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Private Loan For $90000 Near 44646, Ohio With A Credit Score Of 475

$90000 Private Loan – Massillon Ohio, Credit Rating Of 475

  • Experian: 494 – The client had a bad Experian rating
  • Transunion: 461 – Freeda had a bad credit score with Transunion.
  • Equifax: Freeda’s Experian score was 475, which is a bad credit rating with the Experian scale.

Freeda’s Transunion score was changed by the private loan loan, changing to 461 from 475, which is normal in our experience.

Transunion Score: 461

Before applying for this private loan, Freeda had an Experian score of 494, which is bad, so The State Bank Company most likely cannot provide Freeda a private loan

Experian Score: 494

Personal Loan for a benefits manager named Freeda in Massillon, Ohio to Pay Off Bank of Hawaii Credit Cards

Freeda had a lot of credit card debt on their University of Kentucky Visa Credit Card and their AOPA WorldPoints Rewards World MasterCard Credit Card, and they were starting to get in over their heads. Despite Freeda’s job as a benefits manager, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

When Freeda was 21, they tried to obtain a student loan from 4 alternate lenders, which harmed their credit score. Below is a list of Freeda’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $29,000.00 on October 21, 2013
  • Attempt 2) Loan for $33,000.00 on April 1, 2013
  • Attempt 3) Loan for $38,000.00 on July 26, 2009
  • Attempt 4) Loan for $22,000.00 on August 3, 2011

Contact Details for The State Bank Company, the provider of this private loan

  • The State Bank Company
  • City: Massillon
  • State: Ohio
  • Address: 118 Lincoln Way East
  • County: Stark
  • Zip code: 44646

Signature Loan easily acquired in Massillon, Ohio for $90000 with bad credit by Freeda

A lot of prospective borrowers have difficulty with finding signature loans in Massillon, Ohio, and Freeda is no different. Freeda went to 7 lending institutions or more prior to settling on The State Bank Company, who offered Freeda a signature loan for $90000. Typical signature loans simply require a client, like Freeda’s signature to obtain them, up to $39,000 in some cases. Freeda was able to get $90000 as a private loan, which is very high for a private loan. Since signature loans don’t need collateral, these loans tend to need improved credit, as high as 783

Freeda’s Overall FICO score at the time of acceptance for a private loan, taking into account their benefits manager job and their future job as an electric motor mechanic

Fico Score: 475

Client Profile: Freeda Yaish of Massillon, Ohio
  • Full name (Changed if requested): Freeda Yaish
  • Current Credit: loans.hit.utils.Fico@37bba400
  • Current City: Massillon
  • State: Ohio
  • Zip code: 44647
  • Yearly income: $68,000
  • Current Job: benefits manager
  • Current County: Stark
  • Goal Yearly Income: $123,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $26,000.00 to $50,000.00. They are mainly used to pay off existing high interest loans like credit cards. Freeda needed a debt consolidation loan to pay for their existing private loan and their loan shark loan. Freeda was able to find a private loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which transfers your bad, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 4.3%.

Installment loan for Freeda, a graduate of Spring Arbor University and a benefits manager working for over $70,000 per year

Freeda, an alumnus at Spring Arbor University and a benefits manager in Massillon, Ohio needs a private loan to purchase a car. Freeda has instead decided to get an installment loan for $8,000 and is currently seeking lenders like 1st Security Bank to provide it.

8 Months in the Past, Freeda Tried Finding a High Risk Loan for $21,000.00, and it was Easy

It is an existing struggle for borrowers to find high risk loans in a safe manner. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Freeda. Freeda decided not to get a high risk loan this time. High Risk loans are given to bad credit clients. Borrowers with credit scores as low as 447 can inquire for a high risk loan and have a chance to be accepted.

Fast Loans for Freeda in Massillon, Ohio to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Massillon, Ohio aren’t actually that difficult to obtain, especially if you have some finesse like Freeda. Freeda was able to find a fast loan for $90000 from Minster Bank and The Apple Creek Banking Company, but declined both offers in favor of their private loan from The State Bank Company. 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 personal loans. Much better in the case that a borrower is on the go.

Freeda was declined by The Home Banking Company 7 times prior to being accepted by The State Bank Company at 118 Lincoln Way East

On February 24, 2012, Freeda inquired about borrowing $43,000 from The Peoples Savings Bank Company with Kaylee, their friend from just outside Massillon, and even with the co-signer, Freeda was rejected for this private loan. With bad credit, it can be difficult to obtain financing, even with collateral and a co-signer.

Many other requests for credit have been made by Freeda in the past, including one from Russell Federal Savings Bank in Massillon, Ohio before Freeda was approved for the $90000 by The State Bank Company

Freeda made 6 prior attempts to obtain a private loan, 2 of which were with Russell Federal Savings Bank, a lender in Massillon, Ohio known to specialize in private loans specifically. Before finding The State Bank Company, Freeda was very concerned due to their inexperience and bad credit rating.

Freeda has a disappointing current total income, but has a high number of prospects

Freeda has always wanted to be an electric motor mechanic, but would need attend Spring Arbor University again to achieve it. Freeda has other prospects as well, including sales representitive, contract administrator, and hospital administrator, which pay $56,000 through to $108,000 per year, at least. Because of this, we believe that Freeda can afford this private loan of $90000.

Previous requests on Freeda’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$123900.00 6 6.6% $2088.65 The Vinton Banking Company January 31, 2012
$123800.00 7 11.3% $2139.34 The Ohio Valley Bank Company December 29, 2012
$124130.00 10 11.8% $1766.58 The Citizens Bank November 7, 2013
$124230.00 5 10.8% $2688.69 The Peoples Bank August 26, 2014
$124260.00 11 5.7% $1269.28 The Freeport State Bank March 28, 2015

Paraphrased and Standardized Quote from Freeda for this private loan of $90000, provided by The State Bank Company

Hi, I am Freeda and I’m from Massillon in Ohio. Stark, county is where I grew up, and now I need a private loan in Ohio for $90000 to renovate my home. It has been difficult, but The State Bank Company really came through for me with this loan for 10.0% interest APR and a term of 22 years. I can probably repay the loan over the 22 year term, including interest. A big thanks to The State Bank Company for trusting me and my bad credit. It look me 9 years to build my credit to 475, and I won’t harm it any future. I am pleased with Find Texas Loans for assisting me this far.

Conclusion of Freeda’s private loan

In the end, Freeda was able to find a private loan for $90000 with an interest rate of 6.1% interest APR from The State Bank Company in Massillon, Ohio repayable over 22 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.

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