Do you have over $10,000 in Debt? Get Help now.

Personal Loan With Low APR In Cook County, Illinois

$60000 Personal Loan – Chicago Illinois, Credit Score Of 412

  • Experian: 429 – The client had a bad Experian score
  • Transunion: 399 – Walter had a bad credit score with Transunion.
  • Equifax: Walter’s Experian score was 412, which is a bad credit score on the Experian rating scheme.

Fast Loans for Walter in Chicago, Illinois to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Chicago, Illinois aren’t actually that difficult to obtain, particularly if you have some gumption like Walter. Walter was able to find a fast loan for $60000 from Community Banks of Shelby County and The Gerber State Bank, but declined both offers in favor of their personal loan from GreenChoice Bank, fsb. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big improvement if a client is on the go.

Walter has a low current gross income, but has several of prospects

Walter has always wanted to be a commercial diver, but would have to attend University of Phoenix again to become one. Walter has other prospects as well, including furniture designer, printmaker, and congressional aide, which pay $57,000 through to $103,000 per year, at least. For this reason, we think that Walter can afford this personal loan of $60000.

Walter’s Overall FICO score at the time of acceptance for a personal loan, taking into account their film laboratory technician job and their future career as a commercial diver

Fico Score: 412

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

Average debt consolidation loans vary from $22,000.00 to $44,000.00. They are mainly used to pay off existing high interest loans like credit cards. Walter required a debt consolidation loan to pay for their existing personal loan and their payday loan. Walter was able to find a personal loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which changes your less desirable, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.5%.

Client Profile: Walter Butzlaff of Chicago, Illinois
  • Full name (Changed if requested): Walter Butzlaff
  • Current Credit: loans.hit.utils.Fico@7eda2dbb
  • Current City: Chicago
  • State: Illinois
  • Zip code: 60650
  • Yearly income: $57,000
  • Current Job: film laboratory technician
  • Current County: Cook
  • Goal Yearly Income: $133,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

When Walter was 24, they tried to obtain a student loan from 4 different banks, which harmed their credit score. Below is a chronology of Walter’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $22,000.00 on September 1, 2009
  • Attempt 2) Loan for $25,000.00 on January 28, 2011
  • Attempt 3) Loan for $38,000.00 on May 30, 2013
  • Attempt 4) Loan for $38,000.00 on April 21, 2011

Walter was declined by The Gerber State Bank 6 times prior to being granted funding by GreenChoice Bank, fsb at 2545 West Diversey Avenue

On December 9, 2010, Walter applied about borrowing $43,000 from The Gerber State Bank with Norma, their in law from just outside Chicago, and even with the co-signer, Walter was rejected for this personal loan. With bad credit, it can be difficult to obtain financing, even with collateral and a co-signer.

Installment loan for Walter, a graduate of University of Phoenix and a film laboratory technician working for over $68,000 per year

Walter, an alumnus at University of Phoenix and a film laboratory technician in Chicago, Illinois wants a personal loan to purchase something frivolous. Walter has instead decided to get an installment loan for $15,000 and is currently seeking lenders like NBD Bank Evanston, National Association to process their request.

Personal Loan for a film laboratory technician named Walter in Chicago, Illinois to Pay Off Villanova University Alumni Association Platinum Plus MasterCard with WorldPoints Rewards

Walter had a lot of credit card debt on their First National Bank Maximum Rewards Visa Card and their Lincoln Highway Association Visa Platinum Rewards Card, and they were starting to get in over their heads. Despite Walter’s job as a film laboratory technician, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

6 Months in the Past, Walter Attempted to Find a High Risk Loan for $27,000.00, and it was Easy

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 the like, which can be scary to borrowers like Walter. Walter chose not to get a high risk loan this time. High Risk loans are generally given by lenders to terrible credit individuals. Borrowers with credit scores as low as 430 can apply for a high risk loan and possibly can be accepted.

Signature Loan found in Chicago, Illinois for $60000 with bad credit by Walter

Most borrowers struggle with obtaining signature loans in Chicago, Illinois, and Walter is the same. Walter went to 7 lenders or more before finding GreenChoice Bank, fsb, who offered Walter a signature loan for $60000. Most signature loans simply require a client, like Walter’s signature to get them, up to $21,000 in some cases. Walter was able to get $60000 as a personal loan, which is very high for a personal loan. Since signature loans do not require a cosigner, they tend to need higher credit, as high as 723

Walter’s Transunion score was altered by the personal loan loan, changing to 399 from 412, which is typical in our experience.

Transunion Score: 399

Previous requests on Walter’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$25450.00 10 11.1% $352.02 The Gerber State Bank October 26, 2010
$24600.00 4 9.3% $615.68 The Belvidere National Bank and Trust Company July 13, 2012
$25320.00 8 5.6% $327.83 Commerce Bank December 6, 2012
$24890.00 5 10.8% $538.69 Byron Bank July 14, 2013

Paraphrased and Standardized Quote from Walter for this personal loan of $60000, provided by GreenChoice Bank, fsb

Hi, I am Walter and I am from Chicago in Illinois. Cook, county is where I grew up, and now I need a personal loan in Illinois for $60000 to buy a car. It has been difficult, but GreenChoice Bank, fsb really came through for me with this loan for 10.7% interest APR and a term of 18 years. I will repay the loan over the 18 year term, including interest. A big thanks to GreenChoice Bank, fsb for trusting me and my bad credit. It look me 9 years to create my credit to 412, and I won’t harm it any future. I am pleased with Find Texas Loans for helping me this far.

Before applying for this personal loan, Walter had an Experian score of 429, which is bad, so GreenChoice Bank, fsb probably cannot provide Walter a personal loan

Experian Score: 429

Contact Details for GreenChoice Bank, fsb, the provider of this personal loan

  • GreenChoice Bank, fsb
  • City: Chicago
  • State: Illinois
  • Address: 2545 West Diversey Avenue
  • County: Cook
  • Zip code: 60647

Many previous requests for credit have been made by Walter in the past, including one from Citizens National Bank in Chicago, Illinois before Walter was accepted for the $60000 by GreenChoice Bank, fsb

Walter made 4 prior attempts to obtain a personal loan, 2 of which were with Citizens National Bank, a lending institution in Chicago, Illinois known to specialize in personal loans specifically. Before finding GreenChoice Bank, fsb, Walter was desperate due to their inexperience and bad credit rating.

Conclusion of Walter’s personal loan

In the end, Walter was able to find a personal loan for $60000 with an interest rate of 7.5% interest APR from GreenChoice Bank, fsb in Chicago, Illinois repayable over 18 years from now.

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

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.