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Solomon Had Need For A No Collateral Loan For $72000, Cape Girardeau, Missouri

$72000 No Collateral Loan – Cape Girardeau Missouri, Credit Rating Of 499

  • Experian: 513 – They had a bad Experian rating
  • Transunion: 482 – Solomon had a bad credit score with Transunion.
  • Equifax: Solomon’s Experian score was 499, which is a bad credit rating with the Experian scale.

Paraphrased and Standardized Quote from Solomon for this no collateral loan of $72000, provided by Boatmen’s National Bank of Cape Girardeau

Hi, I am Solomon and I’m from Cape Girardeau in Missouri. Cape Girardeau, county is where I grew up, and now I need a no collateral loan in Missouri for $72000 to buy a big ticket item. It has been difficult, but Boatmen’s National Bank of Cape Girardeau really came through for me with this loan for 10.7% interest APR and a term of 6 years. I can repay the loan over the 6 year term, including interest. A big thanks to Boatmen’s National Bank of Cape Girardeau for trusting me and my bad credit. It look me 9 years to create my credit to 499, and I won’t harm it any more. I am pleased with Find Texas Loans for helping me this far.

Client Profile: Solomon Trusillo of Cape Girardeau, Missouri
  • Full name (Changed if requested): Solomon Trusillo
  • Current Credit: loans.hit.utils.Fico@50040f0c
  • Current City: Cape Girardeau
  • State: Missouri
  • Zip code: 63705
  • Yearly income: $38,000
  • Current Job: web art director
  • Current County: Cape Girardeau
  • Goal Yearly Income: $97,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Installment loan for Solomon, a graduate of Indiana Wesleyan University and a web art director working for over $69,000 per year

Solomon, an alumnus at Indiana Wesleyan University and a web art director in Cape Girardeau, Missouri wants a no collateral loan to purchase a car. Solomon has instead chosen to obtain an installment loan for $14,000 and is currently seeking lenders like Mercantile Bank National Association to provide it.

Solomon’s Transunion score was altered by the no collateral loan loan, changing to 482 from 499, which is typical in our experience.

Transunion Score: 482

Contact Details for Boatmen’s National Bank of Cape Girardeau, the provider of this no collateral loan

  • Boatmen’s National Bank of Cape Girardeau
  • City: Cape Girardeau
  • State: Missouri
  • Address: 2001 William Street
  • County: Cape Girardeau
  • Zip code: 63702

Solomon has a very low current gross income, but has several of prospects

Solomon has always wanted to be a construction laborer, but would have to attend Indiana Wesleyan University again to become one. Solomon has other prospects as well, including administrative law judge, retail customer service representative, and government budget analyst, which pay $55,000 through to $107,000 per year, at least. For this reason, we think that Solomon can afford this no collateral loan of $72000.

Previous requests on Solomon’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$92160.00 7 11.8% $1617.04 Camden County Bank May 31, 2011
$91600.00 7 8.8% $1464.48 Glasgow Savings Bank March 7, 2012
$91880.00 10 9.7% $1198.99 Central Bank October 20, 2013
$92100.00 8 8.4% $1320.79 Midwest BankCentre March 19, 2014
$91880.00 6 6.6% $1548.87 Commerce Bank of Richmond Heights December 12, 2014

Solomon was not approved by Union Planters Bank of Missouri 4 times before being accepted by Boatmen’s National Bank of Cape Girardeau at 2001 William Street

On May 11, 2011, Solomon inquired about borrowing $4,000 from Union Planters Bank of Missouri with Albertina, their in law from just outside Cape Girardeau, and even with the co-signer, Solomon was rejected for this no collateral loan. With bad credit, it can be difficult to obtain financing, even with collateral and a co-signer.

Before applying for this no collateral loan, Solomon had an Experian score of 513, which is bad, so Boatmen’s National Bank of Cape Girardeau probably cannot provide Solomon a no collateral loan

Experian Score: 513

6 Months Ago, Solomon Attempted Finding a High Risk Loan for $45,000.00, and it was Hard

There is an ongoing struggle for borrowers to get high risk loans in a non-harmful way. a lot of high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Solomon. Solomon decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit applicants. Individuals with credit ratings as low as 469 can inquire for a high risk loan and may be be approved.

Many other requests for credit have been made by Solomon in the past, including one from Home Federal Savings Bank of South Carolina in Cape Girardeau, Missouri before Solomon was approved for the $72000 by Boatmen’s National Bank of Cape Girardeau

Solomon made 4 previous attempts to obtain a no collateral loan, 2 of which were with Home Federal Savings Bank of South Carolina, a bank in Cape Girardeau, Missouri known to specialize in no collateral loans specifically. Before finding Boatmen’s National Bank of Cape Girardeau, Solomon was concerned due to their inexperience and bad credit score.

When Solomon was 24, they tried to obtain a student loan from 6 alternate lenders, which harmed their credit rating. Below is a chronology of Solomon’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $36,000.00 on July 31, 2011
  • Attempt 2) Loan for $35,000.00 on August 13, 2009
  • Attempt 3) Loan for $27,000.00 on November 3, 2013
  • Attempt 4) Loan for $26,000.00 on July 15, 2010
  • Attempt 5) Loan for $27,000.00 on September 13, 2009
  • Attempt 6) Loan for $32,000.00 on November 1, 2009

Solomon’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their web art director job and their future job as a construction laborer

Fico Score: 499

Signature Loan found in Cape Girardeau, Missouri for $72000 with bad credit by Solomon

Most prospective borrowers struggle with finding signature loans in Cape Girardeau, Missouri, and Solomon is no exception. Solomon went to 5 lending institutions or more before finding Boatmen’s National Bank of Cape Girardeau, who offered Solomon a signature loan for $72000. Most signature loans simply need a client, like Solomon’s signature to obtain them, up to $46,000 in some cases. Solomon was able to get $72000 as a no collateral loan, which is very high for a no collateral loan. Because signature loans do not need collateral, they tend to require better credit, as high as 757

Personal Loan for a web art director named Solomon in Cape Girardeau, Missouri to Pay Off American Airlines AAdvantage CitiBusiness Visa Card

Solomon had a lot of credit card debt on their Franklin Templeton Bank & Trust Platinum MasterCard and their Fulton Bank of New Jersey Visa Business Bonus Rewards Card, and they were starting to get in over their heads. Despite Solomon’s job as a web art director, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans range from $38,000.00 to $55,000.00. They are normally used to pay off existing high interest loans like credit cards. Solomon required a debt consolidation loan to pay for their existing no collateral loan and their payday loan. Solomon was able to find a no collateral loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your bad, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 4.0%.

Fast Loans for Solomon in Cape Girardeau, Missouri to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Cape Girardeau, Missouri aren’t actually that difficult to obtain, especially if you have some finesse like Solomon. Solomon was able to find a fast loan for $72000 from Cass Commercial Bank and Southern Commercial Bank, but declined both offers in favor of their no collateral loan from Boatmen’s National Bank of Cape Girardeau. 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 6 weeks for personal loans. An improvement in the case that you are on the go.

Conclusion of Solomon’s no collateral loan

In the end, Solomon was able to find a no collateral loan for $72000 with an interest rate of 6.2% interest APR from Boatmen’s National Bank of Cape Girardeau in Cape Girardeau, Missouri repayable over 6 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.