Texas Loans for assisting me this far.

When Katheryn was 22, they attempted to obtain a student loan from 7 alternate lenders, which damaged their credit rating. Below is a list of Katheryn’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $21,000.00 on August 8, 2011
  • Attempt 2) Loan for $21,000.00 on November 3, 2010
  • Attempt 3) Loan for $33,000.00 on April 24, 2009
  • Attempt 4) Loan for $37,000.00 on December 4, 2010
  • Attempt 5) Loan for $35,000.00 on February 8, 2011
  • Attempt 6) Loan for $24,000.00 on April 29, 2011
  • Attempt 7) Loan for $30,000.00 on February 6, 2011

Many previous requests for credit have been made by Katheryn in the past, including one from Homestead Bank, S.S.B. in Manchester, Tennessee before Katheryn was accepted for the $96000 by Home Federal Savings and Loan Association

Katheryn made 4 prior attempts to obtain a personal loan, 2 of which were with Homestead Bank, S.S.B., a lending institution in Manchester, Tennessee known to specialize in personal loans specifically. Prior to finding Home Federal Savings and Loan Association, Katheryn was very concerned due to their inexperience and fair credit rating.

7 Months Ago, Katheryn Attempted Finding a High Risk Loan for $29,000.00, and it was Easy

It is an well known struggle for clients to find high risk loans in a safe way. Many high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Katheryn. Katheryn chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit individuals. Borrowers with credit ratings as low as 436 can inquire for a high risk loan and possibly can be approved.

Contact Details for Home Federal Savings and Loan Association, the provider of this personal loan

  • Home Federal Savings and Loan Association
  • City: Manchester
  • State: Tennessee
  • Address: 1000 Hillsboro Blvd
  • County: Coffee
  • Zip code: 37355

Katheryn’s Transunion score was changed by the personal loan loan, changing to 513 from 532, which is typical in our experience.

Transunion Score: 513

Fast Loans for Katheryn in Manchester, Tennessee to prevent bankruptcy or harm from debt collectors.

Fast loans in Manchester, Tennessee aren’t actually that difficult to obtain, particularly if you have some finesse like Katheryn. Katheryn was able to find a fast loan for $96000 from Bank of Trenton and Trust Company and Bank of Crockett, but turned down both offers in favor of their personal loan from Home Federal Savings and Loan Association. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. An improvement in the case that a client is in a time sensitive situation.

Personal Loan for a tax examiner named Katheryn in Manchester, Tennessee to Pay Off Wallis State Bank Visa Credit Cards

Katheryn had a tonne of credit card debt on their Apple Bank for Savings and their BP Business Solutions Fuel Program Card, and they were starting to get in over their heads. Despite Katheryn’s job as a tax examiner, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Installment loan for Katheryn, a graduate of Hampton University and a tax examiner working for over $60,000 per year

Katheryn, an alumnus at Hampton University and a tax examiner in Manchester, Tennessee wants a personal loan to purchase a house. Katheryn has instead chosen to obtain an installment loan for $23,000 and is currently seeking lenders like First Tennessee Bank, Gallatin, Tennessee to provide it.

Conclusion of Katheryn’s personal loan

In the end, Katheryn was able to find a personal loan for $96000 with an interest rate of 11.4% interest APR from Home Federal Savings and Loan Association in Manchester, Tennessee repayable over 11 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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