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Student Loan With Low APR In Madison County, Illinois

$44000 Student Loan – Alton Illinois, Credit Rating Of 485

  • Experian: 501 – This individual had a bad Experian rating
  • Transunion: 470 – Trudy had a bad credit score with Transunion.
  • Equifax: Trudy’s Experian score was 485, which is a bad credit rating using the Experian system.

Trudy has a disappointing current gross income, but has a high number of prospects

Trudy has always wanted to be a construction laborer, but would have to attend National Louis University again to achieve it. Trudy has other prospects as well, including finance manager, harbor, and transportation systems design engineer, which pay $53,000 through to $92,000 per year, on average. For this reason, we think that Trudy can afford this student loan of $44000.

Previous requests on Trudy’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$38480.00 4 8.1% $941.22 The Gerber State Bank June 29, 2010
$38400.00 5 5.4% $731.71 The Belvidere National Bank and Trust Company January 17, 2012
$38480.00 8 8.8% $559.76 Commerce Bank July 2, 2014
$38450.00 5 9.8% $813.17 Byron Bank December 4, 2014

Trudy’s Transunion score was altered by the student loan loan, changing to 470 from 485, which is typical in our experience.

Transunion Score: 470

Personal Loan for a computer hardware technician named Trudy in Alton, Illinois to Pay Off US Bank College Visa Card

Trudy had a lot of credit card debt on their BankAmericard Travel Rewards for Students and their NBT Bank Visa Secured Card, and they were starting to get in over their heads. Despite Trudy’s job as a computer hardware technician, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Trudy for this student loan of $44000, provided by Landmark Bank of Alton

Hi, I am Trudy and I am from Alton in Illinois. Madison, county is where I grew up, and now I need a student loan in Illinois for $44000 to avoid bankruptcy. It has been difficult, but Landmark Bank of Alton really came through for me with this loan for 5.3% 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 Landmark Bank of Alton for trusting me and my bad credit. It look me 7 years to create my credit to 485, and I won’t harm it any future. I am pleased with Find Texas Loans for assisting me this far.

Client Profile: Trudy Branscom of Alton, Illinois
  • Full name (Changed if requested): Trudy Branscom
  • Current Credit: loans.hit.utils.Fico@5010be6
  • Current City: Alton
  • State: Illinois
  • Zip code: 62005
  • Yearly income: $52,000
  • Current Job: computer hardware technician
  • Current County: Madison
  • Goal Yearly Income: $140,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

7 Months in the Past, Trudy Tried Finding a High Risk Loan for $38,000.00, and it was Hard

It is an well known struggle for clients to find high risk loans in a safe way. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Trudy. Trudy decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit borrowers. Individuals with credit ratings as low as 399 can apply for a high risk loan and may be be approved.

Trudy’s Overall FICO score at the time of acceptance for a student loan, taking into account their computer hardware technician job and their future career as a construction laborer

Fico Score: 485

Signature Loan easily acquired in Alton, Illinois for $44000 with bad credit by Trudy

Many prospective borrowers have difficulty with obtaining signature loans in Alton, Illinois, and Trudy is not an exception. Trudy went to 5 lending institutions or more before settling on Landmark Bank of Alton, who offered Trudy a signature loan for $44000. Typical signature loans simply need a client, like Trudy’s signature to obtain them, up to $46,000 in some cases. Trudy was able to get $44000 as a student loan, which is very high for a student loan. Because signature loans do not require a cosigner, they generally need higher credit, as high as 750

Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans vary from $30,000.00 to $43,000.00. They are mainly used to pay off existing high interest loans like credit cards. Trudy needed a debt consolidation loan to pay for their existing student loan and their credit card. Trudy was able to find a student loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which transfers your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.3%.

Installment loan for Trudy, a graduate of National Louis University and a computer hardware technician working for over $68,000 per year

Trudy, an alumnus at National Louis University and a computer hardware technician in Alton, Illinois wants a student loan to purchase a car. Trudy has instead decided to obtain an installment loan for $27,000 and is at present seeking lenders like Metropolitan Bank and Trust Company to provide it.

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

  • Attempt 1) Loan for $29,000.00 on November 25, 2009
  • Attempt 2) Loan for $39,000.00 on May 16, 2010
  • Attempt 3) Loan for $23,000.00 on February 23, 2009
  • Attempt 4) Loan for $33,000.00 on February 16, 2012
  • Attempt 5) Loan for $35,000.00 on July 5, 2011

Many previous requests for credit have been made by Trudy in the past, including one from Citizens Bank Wakulla in Alton, Illinois before Trudy was accepted for the $44000 by Landmark Bank of Alton

Trudy made 9 prior attempts to obtain a student loan, 2 of which were with Citizens Bank Wakulla, a lending institution in Alton, Illinois known to specialize in student loans specifically. Prior to finding Landmark Bank of Alton, Trudy was desperate due to their inexperience and bad credit rating.

Contact Details for Landmark Bank of Alton, the provider of this student loan

  • Landmark Bank of Alton
  • City: Alton
  • State: Illinois
  • Address: 2850 Beltline
  • County: Madison
  • Zip code: 62002

Before applying for this student loan, Trudy had an Experian score of 501, which is bad, so Landmark Bank of Alton probably cannot provide Trudy a student loan

Experian Score: 501

Trudy was rejected by The Northern Trust Company 7 times prior to being approved by Landmark Bank of Alton at 2850 Beltline

On October 30, 2009, Trudy applied about borrowing $41,000 from Upper Avenue Bank with Zetta, their friend from just outside Alton, and even with the co-signer, Trudy was rejected for this student loan. With bad credit, it can be very hard to procure financing, even with collateral and a co-signer.

Fast Loans for Trudy in Alton, Illinois to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Alton, Illinois aren’t actually that difficult to obtain, especially if you have some finesse like Trudy. Trudy was able to find a fast loan for $44000 from Old Kent Bank and Bank One, Illinois, National Association, but turned down both offers in favor of their student loan from Landmark Bank of Alton. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. A big improvement if a client is in a pinch.

Conclusion of Trudy’s student loan

In the end, Trudy was able to find a student loan for $44000 with an interest rate of 7.8% interest APR from Landmark Bank of Alton in Alton, Illinois repayable over 15 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.