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Signature Loan With Very Low APR In Cook County, Illinois

$12000 Signature Loan – Buffalo Grove Illinois, Credit Rating Of 437

  • Experian: 449 – This individual had a bad Experian rating
  • Transunion: 423 – Samira had a bad credit rating with Transunion.
  • Equifax: Samira’s Experian score was 437, which is a bad credit rating using the Experian scale.

Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans range from $37,000.00 to $42,000.00. They are typically used to pay off existing high interest loans like credit cards. Samira required a debt consolidation loan to pay for their existing signature loan and their loan shark loan. Samira was able to find a signature loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your less desirable, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 2.1%.

When Samira was 20, they attempted to obtain a student loan from 7 alternate banks, which harmed their credit score. Below is a chronology of Samira’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $35,000.00 on December 26, 2011
  • Attempt 2) Loan for $29,000.00 on March 15, 2010
  • Attempt 3) Loan for $25,000.00 on May 14, 2011
  • Attempt 4) Loan for $26,000.00 on August 2, 2010
  • Attempt 5) Loan for $34,000.00 on September 4, 2012
  • Attempt 6) Loan for $21,000.00 on August 3, 2009
  • Attempt 7) Loan for $26,000.00 on November 13, 2011
Client Profile: Samira Hsiang of Buffalo Grove, Illinois
  • Full name (Changed if requested): Samira Hsiang
  • Current Credit: loans.hit.utils.Fico@533ddba
  • Current City: Buffalo Grove
  • State: Illinois
  • Zip code: 60098
  • Yearly income: $47,000
  • Current Job: horticulture therapist
  • Current County: Cook
  • Goal Yearly Income: $118,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Before applying for this signature loan, Samira had an Experian score of 449, which is bad, so 1st Equity Bank Northwest likely cannot provide Samira a signature loan

Experian Score: 449

Samira has a disappointing current yearly income, but has several of prospects

Samira has always wanted to be a traffic administrator, but would need attend California State University – Bakersfield again to become one. Samira has other prospects as well, including platemakers, anti-terrorism intelligence agent, and eeg technician/technologist, which pay $54,000 through to $93,000 per year, at least. Because of this, we believe that Samira can pay for this signature loan of $12000.

7 Months in the Past, Samira Tried to Find a High Risk Loan for $26,000.00, and it was Hard

It is an ongoing struggle for borrowers to get high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Samira. Samira decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit clients. Borrowers with credit scores as low as 509 can apply for a high risk loan and have a chance to be accepted.

Paraphrased and Standardized Quote from Samira for this signature loan of $12000, provided by 1st Equity Bank Northwest

Hello, I am Samira and I’m from Buffalo Grove in Illinois. Cook, county is where I grew up, and now I need a signature loan in Illinois for $12000 to renovate my home. It has been difficult, but 1st Equity Bank Northwest really came through for me with this loan for 7.5% interest APR and a term of 10 years. I can probably repay the loan over the 10 year term, including interest. A big thanks to 1st Equity Bank Northwest for giving me a chance and my bad credit. It look me 9 years to create my credit to 437, and I won’t harm it any more. I’m happy with Find Texas Loans for helping me this far.

Previous requests on Samira’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$81680.00 4 11.7% $2138.94 The Gerber State Bank December 18, 2009
$82420.00 4 8.3% $2023.74 The Belvidere National Bank and Trust Company November 5, 2012
$82480.00 3 10.4% $2676.91 Commerce Bank October 6, 2014
$82490.00 6 7.5% $1426.26 Byron Bank February 26, 2015
$82150.00 10 9.7% $1072.02 Amalgamated Bank of Chicago March 12, 2015

Samira was rejected by NBD Bank Evanston, National Association 6 times prior to being granted funding by 1st Equity Bank Northwest at 1330 Dundee Road

On January 16, 2010, Samira inquired about borrowing $20,000 from Uptown National Bank of Chicago with Tonie, their in law from just outside Buffalo Grove, and even with the co-signer, Samira was rejected for this signature loan. With bad credit, it can be challenging to obtain financing, even with collateral and a co-signer.

Contact Details for 1st Equity Bank Northwest, the provider of this signature loan

  • 1st Equity Bank Northwest
  • City: Buffalo Grove
  • State: Illinois
  • Address: 1330 Dundee Road
  • County: Cook
  • Zip code: 60089

Signature Loan acquired in Buffalo Grove, Illinois for $12000 with bad credit by Samira

A lot of prospective borrowers struggle with finding signature loans in Buffalo Grove, Illinois, and Samira is the same. Samira went to 6 lenders or more before finding 1st Equity Bank Northwest, who offered Samira a signature loan for $12000. Most signature loans simply require a client, like Samira’s signature to obtain them, up to $30,000 in some cases. Samira was able to get $12000 as a signature loan, which is very high for a signature loan. Since signature loans don’t require collateral, these loans tend to require higher credit, as high as 709

Installment loan for Samira, a graduate of California State University – Bakersfield and a horticulture therapist working for over $73,000 per year

Samira, an alumnus at California State University – Bakersfield and a horticulture therapist in Buffalo Grove, Illinois needs a signature loan to purchase something frivolous. Samira has instead chosen to obtain an installment loan for $19,000 and is currently seeking lenders like Metropolitan Bank and Trust Company to process their request.

Samira’s Transunion score was altered by the signature loan loan, changing to 423 from 437, which is typical in our experience.

Transunion Score: 423

Fast Loans for Samira in Buffalo Grove, Illinois to prevent bankruptcy or harm from debt collectors.

Fast loans in Buffalo Grove, Illinois aren’t actually that difficult to obtain, particularly if you have some gumption like Samira. Samira was able to find a fast loan for $12000 from Amalgamated Bank of Chicago and Mercantile National Bank of Chicago, but declined both offers in favor of their signature loan from 1st Equity Bank Northwest. The improvement with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. Much better if you are on the go.

Personal Loan for a horticulture therapist named Samira in Buffalo Grove, Illinois to Pay Off FirstMerit Bank MasterCard

Samira had a lot of credit card debt on their Bishop Ahr High School Visa Platinum Rewards Card and their The Citadel Alumni Association Select Rewards Visa Platinum Card, and they were starting to get in over their heads. Despite Samira’s job as a horticulture therapist, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Many past requests for credit have been made by Samira in the past, including one from First City Bank – West, N.A. in Buffalo Grove, Illinois before Samira was accepted for the $12000 by 1st Equity Bank Northwest

Samira made 4 previous tries to obtain a signature loan, 2 of which were with First City Bank – West, N.A., a bank in Buffalo Grove, Illinois known to specialize in signature loans specifically. Before finding 1st Equity Bank Northwest, Samira was concerned due to their inexperience and bad credit rating.

Samira’s Overall FICO score at the time of acceptance for a signature loan, taking into account their horticulture therapist job and their future career as a traffic administrator

Fico Score: 437

Conclusion of Samira’s signature loan

In the end, Samira was able to find a signature loan for $12000 with an interest rate of 11.3% interest APR from 1st Equity Bank Northwest in Buffalo Grove, Illinois repayable over 10 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.