$54000 Private Loan – Ionia Michigan, Credit Score Of 780
- Experian: 797 – This client had an excellent Experian rating
- Transunion: 761 – Gretchen had an excellent credit score with Transunion.
- Equifax: Gretchen’s Experian score was 780, which is an excellent credit rating using the Experian scale.
Paraphrased and Standardized Quote from Gretchen for this private loan of $54000, provided by Independent Bank
Hello, I am Gretchen and I am from Ionia in Michigan. Ionia, county is where I grew up, and now I need a private loan in Michigan for $54000 to pay bills. It has been difficult, but Independent Bank really came through for me with this loan for 7.8% interest APR and a term of 20 years. I will repay the loan over the 20 year term, including interest. A big thanks to Independent Bank for trusting me and my excellent credit. It look me 6 years to create my credit to 780, and I won’t harm it any future. I’m pleased with Find Texas Loans for assisting me this far.
When Gretchen was 24, they attempted to obtain a student loan from 5 alternate lenders, which harmed their credit rating. Below is a list of Gretchen’s previous attempts at finding a student loan:
- Attempt 1) Loan for $24,000.00 on January 20, 2011
- Attempt 2) Loan for $26,000.00 on July 13, 2011
- Attempt 3) Loan for $22,000.00 on May 25, 2012
- Attempt 4) Loan for $26,000.00 on November 15, 2008
- Attempt 5) Loan for $37,000.00 on June 2, 2012
Gretchen was declined by First of America Bank – Mid Michigan, National Association 4 times prior to being granted funding by Independent Bank at 230 West Main Street
On March 11, 2013, Gretchen inquired about borrowing $9,000 from Fifth Third Bank with Karissa, their in law from just outside Ionia, and even with the co-signer, Gretchen was rejected for this private loan. With excellent credit, it can be challenging to procure funding, even with collateral and a co-signer.
Gretchen’s Transunion score was altered by the private loan loan, changing to 761 from 780, which is normal in our experience.
Fast Loans for Gretchen in Ionia, Michigan to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Ionia, Michigan aren’t actually that difficult to obtain, especially if you have some gumption like Gretchen. Gretchen was able to find a fast loan for $54000 from Bank of Lenawee and Fifth Third Bank, but declined both offers in favor of their private loan from Independent Bank. The improvement with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. A big difference if a borrower is in a pinch.
Before applying for this private loan, Gretchen had an Experian score of 797, which is excellent, so Independent Bank probably can provide Gretchen a private loan
Contact Details for Independent Bank, the provider of this private loan
- Independent Bank
- City: Ionia
- State: Michigan
- Address: 230 West Main Street
- County: Ionia
- Zip code: 48846
Gretchen’s Overall FICO score at the time of acceptance for a private loan, taking into account their product safety engineer job and their future job as an ophthalmic laboratory technician
- Full name (Changed if requested): Gretchen Roccio
- Current Credit: loans.hit.utils.Fico@5d099f62
- Current City: Ionia
- State: Michigan
- Zip code: 48853
- Yearly income: $38,000
- Current Job: product safety engineer
- Current County: Ionia
- Goal Yearly Income: $106,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000
Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Normal debt consolidation loans range from $37,000.00 to $55,000.00. They are mainly used to pay off existing high interest loans like credit cards. Gretchen needed a debt consolidation loan to pay for their existing private loan and their payday loan. Gretchen was able to find a private loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your dirty, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.7%.
Gretchen has a very low current total income, but has several of prospects
Gretchen has always wanted to be an ophthalmic laboratory technician, but would need attend DeVry University again to achieve it. Gretchen has other possibilities as well, including human resources management consultant, retail inventory control analyst, and bank examiner, which pay $51,000 through to $101,000 per year, at least. Because of this, we think that Gretchen can afford this private loan of $54000.
Previous requests on Gretchen’s credit
| Principle in USD | Term Length in Years | Annual Percentage Rate | Monthly Payment | Lender’s Branch Name | Date of Request |
|---|---|---|---|---|---|
| $47140.00 | 9 | 9.2% | $643.42 | Society Bank, Lenawee | May 30, 2009 |
| $47400.00 | 8 | 6.3% | $629.85 | Bank of Lenawee | October 7, 2010 |
| $46720.00 | 11 | 8.7% | $551.1 | First of America Bank – Alpena | September 4, 2012 |
| $47270.00 | 11 | 6.1% | $492.46 | NBD Ann Arbor, National Association | November 24, 2013 |
| $46540.00 | 3 | 5.8% | $1411.62 | First of America Bank – Mid Michigan, National Association | March 1, 2015 |
9 Months Ago, Gretchen Attempted to Find a High Risk Loan for $28,000.00, and it was Easy
There is an existing struggle for clients to get high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Gretchen. Gretchen chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit borrowers. Individuals with credit scores as low as 482 can inquire for a high risk loan and possibly can be approved.
Installment loan for Gretchen, a graduate of DeVry University and a product safety engineer working for over $60,000 per year
Gretchen, an alumnus at DeVry University and a product safety engineer in Ionia, Michigan needs a private loan to purchase a house. Gretchen has instead chosen to get an installment loan for $1,000 and is currently seeking lenders like Bank of Lenawee to provide it.
Multiple previous requests for credit have been made by Gretchen in the past, including one from South Bay Bank, National Association in Ionia, Michigan before Gretchen was accepted for the $54000 by Independent Bank
Gretchen made 6 prior attempts to obtain a private loan, 2 of which were with South Bay Bank, National Association, a lender in Ionia, Michigan known to specialize in private loans specifically. Before finding Independent Bank, Gretchen was desperate due to their inexperience and excellent credit score.
Personal Loan for a product safety engineer named Gretchen in Ionia, Michigan to Pay Off Coors Credit Union Platinum Rewards Visa
Gretchen had a tonne of credit card debt on their Wells Fargo Platinum Visa Credit Card and their Arizona Cardinals NFL Extra Points Visa Signature Card, and they were starting to get in over their heads. Despite Gretchen’s job as a product safety engineer, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Signature Loan found in Ionia, Michigan for $54000 with excellent credit by Gretchen
Many clients struggle with obtaining signature loans in Ionia, Michigan, and Gretchen is no exception. Gretchen went to 8 lenders or more prior to settling on Independent Bank, who offered Gretchen a signature loan for $54000. Most signature loans simply need a client, like Gretchen’s signature to get them, up to $45,000 in some cases. Gretchen was able to get $54000 as a private loan, which is very high for a private loan. Since signature loans do not require collateral, they tend to require improved credit, as high as 704
Conclusion of Gretchen’s private loan
In the end, Gretchen was able to find a private loan for $54000 with an interest rate of 9.7% interest APR from Independent Bank in Ionia, Michigan repayable over 20 years from today.
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