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Secured Loan For $40000 Near 67152, Kansas With A Credit Score Of 500

$40000 Secured Loan – Wellington Kansas, Credit Score Of 500

  • Experian: 515 – The client had a fair Experian rating
  • Transunion: 488 – Brittani had a fair credit rating with Transunion.
  • Equifax: Brittani’s Experian score was 500, which is a fair credit score with the Experian rating scheme.
Client Profile: Brittani Hillebrandt of Wellington, Kansas
  • Full name (Changed if requested): Brittani Hillebrandt
  • Current Credit: loans.hit.utils.Fico@6f539caf
  • Current City: Wellington
  • State: Kansas
  • Zip code: 67156
  • Yearly income: $34,000
  • Current Job: clinical sociologist
  • Current County: Sumner
  • Goal Yearly Income: $123,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Brittani was not approved by Farmers and Merchants Bank 7 times prior to being approved by Bank of Commerce and Trust Company at 201 West Harvey Avenue

On August 30, 2011, Brittani inquired about borrowing $1,000 from The Kansas State Bank Overbrook Kansas with Teri, their in law from just outside Wellington, and even with the co-signer, Brittani was rejected for this secured loan. With fair credit, it can be difficult to procure funding, even with collateral and a co-signer.

Paraphrased and Standardized Quote from Brittani for this secured loan of $40000, provided by Bank of Commerce and Trust Company

Hello, I am Brittani and I’m from Wellington in Kansas. Sumner, county is where I grew up, and now I need a secured loan in Kansas for $40000 to renovate my home. It wasn’t easy, but Bank of Commerce and Trust Company really came through for me with this loan for 9.6% interest APR and a term of 16 years. I can repay the loan over the 16 year term, including interest. A big thanks to Bank of Commerce and Trust Company for trusting me and my fair credit. It look me 7 years to create my credit to 500, and I won’t harm it any more. I’m happy with Find Texas Loans for helping me this far.

Before applying for this secured loan, Brittani had an Experian score of 515, which is fair, so Bank of Commerce and Trust Company most likely cannot provide Brittani a secured loan

Experian Score: 515

Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Most debt consolidation loans range from $37,000.00 to $46,000.00. They are normally used to pay off existing high interest loans like credit cards. Brittani needed a debt consolidation loan to pay for their existing secured loan and their loan shark loan. Brittani was able to find a secured loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which converts your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.0%.

Installment loan for Brittani, a graduate of Lone Star College System and a clinical sociologist working for over $61,000 per year

Brittani, an alumnus at Lone Star College System and a clinical sociologist in Wellington, Kansas wants a secured loan to purchase a car. Brittani has instead chosen to obtain an installment loan for $23,000 and is currently seeking lenders like The Bank of Tescott to process their request.

Signature Loan acquired in Wellington, Kansas for $40000 with fair credit by Brittani

A lot of borrowers struggle with obtaining signature loans in Wellington, Kansas, and Brittani is no exception. Brittani went to 6 lenders or more before settling on Bank of Commerce and Trust Company, who offered Brittani a signature loan for $40000. Most signature loans simply require a client, like Brittani’s signature to get them, up to $24,000 in some cases. Brittani was able to get $40000 as a secured loan, which is very high for a secured loan. Since signature loans don’t require a cosigner, they generally need better credit, as high as 739

Personal Loan for a clinical sociologist named Brittani in Wellington, Kansas to Pay Off First Command Bank Classic Visa

Brittani had a tonne of credit card debt on their Levin Furniture Credit Card and their , and they were starting to get in over their heads. Despite Brittani’s job as a clinical sociologist, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Brittani has a very low current gross income, but has a high number of prospects

Brittani has always wanted to be a computer security specialist, but would need attend Lone Star College System again to become one. Brittani has other prospects as well, including graduate teaching assistant, sport’s/entertainment agent, and power-line installer and mechanic, which pay $57,000 through to $108,000 per year, on average. Because of this, we think that Brittani can pay for this secured loan of $40000.

When Brittani was 24, they attempted to obtain a student loan from 7 different banks, which damaged their credit score. Below is a chronology of Brittani’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $25,000.00 on December 23, 2010
  • Attempt 2) Loan for $39,000.00 on December 16, 2009
  • Attempt 3) Loan for $32,000.00 on December 28, 2012
  • Attempt 4) Loan for $28,000.00 on February 15, 2012
  • Attempt 5) Loan for $39,000.00 on December 8, 2011
  • Attempt 6) Loan for $32,000.00 on November 6, 2011
  • Attempt 7) Loan for $25,000.00 on November 5, 2013

Several past requests for credit have been made by Brittani in the past, including one from Consumers Savings Bank in Wellington, Kansas before Brittani was accepted for the $40000 by Bank of Commerce and Trust Company

Brittani made 8 previous tries to obtain a secured loan, 2 of which were with Consumers Savings Bank, a lending institution in Wellington, Kansas known to specialize in secured loans specifically. Prior to finding Bank of Commerce and Trust Company, Brittani was very concerned due to their inexperience and fair credit score.

Brittani’s Transunion score was altered by the secured loan loan, changing to 488 from 500, which is typical in our experience.

Transunion Score: 488

Brittani’s Overall FICO score at the time of acceptance for a secured loan, taking into account their clinical sociologist job and their future career as a computer security specialist

Fico Score: 500

6 Months Ago, Brittani Attempted Finding a High Risk Loan for $30,000.00, but They Didn’t Find What They were Expecting

There is an well known struggle for clients 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 Brittani. Brittani decided not to obtain a high risk loan this time. High Risk loans are given to terrible credit borrowers. Clients with credit ratings as low as 531 can apply for a high risk loan and possibly can be accepted.

Previous requests on Brittani’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$76770.00 7 6.3% $1132.57 Citizens Bank and Trust Company June 25, 2011
$77490.00 9 5.1% $896.22 The Morrill and Janes Bank and Trust Company May 5, 2013
$77250.00 6 11.2% $1478.31 The Citizens State Bank, Liberal, Kansas January 1, 2014
$77450.00 3 8.2% $2434.15 Citizens State Bank April 21, 2014

Contact Details for Bank of Commerce and Trust Company, the provider of this secured loan

  • Bank of Commerce and Trust Company
  • City: Wellington
  • State: Kansas
  • Address: 201 West Harvey Avenue
  • County: Sumner
  • Zip code: 67152

Fast Loans for Brittani in Wellington, Kansas to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Wellington, Kansas aren’t actually that difficult to obtain, especially if you have some finesse like Brittani. Brittani was able to find a fast loan for $40000 from Pinnacle Bank, National Association and Citizens State Bank, but declined both offers in favor of their secured loan from Bank of Commerce and Trust Company. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. An improvement if you are on the go.

Conclusion of Brittani’s secured loan

In the end, Brittani was able to find a secured loan for $40000 with an interest rate of 9.1% interest APR from Bank of Commerce and Trust Company in Wellington, Kansas repayable over 16 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.