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Sonia Had Need For A High Risk Loan For $84000, Independence, Ohio

$84000 High Risk Loan – Independence Ohio, Credit Score Of 458

  • Experian: 474 – This individual had a bad Experian rating
  • Transunion: 443 – Sonia had a bad credit rating with Transunion.
  • Equifax: Sonia’s Experian score was 458, which is a bad credit score using the Experian rating scheme.

Before applying for this high risk loan, Sonia had an Experian score of 474, which is bad, so Star Bank, National Association, Cleveland probably cannot provide Sonia a high risk loan

Experian Score: 474

Sonia was not approved by ShoreBank 5 times prior to being approved by Star Bank, National Association, Cleveland at 6500 Rockside Road

On August 18, 2012, Sonia applied about borrowing $16,000 from The Vinton Banking Company with Tosha, their in law from just outside Independence, and even with the co-signer, Sonia was rejected for this high risk loan. With bad credit, it can be a challenge to obtain financing, even with collateral and a co-signer.

Sonia has a very low current yearly income, but has a high number of prospects

Sonia has always wanted to be a civil drafter, but would have to attend Hair Fashions By Kaye Beauty College again to become one. Sonia has other possibilities as well, including unemployment inspector, fine artist, and file clerk, which pay $51,000 through to $101,000 per year, on average. Because of this, we think that Sonia can pay for this high risk loan of $84000.

Signature Loan easily acquired in Independence, Ohio for $84000 with bad credit by Sonia

A lot of borrowers have difficulty with obtaining signature loans in Independence, Ohio, and Sonia is no exception. Sonia went to 6 lending institutions or more prior to settling on Star Bank, National Association, Cleveland, who offered Sonia a signature loan for $84000. Typical signature loans simply require a client, like Sonia’s signature to get them, up to $44,000 in some cases. Sonia was able to get $84000 as a high risk loan, which is very high for a high risk loan. Because signature loans don’t need collateral, they generally require improved credit, as high as 737

Client Profile: Sonia Harshaw of Independence, Ohio
  • Full name (Changed if requested): Sonia Harshaw
  • Current Credit: loans.hit.utils.Fico@378fd1ac
  • Current City: Independence
  • State: Ohio
  • Zip code: 44140
  • Yearly income: $67,000
  • Current Job: ceiling tile installer
  • Current County: Cuyahoga
  • Goal Yearly Income: $123,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Multiple past requests for credit have been made by Sonia in the past, including one from Bank Meridian, National Association in Independence, Ohio before Sonia was approved for the $84000 by Star Bank, National Association, Cleveland

Sonia made 4 prior attempts to obtain a high risk loan, 2 of which were with Bank Meridian, National Association, a lending institution in Independence, Ohio known to specialize in high risk loans specifically. Prior to finding Star Bank, National Association, Cleveland, Sonia was concerned due to their inexperience and bad credit rating.

Personal Loan for a ceiling tile installer named Sonia in Independence, Ohio to Pay Off Banana Republic Visa Card

Sonia had a lot of credit card debt on their Citizens & Northern Bank Credit Cards and their DISTANCIA Visa, and they were starting to get in over their heads. Despite Sonia’s job as a ceiling tile installer, they struggled to make payments on the $23,000.00 credit card balance, badly needing assistance in the form of a personal loan.

6 Months Ago, Sonia Tried to Find a High Risk Loan for $22,000.00, but They Didn’t Find What They were Expecting

There is an ongoing struggle for borrowers to get high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Sonia. Sonia chose not to get a high risk loan this time. High Risk loans are given to terrible credit individuals. Clients with credit scores as low as 370 can inquire for a high risk loan and have a chance to be accepted.

Previous requests on Sonia’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$106190.00 10 9.6% $1379.89 The Vinton Banking Company May 15, 2012
$105850.00 9 7.3% $1339.93 The Ohio Valley Bank Company July 19, 2012
$106100.00 3 6.1% $3232.58 The Citizens Bank May 24, 2013
$105850.00 10 10.4% $1422.37 The Peoples Bank June 2, 2013
$106170.00 6 8.3% $1877.09 The Freeport State Bank September 28, 2013

Sonia’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their ceiling tile installer job and their future job as a civil drafter

Fico Score: 458

Fast Loans for Sonia in Independence, Ohio to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Independence, Ohio aren’t actually that difficult to obtain, especially if you have some gumption like Sonia. Sonia was able to find a fast loan for $84000 from JPMorgan Chase Bank, National Association and The Peoples Savings Bank Company, but declined both offers in favor of their high risk loan from Star Bank, National Association, Cleveland. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. A big improvement in the case that a borrower is in a pinch.

Sonia’s Transunion score was altered by the high risk loan loan, changing to 443 from 458, which is typical in our experience.

Transunion Score: 443

Paraphrased and Standardized Quote from Sonia for this high risk loan of $84000, provided by Star Bank, National Association, Cleveland

Hi, I am Sonia and I’m from Independence in Ohio. Cuyahoga, county is where I grew up, and now I need a high risk loan in Ohio for $84000 to pay bills. It wasn’t easy, but Star Bank, National Association, Cleveland really came through for me with this loan for 6.6% interest APR and a term of 4 years. I can repay the loan over the 4 year term, including interest. A big thanks to Star Bank, National Association, Cleveland for giving me a chance and my bad credit. It look me 6 years to build my credit to 458, and I won’t harm it any more. I am happy with Find Texas Loans for helping me this far.

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

Most debt consolidation loans vary from $27,000.00 to $47,000.00. They are normally used to pay off existing high interest loans like credit cards. Sonia required a debt consolidation loan to pay for their existing high risk loan and their payday loan. Sonia was able to find a high risk loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your less desirable, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.1%.

Contact Details for Star Bank, National Association, Cleveland, the provider of this high risk loan

  • Star Bank, National Association, Cleveland
  • City: Independence
  • State: Ohio
  • Address: 6500 Rockside Road
  • County: Cuyahoga
  • Zip code: 44131

When Sonia was 21, they attempted to obtain a student loan from 5 different banks, which harmed their credit score. Below is a list of Sonia’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $31,000.00 on January 22, 2011
  • Attempt 2) Loan for $36,000.00 on February 7, 2011
  • Attempt 3) Loan for $34,000.00 on May 31, 2010
  • Attempt 4) Loan for $21,000.00 on November 3, 2013
  • Attempt 5) Loan for $38,000.00 on December 10, 2011

Installment loan for Sonia, a graduate of Hair Fashions By Kaye Beauty College and a ceiling tile installer working for over $71,000 per year

Sonia, an alumnus at Hair Fashions By Kaye Beauty College and a ceiling tile installer in Independence, Ohio needs a high risk loan to purchase a house. Sonia has instead chosen to obtain an installment loan for $19,000 and is at present seeking lenders like The Peoples Savings Bank Company to provide it.

Conclusion of Sonia’s high risk loan

In the end, Sonia was able to find a high risk loan for $84000 with an interest rate of 7.0% interest APR from Star Bank, National Association, Cleveland in Independence, Ohio repayable over 4 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.