$112000 Student Loan – Honea Path South Carolina, Credit Score Of 553
- Experian: 565 – They had a fair Experian score
- Transunion: 534 – Jeffrey had a fair credit score with Transunion.
- Equifax: Jeffrey’s Experian score was 553, which is a fair credit score using the Experian scale.
Fast Loans for Jeffrey in Honea Path, South Carolina to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Honea Path, South Carolina aren’t actually that difficult to obtain, especially if you have some gumption like Jeffrey. Jeffrey was able to find a fast loan for $112000 from Farmers & Merchants Bank and Wachovia Bank of South Carolina, National Association, but declined both offers in favor of their student loan from The Commercial Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. An improvement in the case that you are in a time sensitive situation.
Jeffrey’s Transunion score was altered by the student loan loan, changing to 534 from 553, which is typical in our experience.
Jeffrey was rejected by NCNB National Bank of South Carolina 4 times before being accepted by The Commercial Bank at 4 Church Street
On November 13, 2011, Jeffrey applied about borrowing $34,000 from The Palmetto Bank with Laquita, their friend from just outside Honea Path, and even with the co-signer, Jeffrey was rejected for this student loan. With fair credit, it can be challenging to obtain funding, even with collateral and a co-signer.
- Full name (Changed if requested): Jeffrey Topel
- Current Credit: loans.hit.utils.Fico@312b1dae
- Current City: Honea Path
- State: South Carolina
- Zip code: 29662
- Yearly income: $40,000
- Current Job: food batchmaker
- Current County: Anderson
- Goal Yearly Income: $107,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
8 Months in the Past, Jeffrey Attempted Finding a High Risk Loan for $33,000.00, but They Didn’t Find What They were Expecting
It is an existing struggle for clients to get high risk loans in a non-harmful way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Jeffrey. Jeffrey decided not to get a high risk loan this time. High Risk loans are given to very low credit applicants. Borrowers with credit ratings as low as 368 can inquire for a high risk loan and have a chance to be accepted.
Installment loan for Jeffrey, a graduate of Bryant and Stratton College and a food batchmaker working for over $78,000 per year
Jeffrey, an alumnus at Bryant and Stratton College and a food batchmaker in Honea Path, South Carolina needs a student loan to purchase a car. Jeffrey has instead chosen to obtain an installment loan for $6,000 and is at present seeking lenders like First National Bank of South Carolina to process their request.
When Jeffrey was 21, they tried to obtain a student loan from 4 different banks, which damaged their credit score. Below is a chronology of Jeffrey’s prior attempts at finding a student loan:
- Attempt 1) Loan for $38,000.00 on September 3, 2012
- Attempt 2) Loan for $22,000.00 on January 19, 2013
- Attempt 3) Loan for $30,000.00 on October 28, 2009
- Attempt 4) Loan for $35,000.00 on December 7, 2009
Jeffrey’s Overall FICO score at the time of acceptance for a student loan, taking into account their food batchmaker job and their future career as an aquaculturist
Paraphrased and Standardized Quote from Jeffrey for this student loan of $112000, provided by The Commercial Bank
Hi, I am Jeffrey and I am from Honea Path in South Carolina. Anderson, county is where I grew up, and now I need a student loan in South Carolina for $112000 to avoid bankruptcy. It wasn’t easy, but The Commercial Bank really came through for me with this loan for 6.7% interest APR and a term of 16 years. I can probably repay the loan over the 16 year term, including interest. A big thanks to The Commercial Bank for giving me a chance and my fair credit. It look me 6 years to create my credit to 553, and I won’t harm it any future. I’m happy with Find Texas Loans for helping me this far.
Personal Loan for a food batchmaker named Jeffrey in Honea Path, South Carolina to Pay Off RBC Visa Platinum Avion
Jeffrey had a tonne of credit card debt on their New York Community Bank American Express Card and their Hawaiian Airlines Business MasterCard, and they were starting to get in over their heads. Despite Jeffrey’s job as a food batchmaker, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Multiple previous requests for credit have been made by Jeffrey in the past, including one from SouthTrust Bank of South Mississippi in Honea Path, South Carolina before Jeffrey was approved for the $112000 by The Commercial Bank
Jeffrey made 8 previous attempts to obtain a student loan, 2 of which were with SouthTrust Bank of South Mississippi, a lending institution in Honea Path, South Carolina known to specialize in student loans specifically. Before finding The Commercial Bank, Jeffrey was very concerned due to their inexperience and fair credit rating.
Signature Loan acquired in Honea Path, South Carolina for $112000 with fair credit by Jeffrey
Most borrowers have difficulty with finding signature loans in Honea Path, South Carolina, and Jeffrey is no exception. Jeffrey went to 6 lending institutions or more prior to settling on The Commercial Bank, who offered Jeffrey a signature loan for $112000. Most signature loans simply need a client, like Jeffrey’s signature to get them, up to $36,000 in some cases. Jeffrey was able to get $112000 as a student loan, which is very high for a student loan. Because signature loans do not require collateral, these loans tend to need better credit, as high as 750
Previous requests on Jeffrey’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$51450.00||5||10.2%||$1098.23||The Peoples Bank||May 22, 2013|
|$51490.00||5||8.6%||$1058.88||The Commercial Bank||November 25, 2013|
|$50670.00||11||9.3%||$614.48||The Bank of Hartsville||April 11, 2014|
|$50780.00||9||10.2%||$720.43||Farmers and Merchants Bank of South Carolina||April 24, 2014|
|$50550.00||9||10.8%||$733.76||The Security Bank||June 4, 2014|
Jeffrey has a sad current total income, but has a large amount of prospects
Jeffrey has always wanted to be an aquaculturist, but would need attend Bryant and Stratton College again to achieve it. Jeffrey has other possibilities as well, including counseling psychologist, industrial arts teacher, and materials scientist, which pay $59,000 through to $90,000 per year, on average. Because of this, we believe that Jeffrey can pay for this student loan of $112000.
Before applying for this student loan, Jeffrey had an Experian score of 565, which is fair, so The Commercial Bank likely cannot provide Jeffrey a student loan
Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans
Most debt consolidation loans range from $26,000.00 to $42,000.00. They are normally used to pay off existing high interest loans like credit cards. Jeffrey required a debt consolidation loan to pay for their existing student loan and their loan shark loan. Jeffrey was able to find a student loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which transfers your bad, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 2.4%.
Contact Details for The Commercial Bank, the provider of this student loan
- The Commercial Bank
- City: Honea Path
- State: South Carolina
- Address: 4 Church Street
- County: Anderson
- Zip code: 29654
Conclusion of Jeffrey’s student loan
In the end, Jeffrey was able to find a student loan for $112000 with an interest rate of 5.1% interest APR from The Commercial Bank in Honea Path, South Carolina repayable over 16 years from now.