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Student Loan For $105000 Near 36323, Alabama With A Credit Score Of 459

$105000 Student Loan – Elba Alabama, Credit Rating Of 459

  • Experian: 476 – This individual had a bad Experian score
  • Transunion: 441 – Ashly had a bad credit score with Transunion.
  • Equifax: Ashly’s Experian score was 459, which is a bad credit score on the Experian rating scheme.

Ashly’s Transunion score was altered by the student loan loan, changing to 441 from 459, which is normal in our experience.

Transunion Score: 441

Contact Details for The Peoples Bank, the provider of this student loan

  • The Peoples Bank
  • City: Elba
  • State: Alabama
  • Address: 429 Claxton Avenue
  • County: Coffee
  • Zip code: 36323

Paraphrased and Standardized Quote from Ashly for this student loan of $105000, provided by The Peoples Bank

Hi, I am Ashly and I’m from Elba in Alabama. Coffee, county is where I grew up, and now I need a student loan in Alabama for $105000 to buy a big ticket item. It has been difficult, but The Peoples Bank really came through for me with this loan for 7.5% interest APR and a term of 17 years. I can repay the loan over the 17 year term, including interest. A big thanks to The Peoples Bank for trusting me and my bad credit. It look me 4 years to create my credit to 459, and I won’t harm it any future. I’m happy with Find Texas Loans for assisting me this far.

Ashly’s Overall FICO score at the time of acceptance for a student loan, taking into account their police and detectives supervisor job and their future career as a database administrator

Fico Score: 459

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

Most debt consolidation loans vary from $28,000.00 to $47,000.00. They are normally used to pay off existing high interest loans like credit cards. Ashly required a debt consolidation loan to pay for their existing student loan and their loan shark loan. Ashly was able to find a student loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which transfers your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 3.7%.

Before applying for this student loan, Ashly had an Experian score of 476, which is bad, so The Peoples Bank likely cannot provide Ashly a student loan

Experian Score: 476

Ashly was not approved by Jacobs Bank 6 times before being approved by The Peoples Bank at 429 Claxton Avenue

On December 2, 2008, Ashly inquired about borrowing $42,000 from Community Spirit Bank with Jann, their in law from just outside Elba, and even with the co-signer, Ashly was rejected for this student loan. With bad credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Personal Loan for a police and detectives supervisor named Ashly in Elba, Alabama to Pay Off Christian Values Network Rewards Visa Credit Card

Ashly had a lot of credit card debt on their Missouri State University Platinum Plus MasterCard with WorldPoint Rewards and their First Bank Platinum Plus MasterCard or Visa with WorldPoints Rewards, and they were starting to get in over their heads. Despite Ashly’s job as a police and detectives supervisor, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Previous requests on Ashly’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$81260.00 9 9.1% $1104.81 AuburnBank April 10, 2010
$81390.00 9 10.6% $1172.47 Bank of the South September 26, 2010
$81140.00 3 10.5% $2637.25 Alabama City Bank of Gadsden, Alabama April 8, 2011
$80790.00 9 11.4% $1199.56 The Exchange Bank, Attalla, Alabama April 22, 2012
Client Profile: Ashly Ort of Elba, Alabama
  • Full name (Changed if requested): Ashly Ort
  • Current Credit: loans.hit.utils.Fico@70177ecd
  • Current City: Elba
  • State: Alabama
  • Zip code: 36326
  • Yearly income: $43,000
  • Current Job: police and detectives supervisor
  • Current County: Coffee
  • Goal Yearly Income: $109,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Multiple past requests for credit have been made by Ashly in the past, including one from The Bank of Forest in Elba, Alabama before Ashly was accepted for the $105000 by The Peoples Bank

Ashly made 6 previous attempts to obtain a student loan, 2 of which were with The Bank of Forest, a lending institution in Elba, Alabama known to specialize in student loans specifically. Prior to finding The Peoples Bank, Ashly was concerned due to their inexperience and bad credit score.

7 Months Ago, Ashly Attempted Finding a High Risk Loan for $26,000.00, but They Didn’t Find What They were Expecting

There is an ongoing struggle for borrowers to get high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Ashly. Ashly chose not to obtain a high risk loan this time. High Risk loans are given to bad credit individuals. Borrowers with credit ratings as low as 596 can inquire for a high risk loan and have a chance to be approved.

Fast Loans for Ashly in Elba, Alabama to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Elba, Alabama aren’t actually that difficult to obtain, particularly if you have some finesse like Ashly. Ashly was able to find a fast loan for $105000 from Peoples Community Bank and The Bank of Vernon, but turned down both offers in favor of their student loan from The Peoples Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big difference in the case that you are in a pinch.

Installment loan for Ashly, a graduate of East Stroudsburg University of Pennsylvania and a police and detectives supervisor working for over $62,000 per year

Ashly, an alumnus at East Stroudsburg University of Pennsylvania and a police and detectives supervisor in Elba, Alabama wants a student loan to purchase a car. Ashly has instead chosen to get an installment loan for $28,000 and is at present seeking lenders like Central Bank of St. Clair County to provide it.

When Ashly was 19, they attempted to obtain a student loan from 5 different lenders, which harmed their credit score. Below is a list of Ashly’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $21,000.00 on February 3, 2010
  • Attempt 2) Loan for $37,000.00 on July 4, 2009
  • Attempt 3) Loan for $27,000.00 on October 18, 2008
  • Attempt 4) Loan for $29,000.00 on October 12, 2012
  • Attempt 5) Loan for $39,000.00 on December 14, 2010

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

Ashly has always wanted to be a database administrator, but would need attend East Stroudsburg University of Pennsylvania again to achieve it. Ashly has other prospects as well, including casino manager, credit adjuster, and medical technologist, which pay $54,000 through to $97,000 per year, on average. For this reason, we think that Ashly can pay for this student loan of $105000.

Signature Loan easily acquired in Elba, Alabama for $105000 with bad credit by Ashly

A lot of borrowers have difficulty with obtaining signature loans in Elba, Alabama, and Ashly is no exception. Ashly went to 5 lenders or more prior to settling on The Peoples Bank, who offered Ashly a signature loan for $105000. Most signature loans simply require a client, like Ashly’s signature to obtain them, up to $37,000 in some cases. Ashly was able to get $105000 as a student loan, which is very high for a student loan. Because signature loans do not require a cosigner, these loans generally need better credit, as high as 796

Conclusion of Ashly’s student loan

In the end, Ashly was able to find a student loan for $105000 with an interest rate of 6.2% interest APR from The Peoples Bank in Elba, Alabama repayable over 17 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.