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Quick Loan Of $15000 For Terrible Credit Missouri Resident

$15000 Quick Loan – Carthage Missouri, Credit Rating Of 355

  • Experian: 369 – They had a terrible Experian score
  • Transunion: 343 – Trang had a terrible credit score with Transunion.
  • Equifax: Trang’s Experian score was 355, which is a terrible credit score using the Experian rating scheme.

Paraphrased and Standardized Quote from Trang for this quick loan of $15000, provided by UMB Bank Southwest

Hello, I am Trang and I am from Carthage in Missouri. Jasper, county is where I grew up, and now I need a quick loan in Missouri for $15000 to avoid bankruptcy. It has been difficult, but UMB Bank Southwest really came through for me with this loan for 6.7% interest APR and a term of 13 years. I can probably repay the loan over the 13 year term, including interest. A big thanks to UMB Bank Southwest for giving me a chance and my terrible credit. It look me 8 years to build my credit to 355, and I won’t tarnish it any future. I’m happy with Find Texas Loans for assisting me this far.

Personal Loan for an automotive engineer named Trang in Carthage, Missouri to Pay Off RBC Rewards Visa Gold

Trang had a lot of credit card debt on their Christian Community Credit Union Platinum Rewards MasterCard and their Coppermark Bank Credit Cards, and they were starting to get in over their heads. Despite Trang’s job as an automotive engineer, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Contact Details for UMB Bank Southwest, the provider of this quick loan

  • UMB Bank Southwest
  • City: Carthage
  • State: Missouri
  • Address: 300 Grant Street
  • County: Jasper
  • Zip code: 64836

Trang’s Transunion score was changed by the quick loan loan, changing to 343 from 355, which is typical in our experience.

Transunion Score: 343

When Trang was 18, they attempted to obtain a student loan from 6 different lenders, which harmed their credit rating. Below is a chronology of Trang’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $23,000.00 on October 7, 2013
  • Attempt 2) Loan for $34,000.00 on October 22, 2009
  • Attempt 3) Loan for $37,000.00 on April 3, 2010
  • Attempt 4) Loan for $36,000.00 on August 15, 2010
  • Attempt 5) Loan for $25,000.00 on May 12, 2014
  • Attempt 6) Loan for $36,000.00 on April 12, 2011

Trang’s Overall FICO score at the time of acceptance for a quick loan, taking into account their automotive engineer job and their future job as a cabinet maker

Fico Score: 355

7 Months Ago, Trang Attempted Finding a High Risk Loan for $33,000.00, and it was Hard

It is an ongoing struggle for clients 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 Trang. Trang chose not to get a high risk loan this time. High Risk loans are generally given by lenders to terrible credit borrowers. Clients with credit scores as low as 423 can inquire for a high risk loan and possibly can be approved.

Trang was rejected by Glasgow Savings Bank 7 times before being granted funding by UMB Bank Southwest at 300 Grant Street

On March 17, 2011, Trang applied about borrowing $24,000 from Mercantile Bank National Association with Stefan, their friend from just outside Carthage, and even with the co-signer, Trang was rejected for this quick loan. With terrible credit, it can be challenging to procure financing, even with collateral and a co-signer.

Multiple previous requests for credit have been made by Trang in the past, including one from Bank of Holland in Carthage, Missouri before Trang was accepted for the $15000 by UMB Bank Southwest

Trang made 9 previous attempts to obtain a quick loan, 2 of which were with Bank of Holland, a lending institution in Carthage, Missouri known to specialize in quick loans specifically. Prior to finding UMB Bank Southwest, Trang was very concerned due to their inexperience and terrible credit rating.

Signature Loan easily acquired in Carthage, Missouri for $15000 with terrible credit by Trang

A lot of clients have difficulty with obtaining signature loans in Carthage, Missouri, and Trang is not an exception. Trang went to 6 lenders or more before finding UMB Bank Southwest, who offered Trang a signature loan for $15000. Typical signature loans simply need a client, like Trang’s signature to get them, up to $27,000 in some cases. Trang was able to get $15000 as a quick loan, which is very high for a quick loan. Since signature loans do not need a cosigner, they tend to need better credit, as high as 783

Installment loan for Trang, a graduate of Oklahoma Wesleyan University and an automotive engineer working for over $69,000 per year

Trang, an alumnus at Oklahoma Wesleyan University and an automotive engineer in Carthage, Missouri needs a quick loan to purchase something frivolous. Trang has instead chosen to obtain an installment loan for $26,000 and is at present seeking lenders like Midwest BankCentre to provide it.

Trang has a low current total income, but has a large amount of prospects

Trang has always wanted to be a cabinet maker, but would need attend Oklahoma Wesleyan University again to achieve it. Trang has other prospects as well, including veterinarian, platemakers, and land surveyor, which pay $56,000 through to $100,000 per year, at least. Because of this, we believe that Trang can afford this quick loan of $15000.

Client Profile: Trang Maisonet of Carthage, Missouri
  • Full name (Changed if requested): Trang Maisonet
  • Current Credit: loans.hit.utils.Fico@c4437c4
  • Current City: Carthage
  • State: Missouri
  • Zip code: 64843
  • Yearly income: $61,000
  • Current Job: automotive engineer
  • Current County: Jasper
  • Goal Yearly Income: $104,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Fast Loans for Trang in Carthage, Missouri to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Carthage, Missouri aren’t actually that difficult to obtain, especially if you have some finesse like Trang. Trang was able to find a fast loan for $15000 from Commerce Bank of Tower Grove and Central Bank, but declined both offers in favor of their quick loan from UMB Bank Southwest. 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 6 weeks for installment loans. Much better in the case that you are in a time sensitive situation.

Previous requests on Trang’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$66240.00 6 5.6% $1085.32 Camden County Bank September 5, 2011
$66390.00 4 5.7% $1550.06 Glasgow Savings Bank April 6, 2012
$66470.00 4 10.1% $1689.04 Central Bank July 25, 2013
$65750.00 7 9.4% $1071.25 Midwest BankCentre December 16, 2014

Before applying for this quick loan, Trang had an Experian score of 369, which is terrible, so UMB Bank Southwest likely can provide Trang a quick loan

Experian Score: 369

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

Most debt consolidation loans range from $20,000.00 to $56,000.00. They are normally used to pay off existing high interest loans like credit cards. Trang required a debt consolidation loan to pay for their existing quick loan and their payday loan. Trang was able to find a quick loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your bad, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 3.1%.

Conclusion of Trang’s quick loan

In the end, Trang was able to find a quick loan for $15000 with an interest rate of 10.2% interest APR from UMB Bank Southwest in Carthage, Missouri repayable over 13 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.