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Signature Loan With Very Low APR In Wells County, Indiana

$54000 Signature Loan – Bluffton Indiana, Credit Score Of 412

  • Experian: 431 – They had a bad Experian rating
  • Transunion: 397 – Michiko had a bad credit rating with Transunion.
  • Equifax: Michiko’s Experian score was 412, which is a bad credit score on the Experian rating scheme.

Contact Details for Old-First National Bank in Bluffton, Bluffton, Indiana, the provider of this signature loan

  • Old-First National Bank in Bluffton, Bluffton, Indiana
  • City: Bluffton
  • State: Indiana
  • Address: 304 West Market Street
  • County: Wells
  • Zip code: 46714

Michiko has a sad current total income, but has a large amount of prospects

Michiko has always wanted to be a fashion designer, but would need attend Odessa College again to achieve it. Michiko has other prospects as well, including computer software technician, industrial relations specialist, and architecture professor, which pay $57,000 through to $104,000 per year, at least. Because of this, we think that Michiko can pay for this signature loan of $54000.

Signature Loan acquired in Bluffton, Indiana for $54000 with bad credit by Michiko

A lot of clients struggle with obtaining signature loans in Bluffton, Indiana, and Michiko is the same. Michiko went to 7 lending institutions or more before finding Old-First National Bank in Bluffton, Bluffton, Indiana, who offered Michiko a signature loan for $54000. Most signature loans simply require a client, like Michiko’s signature to get them, up to $44,000 in some cases. Michiko was able to get $54000 as a signature loan, which is very high for a signature loan. Since signature loans don’t need a cosigner, these loans tend to require improved credit, as high as 740

Client Profile: Michiko Bonifer of Bluffton, Indiana
  • Full name (Changed if requested): Michiko Bonifer
  • Current Credit: loans.hit.utils.Fico@7106e68e
  • Current City: Bluffton
  • State: Indiana
  • Zip code: 46715
  • Yearly income: $31,000
  • Current Job: fire protection engineering technician
  • Current County: Wells
  • Goal Yearly Income: $94,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Personal Loan for a fire protection engineering technician named Michiko in Bluffton, Indiana to Pay Off Commerce Bank Special Connections MasterCard with Rewards

Michiko had a lot of credit card debt on their Riverview Community Bank Visa Platinum Card and their Nationwide Bank Visa Credit Card, and they were starting to get in over their heads. Despite Michiko’s job as a fire protection engineering technician, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.

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

Normal debt consolidation loans range from $26,000.00 to $58,000.00. They are normally used to pay off existing high interest loans like credit cards. Michiko needed a debt consolidation loan to pay for their existing signature loan and their loan shark loan. Michiko was able to find a signature loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which transfers your dirty, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.0%.

Paraphrased and Standardized Quote from Michiko for this signature loan of $54000, provided by Old-First National Bank in Bluffton, Bluffton, Indiana

Hi, I am Michiko and I am from Bluffton in Indiana. Wells, county is where I grew up, and now I need a signature loan in Indiana for $54000 to buy a big ticket item. It has been difficult, but Old-First National Bank in Bluffton, Bluffton, Indiana really came through for me with this loan for 7.4% interest APR and a term of 23 years. I can probably repay the loan over the 23 year term, including interest. A big thanks to Old-First National Bank in Bluffton, Bluffton, Indiana for giving me a chance and my bad credit. It look me 7 years to build my credit to 412, and I won’t tarnish it any more. I’m happy with Find Texas Loans for helping me this far.

Fast Loans for Michiko in Bluffton, Indiana to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Bluffton, Indiana aren’t actually that difficult to obtain, especially if you have some gumption like Michiko. Michiko was able to find a fast loan for $54000 from Farmers State Bank and Fayette Bank and Trust Company, but turned down both offers in favor of their signature loan from Old-First National Bank in Bluffton, Bluffton, Indiana. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. An improvement in the case that a borrower is on the go.

Several previous requests for credit have been made by Michiko in the past, including one from New Bank of Culpeper in Bluffton, Indiana before Michiko was accepted for the $54000 by Old-First National Bank in Bluffton, Bluffton, Indiana

Michiko made 7 prior attempts to obtain a signature loan, 2 of which were with New Bank of Culpeper, a bank in Bluffton, Indiana known to specialize in signature loans specifically. Before finding Old-First National Bank in Bluffton, Bluffton, Indiana, Michiko was desperate due to their inexperience and bad credit score.

9 Months in the Past, Michiko Attempted Finding a High Risk Loan for $25,000.00, and it was Easy

It is an well known struggle for borrowers to get high risk loans in a safe manner. Many high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Michiko. Michiko chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit clients. Individuals with credit ratings as low as 355 can apply for a high risk loan and have a chance to be approved.

Michiko’s Transunion score was changed by the signature loan loan, changing to 397 from 412, which is typical in our experience.

Transunion Score: 397

Previous requests on Michiko’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$116880.00 4 9.3% $2925.24 The Citizens Exchange Bank May 31, 2010
$117170.00 10 7.7% $1403.09 Alliance Bank January 21, 2011
$117260.00 6 5.1% $1893.91 Farmers State Bank August 1, 2014
$117410.00 10 8.4% $1449.44 First United Bank, National Association February 1, 2015

Installment loan for Michiko, a graduate of Odessa College and a fire protection engineering technician working for over $62,000 per year

Michiko, an alumnus at Odessa College and a fire protection engineering technician in Bluffton, Indiana needs a signature loan to purchase a car. Michiko has instead chosen to get an installment loan for $13,000 and is at present seeking lenders like Ossian State Bank to process their request.

When Michiko was 22, they attempted to obtain a student loan from 4 alternate banks, which damaged their credit score. Below is a list of Michiko’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $24,000.00 on March 6, 2012
  • Attempt 2) Loan for $23,000.00 on December 24, 2011
  • Attempt 3) Loan for $22,000.00 on December 9, 2011
  • Attempt 4) Loan for $21,000.00 on November 20, 2011

Michiko’s Overall FICO score at the time of acceptance for a signature loan, taking into account their fire protection engineering technician job and their future career as a fashion designer

Fico Score: 412

Before applying for this signature loan, Michiko had an Experian score of 431, which is bad, so Old-First National Bank in Bluffton, Bluffton, Indiana most likely cannot provide Michiko a signature loan

Experian Score: 431

Michiko was rejected by Farmers State Bank 4 times before being approved by Old-First National Bank in Bluffton, Bluffton, Indiana at 304 West Market Street

On December 16, 2012, Michiko applied about borrowing $42,000 from Farmers State Bank Rush County with Armandina, their friend from just outside Bluffton, and even with the co-signer, Michiko was rejected for this signature loan. With bad credit, it can be difficult to procure funding, even with collateral and a co-signer.

Conclusion of Michiko’s signature loan

In the end, Michiko was able to find a signature loan for $54000 with an interest rate of 10.4% interest APR from Old-First National Bank in Bluffton, Bluffton, Indiana in Bluffton, Indiana repayable over 23 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.