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Quick Loan Of $82000 For Fair Credit Alabama Resident

$82000 Quick Loan – Mobile Alabama, Credit Score Of 563

  • Experian: 575 – The client had a fair Experian score
  • Transunion: 547 – Shannon had a fair credit rating with Transunion.
  • Equifax: Shannon’s Experian score was 563, which is a fair credit score on the Experian rating scheme.

When Shannon was 23, they tried to obtain a student loan from 5 different banks, which damaged their credit rating. Below is a list of Shannon’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $24,000.00 on July 14, 2013
  • Attempt 2) Loan for $39,000.00 on March 16, 2013
  • Attempt 3) Loan for $29,000.00 on October 28, 2010
  • Attempt 4) Loan for $26,000.00 on July 1, 2012
  • Attempt 5) Loan for $36,000.00 on June 15, 2009
Client Profile: Shannon Mcelreavy of Mobile, Alabama
  • Full name (Changed if requested): Shannon Mcelreavy
  • Current Credit: loans.hit.utils.Fico@6e2c634b
  • Current City: Mobile
  • State: Alabama
  • Zip code: 36604
  • Yearly income: $57,000
  • Current Job: industrial therapist
  • Current County: Mobile
  • Goal Yearly Income: $137,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Fast Loans for Shannon in Mobile, Alabama to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Mobile, Alabama aren’t actually that difficult to obtain, especially if you have some finesse like Shannon. Shannon was able to find a fast loan for $82000 from Central Bank of St. Clair County and United Bank, but turned down both offers in favor of their quick loan from Hancock Bank of Alabama. 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 7 weeks for debt consolidation loans. An improvement in the case that you are in a pinch.

Several other requests for credit have been made by Shannon in the past, including one from Bank One, National Association in Mobile, Alabama before Shannon was approved for the $82000 by Hancock Bank of Alabama

Shannon made 8 previous attempts to obtain a quick loan, 2 of which were with Bank One, National Association, a lender in Mobile, Alabama known to specialize in quick loans specifically. Prior to finding Hancock Bank of Alabama, Shannon was concerned due to their inexperience and fair credit score.

Shannon’s Overall FICO score at the time of acceptance for a quick loan, taking into account their industrial therapist job and their future career as a library assistant

Fico Score: 563

Shannon’s Transunion score was altered by the quick loan loan, changing to 547 from 563, which is typical in our experience.

Transunion Score: 547

Before applying for this quick loan, Shannon had an Experian score of 575, which is fair, so Hancock Bank of Alabama most likely cannot provide Shannon a quick loan

Experian Score: 575

Installment loan for Shannon, a graduate of Suffolk University and an industrial therapist working for over $71,000 per year

Shannon, an alumnus at Suffolk University and an industrial therapist in Mobile, Alabama needs a quick loan to purchase a new cell phone. Shannon has instead decided to get an installment loan for $15,000 and is at present seeking lenders like First Alabama Bank of Chilton County to provide it.

7 Months Ago, Shannon Tried to Find a High Risk Loan for $24,000.00, and it was Easy

It is an well known 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 scary to borrowers like Shannon. Shannon decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit borrowers. Borrowers with credit scores as low as 445 can inquire for a high risk loan and possibly can be approved.

Signature Loan easily acquired in Mobile, Alabama for $82000 with fair credit by Shannon

Many borrowers have difficulty with finding signature loans in Mobile, Alabama, and Shannon is the same. Shannon went to 8 lending institutions or more before finding Hancock Bank of Alabama, who offered Shannon a signature loan for $82000. Typical signature loans simply need a client, like Shannon’s signature to obtain them, up to $45,000 in some cases. Shannon was able to get $82000 as a quick loan, which is very high for a quick loan. Since signature loans don’t need a cosigner, these loans tend to require better credit, as high as 764

Contact Details for Hancock Bank of Alabama, the provider of this quick loan

  • Hancock Bank of Alabama
  • City: Mobile
  • State: Alabama
  • Address: 127 Dauphin Street
  • County: Mobile
  • Zip code: 36602

Personal Loan for an industrial therapist named Shannon in Mobile, Alabama to Pay Off H-E-B MasterCard

Shannon had a lot of credit card debt on their RBC Bank Visa Platinum Credit Card and their SEFCU MasterCard, and they were starting to get in over their heads. Despite Shannon’s job as an industrial therapist, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Shannon for this quick loan of $82000, provided by Hancock Bank of Alabama

Hello, I am Shannon and my hometown is Mobile in Alabama. Mobile, county is where I grew up, and now I need a quick loan in Alabama for $82000 to pay bills. It wasn’t easy, but Hancock Bank of Alabama really came through for me with this loan for 11.8% interest APR and a term of 19 years. I will repay the loan over the 19 year term, including interest. A big thanks to Hancock Bank of Alabama for giving me a chance and my fair credit. It look me 6 years to create my credit to 563, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Previous requests on Shannon’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$144350.00 6 9.5% $2637.95 AuburnBank September 6, 2010
$143570.00 11 11.4% $1913.07 Bank of the South October 2, 2014
$144140.00 10 11.4% $2018.31 Alabama City Bank of Gadsden, Alabama July 2, 2015
$143900.00 3 7.5% $4476.18 The Exchange Bank, Attalla, Alabama August 25, 2015
$143690.00 10 7.7% $1720.66 Robertson Banking Company September 21, 2015

Shannon has a disappointing current yearly income, but has a high number of prospects

Shannon has always wanted to be a library assistant, but would have to attend Suffolk University again to become one. Shannon has other possibilities as well, including outdoor education teacher, communication equipment mechanic, and disk jockey, which pay $51,000 through to $94,000 per year, on average. Because of this, we think that Shannon can afford this quick loan of $82000.

Shannon was declined by East Gadsden Bank 4 times prior to being approved by Hancock Bank of Alabama at 127 Dauphin Street

On March 3, 2009, Shannon inquired about borrowing $6,000 from Phenix-Girard Bank with Sal, their friend from just outside Mobile, and even with the co-signer, Shannon was rejected for this quick loan. With fair credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Debt Consolidation Can Help Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans range from $31,000.00 to $47,000.00. They are typically used to pay off existing high interest loans like credit cards. Shannon required a debt consolidation loan to pay for their existing quick loan and their loan shark loan. Shannon was able to find a quick loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 2.5%.

Conclusion of Shannon’s quick loan

In the end, Shannon was able to find a quick loan for $82000 with an interest rate of 9.5% interest APR from Hancock Bank of Alabama in Mobile, Alabama repayable over 19 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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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.