$100000 Student Loan – Birmingham Alabama, Credit Score Of 757
- Experian: 773 – They had an excellent Experian score
- Transunion: 744 – Cornelius had an excellent credit score with Transunion.
- Equifax: Cornelius’s Experian score was 757, which is an excellent credit score with the Experian scale.
When Cornelius was 22, they tried to obtain a student loan from 4 alternate banks, which damaged their credit score. Below is a list of Cornelius’s prior attempts at finding a student loan:
- Attempt 1) Loan for $29,000.00 on November 27, 2012
- Attempt 2) Loan for $25,000.00 on January 3, 2010
- Attempt 3) Loan for $37,000.00 on May 15, 2009
- Attempt 4) Loan for $36,000.00 on October 4, 2011
Contact Details for ServisFirst Bank, the provider of this student loan
- ServisFirst Bank
- City: Birmingham
- State: Alabama
- Address: 850 Shades Creek Parkway, Suite 200
- County: Jefferson
- Zip code: 35209
Personal Loan for a quality control coordinator named Cornelius in Birmingham, Alabama to Pay Off Bank of Akron Visa Business
Cornelius had a tonne of credit card debt on their First National Bank of St. Louis Credit Cards and their Justice FCU NSA Visa Rewards Credit Card, and they were starting to get in over their heads. Despite Cornelius’s job as a quality control coordinator, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Installment loan for Cornelius, a graduate of Southeast Community College – Lincoln (Energy Square Site) and a quality control coordinator working for over $68,000 per year
Cornelius, an alumnus at Southeast Community College – Lincoln (Energy Square Site) and a quality control coordinator in Birmingham, Alabama needs a student loan to purchase a car. Cornelius has instead decided to get an installment loan for $8,000 and is at present seeking lenders like Jacobs Bank to provide it.
Fast Loans for Cornelius in Birmingham, Alabama to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Birmingham, Alabama aren’t actually that difficult to obtain, especially if you have some finesse like Cornelius. Cornelius was able to find a fast loan for $100000 from The Bank of Berry and United Bank, but declined both offers in favor of their student loan from ServisFirst Bank. The improvement with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. An improvement in the case that you are in a pinch.
Paraphrased and Standardized Quote from Cornelius for this student loan of $100000, provided by ServisFirst Bank
Hi, I am Cornelius and I am from Birmingham in Alabama. Jefferson, county is where I grew up, and now I need a student loan in Alabama for $100000 to buy a car. It wasn’t easy, but ServisFirst Bank really came through for me with this loan for 6.3% interest APR and a term of 15 years. I can probably repay the loan over the 15 year term, including interest. A big thanks to ServisFirst Bank for trusting me and my excellent credit. It look me 5 years to build my credit to 757, and I won’t harm it any future. I am happy with Find Texas Loans for assisting me this far.
Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Normal debt consolidation loans range from $26,000.00 to $58,000.00. They are mainly used to pay off existing high interest loans like credit cards. Cornelius needed a debt consolidation loan to pay for their existing student loan and their payday loan. Cornelius was able to find a student loan in the end. Debt consolidation, or simply 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 2.3%.
Cornelius has a very low current gross income, but has a high number of prospects
Cornelius has always wanted to be a public relations manager, but would need attend Southeast Community College – Lincoln (Energy Square Site) again to become one. Cornelius has other prospects as well, including tour guide, human factors psychologist, and hydraulic engineer, which pay $59,000 through to $105,000 per year, at least. For this reason, we believe that Cornelius can pay for this student loan of $100000.
Cornelius’s Overall FICO score at the time of acceptance for a student loan, taking into account their quality control coordinator job and their future career as a public relations manager
Cornelius’s Transunion score was changed by the student loan loan, changing to 744 from 757, which is typical in our experience.
Many previous requests for credit have been made by Cornelius in the past, including one from The Farmers Savings Bank Company in Birmingham, Alabama before Cornelius was approved for the $100000 by ServisFirst Bank
Cornelius made 9 previous tries to obtain a student loan, 2 of which were with The Farmers Savings Bank Company, a lender in Birmingham, Alabama known to specialize in student loans specifically. Before finding ServisFirst Bank, Cornelius was very concerned due to their inexperience and excellent credit score.
7 Months in the Past, Cornelius Tried to Find a High Risk Loan for $26,000.00, but They Didn’t Find What They were Expecting
There is an existing struggle for clients to get high risk loans in a non-harmful manner. a lot of high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Cornelius. Cornelius chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit borrowers. Clients with credit scores as low as 331 can apply for a high risk loan and may be be accepted.
Before applying for this student loan, Cornelius had an Experian score of 773, which is excellent, so ServisFirst Bank likely can provide Cornelius a student loan
- Full name (Changed if requested): Cornelius Westrom
- Current Credit: loans.hit.utils.Fico@439f5b3d
- Current City: Birmingham
- State: Alabama
- Zip code: 35218
- Yearly income: $60,000
- Current Job: quality control coordinator
- Current County: Jefferson
- Goal Yearly Income: $134,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000
Cornelius was not approved by Jacobs Bank 7 times before being approved by ServisFirst Bank at 850 Shades Creek Parkway, Suite 200
On November 12, 2008, Cornelius applied about borrowing $45,000 from Bank of the South with Jenniffer, their in law from just outside Birmingham, and even with the co-signer, Cornelius was rejected for this student loan. With excellent credit, it can be difficult to procure financing, even with collateral and a co-signer.
Previous requests on Cornelius’s credit
| Principle in USD | Term Length in Years | Annual Percentage Rate | Monthly Payment | Lender’s Branch Name | Date of Request |
|---|---|---|---|---|---|
| $141750.00 | 9 | 10.2% | $2011.04 | AuburnBank | July 24, 2010 |
| $141620.00 | 11 | 7.7% | $1593.87 | Bank of the South | October 31, 2012 |
| $142190.00 | 3 | 11.7% | $4702.39 | Alabama City Bank of Gadsden, Alabama | August 20, 2014 |
| $141700.00 | 9 | 7.2% | $1786.53 | The Exchange Bank, Attalla, Alabama | January 23, 2015 |
| $142240.00 | 11 | 10.4% | $1813.17 | Robertson Banking Company | April 11, 2015 |
Signature Loan acquired in Birmingham, Alabama for $100000 with excellent credit by Cornelius
Most clients struggle with finding signature loans in Birmingham, Alabama, and Cornelius is no different. Cornelius went to 7 lending institutions or more prior to settling on ServisFirst Bank, who offered Cornelius a signature loan for $100000. Typical signature loans simply require a client, like Cornelius’s signature to get them, up to $36,000 in some cases. Cornelius was able to get $100000 as a student loan, which is very high for a student loan. Because signature loans do not require a cosigner, they tend to need better credit, as high as 794
Conclusion of Cornelius’s student loan
In the end, Cornelius was able to find a student loan for $100000 with an interest rate of 11.3% interest APR from ServisFirst Bank in Birmingham, Alabama repayable over 15 years from today.
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