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Student Loan Of $28000 For Fair Credit South Carolina Resident

$28000 Student Loan – Woodruff South Carolina, Credit Rating Of 523

  • Experian: 540 – They had a fair Experian rating
  • Transunion: 509 – Ollie had a fair credit rating with Transunion.
  • Equifax: Ollie’s Experian score was 523, which is a fair credit rating using the Experian system.

Signature Loan found in Woodruff, South Carolina for $28000 with fair credit by Ollie

Many borrowers have difficulty with finding signature loans in Woodruff, South Carolina, and Ollie is the same. Ollie went to 8 lenders or more prior to settling on Woodruff Federal Savings and Loan Association, who offered Ollie a signature loan for $28000. Typical signature loans simply require a client, like Ollie’s signature to get them, up to $30,000 in some cases. Ollie was able to get $28000 as a student loan, which is very high for a student loan. Because signature loans don’t require collateral, these loans tend to require higher credit, as high as 763

Contact Details for Woodruff Federal Savings and Loan Association, the provider of this student loan

  • Woodruff Federal Savings and Loan Association
  • City: Woodruff
  • State: South Carolina
  • Address: 247 North Main Street
  • County: Spartanburg
  • Zip code: 29388

When Ollie was 21, they attempted to obtain a student loan from 7 different banks, which damaged their credit rating. Below is a list of Ollie’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $32,000.00 on October 18, 2008
  • Attempt 2) Loan for $20,000.00 on May 6, 2010
  • Attempt 3) Loan for $37,000.00 on September 28, 2010
  • Attempt 4) Loan for $24,000.00 on February 8, 2012
  • Attempt 5) Loan for $29,000.00 on May 8, 2010
  • Attempt 6) Loan for $24,000.00 on October 11, 2012
  • Attempt 7) Loan for $22,000.00 on May 17, 2013

Personal Loan for a warehouse stock clerk named Ollie in Woodruff, South Carolina to Pay Off OmniPeace Visa Platinum Rewards Card

Ollie had a lot of credit card debt on their KeyBank Key2More Rewards MasterCard Credit Card and their First Hawaiian Bank Corporate Business Card, and they were starting to get in over their heads. Despite Ollie’s job as a warehouse stock clerk, they struggled to make payments on the $20,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Installment loan for Ollie, a graduate of New York Medical College Dental General Practice Residency 12 Months and a warehouse stock clerk working for over $66,000 per year

Ollie, an alumnus at New York Medical College Dental General Practice Residency 12 Months and a warehouse stock clerk in Woodruff, South Carolina needs a student loan to purchase something frivolous. Ollie has instead decided to obtain an installment loan for $24,000 and is currently seeking lenders like Bank of Ridgeway to provide it.

Fast Loans for Ollie in Woodruff, South Carolina to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Woodruff, South Carolina aren’t actually that difficult to obtain, especially if you have some gumption like Ollie. Ollie was able to find a fast loan for $28000 from The Conway National Bank and The Farmers & Merchants Bank, but declined both offers in favor of their student loan from Woodruff Federal Savings and Loan Association. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. A big improvement in the case that a client is in a time sensitive situation.

Paraphrased and Standardized Quote from Ollie for this student loan of $28000, provided by Woodruff Federal Savings and Loan Association

Hi, I am Ollie and I’m from Woodruff in South Carolina. Spartanburg, county is where I grew up, and now I need a student loan in South Carolina for $28000 to buy a big ticket item. It wasn’t easy, but Woodruff Federal Savings and Loan Association really came through for me with this loan for 6.5% interest APR and a term of 22 years. I will repay the loan over the 22 year term, including interest. A big thanks to Woodruff Federal Savings and Loan Association for giving me a chance and my fair credit. It look me 6 years to build my credit to 523, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for assisting me this far.

6 Months in the Past, Ollie Attempted to Find a High Risk Loan for $26,000.00, and it was Easy

It is an ongoing struggle for clients to get high risk loans in a safe way. Many high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Ollie. Ollie decided not to get a high risk loan this time. High Risk loans are given to terrible credit applicants. Clients with credit ratings as low as 472 can inquire for a high risk loan and possibly can be accepted.

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

Most debt consolidation loans range from $28,000.00 to $49,000.00. They are mainly used to pay off existing high interest loans like credit cards. Ollie required a debt consolidation loan to pay for their existing student loan and their payday loan. Ollie was able to find a student loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which converts your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 4.4%.

Ollie’s Overall FICO score at the time of acceptance for a student loan, taking into account their warehouse stock clerk job and their future career as a systems analyst

Fico Score: 523

Many other requests for credit have been made by Ollie in the past, including one from City Bank in Woodruff, South Carolina before Ollie was approved for the $28000 by Woodruff Federal Savings and Loan Association

Ollie made 6 previous tries to obtain a student loan, 2 of which were with City Bank, a bank in Woodruff, South Carolina known to specialize in student loans specifically. Before finding Woodruff Federal Savings and Loan Association, Ollie was concerned due to their inexperience and fair credit score.

Client Profile: Ollie Indal of Woodruff, South Carolina
  • Full name (Changed if requested): Ollie Indal
  • Current Credit: loans.hit.utils.Fico@5a10411
  • Current City: Woodruff
  • State: South Carolina
  • Zip code: 29390
  • Yearly income: $66,000
  • Current Job: warehouse stock clerk
  • Current County: Spartanburg
  • Goal Yearly Income: $113,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Ollie has a low current total income, but has a high number of prospects

Ollie has always wanted to be a systems analyst, but would need attend New York Medical College Dental General Practice Residency 12 Months again to become one. Ollie has other prospects as well, including harbor, respiratory therapist, and high school teacher, which pay $57,000 through to $99,000 per year, on average. For this reason, we believe that Ollie can pay for this student loan of $28000.

Previous requests on Ollie’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$59870.00 8 5.1% $760.8 The Peoples Bank March 7, 2013
$59780.00 6 5.1% $965.53 The Commercial Bank September 1, 2014
$60100.00 10 8.8% $754.83 The Bank of Hartsville May 30, 2015
$59570.00 10 10.4% $800.48 Farmers and Merchants Bank of South Carolina September 3, 2015
$60300.00 10 5.7% $660.41 The Security Bank September 10, 2015

Ollie was declined by The Palmetto Bank 4 times before being granted funding by Woodruff Federal Savings and Loan Association at 247 North Main Street

On December 14, 2012, Ollie inquired about borrowing $29,000 from Carolina State Bank with Bobette, their in law from just outside Woodruff, and even with the co-signer, Ollie was rejected for this student loan. With fair credit, it can be challenging to obtain financing, even with collateral and a co-signer.

Before applying for this student loan, Ollie had an Experian score of 540, which is fair, so Woodruff Federal Savings and Loan Association likely cannot provide Ollie a student loan

Experian Score: 540

Ollie’s Transunion score was altered by the student loan loan, changing to 509 from 523, which is normal in our experience.

Transunion Score: 509

Conclusion of Ollie’s student loan

In the end, Ollie was able to find a student loan for $28000 with an interest rate of 10.3% interest APR from Woodruff Federal Savings and Loan Association in Woodruff, South Carolina repayable over 22 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.