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Secured Loan With Very Low APR In Clark County, Arkansas

$15000 Secured Loan – Arkadelphia Arkansas, Credit Rating Of 574

  • Experian: 585 – This client had a fair Experian rating
  • Transunion: 555 – Kendal had a fair credit rating with Transunion.
  • Equifax: Kendal’s Experian score was 574, which is a fair credit rating on the Experian system.

Paraphrased and Standardized Quote from Kendal for this secured loan of $15000, provided by First Community Federal Savings and Loan Association

Hi, I am Kendal and my hometown is Arkadelphia in Arkansas. Clark, county is where I grew up, and now I need a secured loan in Arkansas for $15000 to pay bills. It has been difficult, but First Community Federal Savings and Loan Association really came through for me with this loan for 7.8% interest APR and a term of 11 years. I can probably repay the loan over the 11 year term, including interest. A big thanks to First Community Federal Savings and Loan Association for giving me a chance and my fair credit. It look me 9 years to create my credit to 574, and I won’t harm it any more. I am happy with Find Texas Loans for assisting me this far.

Several past requests for credit have been made by Kendal in the past, including one from First Bank and Trust in Arkadelphia, Arkansas before Kendal was accepted for the $15000 by First Community Federal Savings and Loan Association

Kendal made 8 previous tries to obtain a secured loan, 2 of which were with First Bank and Trust, a lending institution in Arkadelphia, Arkansas known to specialize in secured loans specifically. Before finding First Community Federal Savings and Loan Association, Kendal was desperate due to their inexperience and fair credit rating.

Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans vary from $29,000.00 to $42,000.00. They are typically used to pay off existing high interest loans like credit cards. Kendal required a debt consolidation loan to pay for their existing secured loan and their payday loan. Kendal was able to find a secured loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which changes your less desirable, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 4.5%.

Personal Loan for a parking lot attendant named Kendal in Arkadelphia, Arkansas to Pay Off Berkshire Municipal Bank Visa Signature Bonus Rewards PLUS Card

Kendal had a lot of credit card debt on their Banana Republic Credit Card and their Toys ‘R Us Credit Card, and they were starting to get in over their heads. Despite Kendal’s job as a parking lot attendant, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Client Profile: Kendal Basso of Arkadelphia, Arkansas
  • Full name (Changed if requested): Kendal Basso
  • Current Credit: loans.hit.utils.Fico@7e6cbb7a
  • Current City: Arkadelphia
  • State: Arkansas
  • Zip code: 71928
  • Yearly income: $35,000
  • Current Job: parking lot attendant
  • Current County: Clark
  • Goal Yearly Income: $118,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Installment loan for Kendal, a graduate of University of California – San Francisco and a parking lot attendant working for over $67,000 per year

Kendal, an alumnus at University of California – San Francisco and a parking lot attendant in Arkadelphia, Arkansas needs a secured loan to purchase a house. Kendal has instead decided to get an installment loan for $28,000 and is at present seeking lenders like Riverside Bank to provide it.

9 Months in the Past, Kendal Tried to Find a High Risk Loan for $26,000.00, and it was Easy

It is an ongoing 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 Kendal. Kendal chose not to get a high risk loan this time. High Risk loans are given to terrible credit applicants. Borrowers with credit scores as low as 431 can inquire for a high risk loan and may be be approved.

Previous requests on Kendal’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$37900.00 6 6.6% $638.9 Bank of Weiner September 19, 2012
$38440.00 5 11.7% $849.26 Horizon Bank October 24, 2012
$37740.00 7 6.7% $564.08 Warren Bank and Trust Company March 4, 2013
$37870.00 4 6.7% $901.58 Boatmen’s Bank of Northeast Arkansas January 20, 2014
$37870.00 10 8.7% $473.59 The Security Bank November 14, 2014

Fast Loans for Kendal in Arkadelphia, Arkansas to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Arkadelphia, Arkansas aren’t actually that difficult to obtain, especially if you have some gumption like Kendal. Kendal was able to find a fast loan for $15000 from Allied Bank and Madison Bank and Trust, but turned down both offers in favor of their secured loan from First Community Federal Savings and Loan Association. The difference with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big improvement if you are on the go.

Kendal’s Transunion score was changed by the secured loan loan, changing to 555 from 574, which is typical in our experience.

Transunion Score: 555

Before applying for this secured loan, Kendal had an Experian score of 585, which is fair, so First Community Federal Savings and Loan Association likely cannot provide Kendal a secured loan

Experian Score: 585

Kendal has a sad current gross income, but has several of prospects

Kendal has always wanted to be a park naturalist, but would need attend University of California – San Francisco again to become one. Kendal has other possibilities as well, including scientific photographer, computer controlled machine tool operator, and fire protection engineering technician, which pay $59,000 through to $91,000 per year, at least. For this reason, we think that Kendal can pay for this secured loan of $15000.

When Kendal was 20, they tried to obtain a student loan from 5 alternate banks, which damaged their credit score. Below is a list of Kendal’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $38,000.00 on October 1, 2010
  • Attempt 2) Loan for $28,000.00 on September 8, 2012
  • Attempt 3) Loan for $25,000.00 on November 16, 2009
  • Attempt 4) Loan for $25,000.00 on October 7, 2010
  • Attempt 5) Loan for $33,000.00 on September 28, 2011

Kendal’s Overall FICO score at the time of acceptance for a secured loan, taking into account their parking lot attendant job and their future career as a park naturalist

Fico Score: 574

Kendal was not approved by Delta Trust & Bank 4 times prior to being granted funding by First Community Federal Savings and Loan Association at 702 Caddo St

On October 11, 2011, Kendal applied about borrowing $23,000 from Riverside Bank with Margurite, their friend from just outside Arkadelphia, and even with the co-signer, Kendal was rejected for this secured loan. With fair credit, it can be very hard to procure financing, even with collateral and a co-signer.

Contact Details for First Community Federal Savings and Loan Association, the provider of this secured loan

  • First Community Federal Savings and Loan Association
  • City: Arkadelphia
  • State: Arkansas
  • Address: 702 Caddo St
  • County: Clark
  • Zip code: 71923

Signature Loan found in Arkadelphia, Arkansas for $15000 with fair credit by Kendal

A lot of clients have difficulty with obtaining signature loans in Arkadelphia, Arkansas, and Kendal is no exception. Kendal went to 6 lending institutions or more before finding First Community Federal Savings and Loan Association, who offered Kendal a signature loan for $15000. Most signature loans simply need a client, like Kendal’s signature to get them, up to $36,000 in some cases. Kendal was able to get $15000 as a secured loan, which is very high for a secured loan. Since signature loans do not need a cosigner, these loans generally require higher credit, as high as 786

Conclusion of Kendal’s secured loan

In the end, Kendal was able to find a secured loan for $15000 with an interest rate of 10.8% interest APR from First Community Federal Savings and Loan Association in Arkadelphia, Arkansas repayable over 11 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.