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Signature Loan With Reasonable APR In Hamilton County, Tennessee

$4000 Signature Loan – Chattanooga Tennessee, Credit Rating Of 805

  • Experian: 816 – The client had an excellent Experian score
  • Transunion: 788 – Kevin had an excellent credit rating with Transunion.
  • Equifax: Kevin’s Experian score was 805, which is an excellent credit rating with the Experian scale.

Before applying for this signature loan, Kevin had an Experian score of 816, which is excellent, so Cornerstone Community Bank probably cannot provide Kevin a signature loan

Experian Score: 816

Client Profile: Kevin Gatrell of Chattanooga, Tennessee
  • Full name (Changed if requested): Kevin Gatrell
  • Current Credit: loans.hit.utils.Fico@2e5d6d97
  • Current City: Chattanooga
  • State: Tennessee
  • Zip code: 37348
  • Yearly income: $65,000
  • Current Job: baker
  • Current County: Hamilton
  • Goal Yearly Income: $97,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Kevin’s Transunion score was changed by the signature loan loan, changing to 788 from 805, which is typical in our experience.

Transunion Score: 788

Paraphrased and Standardized Quote from Kevin for this signature loan of $4000, provided by Cornerstone Community Bank

Hi, I am Kevin and I’m from Chattanooga in Tennessee. Hamilton, county is where I grew up, and now I need a signature loan in Tennessee for $4000 to buy a big ticket item. It has been difficult, but Cornerstone Community Bank really came through for me with this loan for 7.7% interest APR and a term of 21 years. I will repay the loan over the 21 year term, including interest. A big thanks to Cornerstone Community Bank for trusting me and my excellent credit. It look me 9 years to build my credit to 805, and I won’t tarnish it any more. I am pleased with Find Texas Loans for helping me this far.

Signature Loan found in Chattanooga, Tennessee for $4000 with excellent credit by Kevin

Most clients struggle with finding signature loans in Chattanooga, Tennessee, and Kevin is not an exception. Kevin went to 6 lenders or more before settling on Cornerstone Community Bank, who offered Kevin a signature loan for $4000. Typical signature loans simply require a client, like Kevin’s signature to get them, up to $28,000 in some cases. Kevin was able to get $4000 as a signature loan, which is very high for a signature loan. Because signature loans don’t require a cosigner, these loans tend to require improved credit, as high as 750

Contact Details for Cornerstone Community Bank, the provider of this signature loan

  • Cornerstone Community Bank
  • City: Chattanooga
  • State: Tennessee
  • Address: 5319 Highway 153
  • County: Hamilton
  • Zip code: 37343

Kevin’s Overall FICO score at the time of acceptance for a signature loan, taking into account their baker job and their future job as a switchboard operator

Fico Score: 805

Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans vary from $32,000.00 to $55,000.00. They are mainly used to pay off existing high interest loans like credit cards. Kevin needed a debt consolidation loan to pay for their existing signature loan and their payday loan. Kevin was able to find a signature loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which transfers your dirty, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 4.0%.

Many other requests for credit have been made by Kevin in the past, including one from The Citizens Exchange Bank in Chattanooga, Tennessee before Kevin was accepted for the $4000 by Cornerstone Community Bank

Kevin made 5 previous tries to obtain a signature loan, 2 of which were with The Citizens Exchange Bank, a lending institution in Chattanooga, Tennessee known to specialize in signature loans specifically. Prior to finding Cornerstone Community Bank, Kevin was concerned due to their inexperience and excellent credit score.

Personal Loan for a baker named Kevin in Chattanooga, Tennessee to Pay Off Western Union MoneyWise Visa Prepaid Card

Kevin had a tonne of credit card debt on their Joslin Diabetes Center Visa Platinum Rewards Card and their RBC Visa Platinum Card, and they were starting to get in over their heads. Despite Kevin’s job as a baker, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.

When Kevin was 24, they attempted to obtain a student loan from 6 different lenders, which damaged their credit score. Below is a chronology of Kevin’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $30,000.00 on February 21, 2011
  • Attempt 2) Loan for $32,000.00 on September 16, 2011
  • Attempt 3) Loan for $36,000.00 on June 13, 2013
  • Attempt 4) Loan for $38,000.00 on November 8, 2012
  • Attempt 5) Loan for $22,000.00 on October 10, 2012
  • Attempt 6) Loan for $20,000.00 on February 20, 2014

8 Months in the Past, Kevin Attempted Finding a High Risk Loan for $46,000.00, and it was Hard

There is an existing struggle for clients to get high risk loans in a non-harmful manner. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Kevin. Kevin decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit borrowers. Clients with credit scores as low as 464 can inquire for a high risk loan and have a chance to be approved.

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

Kevin has always wanted to be a switchboard operator, but would have to attend Miller-Motte Technical College – Lynchburg again to achieve it. Kevin has other prospects as well, including environmental research analyst, peace corps worker, and property assessor, which pay $51,000 through to $90,000 per year, at least. For this reason, we think that Kevin can pay for this signature loan of $4000.

Installment loan for Kevin, a graduate of Miller-Motte Technical College – Lynchburg and a baker working for over $74,000 per year

Kevin, an alumnus at Miller-Motte Technical College – Lynchburg and a baker in Chattanooga, Tennessee needs a signature loan to purchase something frivolous. Kevin has instead chosen to get an installment loan for $12,000 and is at present seeking lenders like GreenBank to provide it.

Fast Loans for Kevin in Chattanooga, Tennessee to prevent bankruptcy or harm from debt collectors.

Fast loans in Chattanooga, Tennessee aren’t actually that difficult to obtain, especially if you have some gumption like Kevin. Kevin was able to find a fast loan for $4000 from First Tennessee Bank and SunTrust Bank, Chattanooga, National Association, but declined both offers in favor of their signature loan from Cornerstone Community Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big difference if a client is in a time sensitive situation.

Kevin was not approved by Cleveland Bank and Trust Company 4 times prior to being approved by Cornerstone Community Bank at 5319 Highway 153

On February 17, 2010, Kevin applied about borrowing $12,000 from Peoples Bank & Trust Company with Jeanelle, their in law from just outside Chattanooga, and even with the co-signer, Kevin was rejected for this signature loan. With excellent credit, it can be very hard to procure funding, even with collateral and a co-signer.

Previous requests on Kevin’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$102260.00 3 9.3% $3266.14 Citizens Bank May 9, 2009
$102390.00 4 6.8% $2442.37 SunTrust Bank, Chattanooga, National Association October 17, 2011
$101570.00 4 5.1% $2343.69 GreenBank August 15, 2014
$101710.00 10 9.8% $1332.87 CommunityFIRST Bank September 17, 2014
$101820.00 9 9.5% $1406.07 Bank of Belfast June 5, 2015

Conclusion of Kevin’s signature loan

In the end, Kevin was able to find a signature loan for $4000 with an interest rate of 7.3% interest APR from Cornerstone Community Bank in Chattanooga, Tennessee repayable over 21 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.