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Susann Wanted An Unsecured Loan For $9000, New Orleans, Louisiana

$9000 Unsecured Loan – New Orleans Louisiana, Credit Rating Of 577

  • Experian: 590 – The client had a fair Experian score
  • Transunion: 559 – Susann had a fair credit rating with Transunion.
  • Equifax: Susann’s Experian score was 577, which is a fair credit rating with the Experian scale.

Susann was rejected by First National Bank of Houma 5 times prior to being accepted by Home Savings and Loan Association at 3625 Canal Street

On June 9, 2009, Susann applied about borrowing $39,000 from Louisiana National Bank of Baton Rouge with Mariette, their in law from just outside New Orleans, and even with the co-signer, Susann was rejected for this unsecured loan. With fair credit, it can be very hard to procure financing, even with collateral and a co-signer.

Personal Loan for a medical insurance claims analyst named Susann in New Orleans, Louisiana to Pay Off Aer Lingus Rewards MasterCard

Susann had a lot of credit card debt on their USAA Secured Card Platinum Visa and their Teachers FCU Platinum Visa, and they were starting to get in over their heads. Despite Susann’s job as a medical insurance claims analyst, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.

When Susann was 18, they attempted to obtain a student loan from 4 different lenders, which damaged their credit rating. Below is a chronology of Susann’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $23,000.00 on July 6, 2012
  • Attempt 2) Loan for $23,000.00 on September 12, 2012
  • Attempt 3) Loan for $29,000.00 on March 23, 2009
  • Attempt 4) Loan for $37,000.00 on January 4, 2014

Susann’s Transunion score was changed by the unsecured loan loan, changing to 559 from 577, which is normal in our experience.

Transunion Score: 559

Signature Loan found in New Orleans, Louisiana for $9000 with fair credit by Susann

A lot of borrowers have difficulty with obtaining signature loans in New Orleans, Louisiana, and Susann is the same. Susann went to 8 lending institutions or more before settling on Home Savings and Loan Association, who offered Susann a signature loan for $9000. Most signature loans simply require a client, like Susann’s signature to get them, up to $32,000 in some cases. Susann was able to get $9000 as a unsecured loan, which is very high for an unsecured loan. Because signature loans don’t require a cosigner, they generally need better credit, as high as 762

Installment loan for Susann, a graduate of Florida Agricultural and Mechanical University and a medical insurance claims analyst working for over $77,000 per year

Susann, an alumnus at Florida Agricultural and Mechanical University and a medical insurance claims analyst in New Orleans, Louisiana wants an unsecured loan to purchase a new cell phone. Susann has instead decided to get an installment loan for $27,000 and is currently seeking lenders like Bank of Pleasant Hill to process their request.

Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Normal debt consolidation loans vary from $24,000.00 to $49,000.00. They are typically used to pay off existing high interest loans like credit cards. Susann required a debt consolidation loan to pay for their existing unsecured loan and their loan shark loan. Susann was able to find a unsecured loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your bad, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.7%.

Client Profile: Susann Blubaugh of New Orleans, Louisiana
  • Full name (Changed if requested): Susann Blubaugh
  • Current Credit: loans.hit.utils.Fico@c4437c4
  • Current City: New Orleans
  • State: Louisiana
  • Zip code: 70123
  • Yearly income: $37,000
  • Current Job: medical insurance claims analyst
  • Current County: Orleans
  • Goal Yearly Income: $130,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Previous requests on Susann’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$67620.00 9 9.3% $926.56 Bank of Zachary May 19, 2011
$67840.00 7 5.5% $974.86 Landmark Bank May 12, 2012
$67790.00 5 10.3% $1450.36 Bank of Gonzales September 27, 2014
$67810.00 11 5.3% $679.03 The Highlands Bank June 18, 2015

Many other requests for credit have been made by Susann in the past, including one from Colorado National Bank in New Orleans, Louisiana before Susann was accepted for the $9000 by Home Savings and Loan Association

Susann made 6 previous tries to obtain an unsecured loan, 2 of which were with Colorado National Bank, a lender in New Orleans, Louisiana known to specialize in unsecured loans specifically. Before finding Home Savings and Loan Association, Susann was desperate due to their inexperience and fair credit rating.

Susann has a disappointing current total income, but has several of prospects

Susann has always wanted to be a soil scientist, but would need attend Florida Agricultural and Mechanical University again to achieve it. Susann has other possibilities as well, including government budget analyst, speech pathologist, and musical instrument tuner, which pay $58,000 through to $99,000 per year, on average. For this reason, we believe that Susann can pay for this unsecured loan of $9000.

Before applying for this unsecured loan, Susann had an Experian score of 590, which is fair, so Home Savings and Loan Association likely cannot provide Susann an unsecured loan

Experian Score: 590

Contact Details for Home Savings and Loan Association, the provider of this unsecured loan

  • Home Savings and Loan Association
  • City: New Orleans
  • State: Louisiana
  • Address: 3625 Canal Street
  • County: Orleans
  • Zip code: 70119

Susann’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their medical insurance claims analyst job and their future job as a soil scientist

Fico Score: 577

Paraphrased and Standardized Quote from Susann for this unsecured loan of $9000, provided by Home Savings and Loan Association

Hello, I am Susann and I am from New Orleans in Louisiana. Orleans, county is where I grew up, and now I need a unsecured loan in Louisiana for $9000 to renovate my home. It wasn’t easy, but Home Savings and Loan Association really came through for me with this loan for 6.5% interest APR and a term of 22 years. I can probably repay the loan over the 22 year term, including interest. A big thanks to Home Savings and Loan Association for giving me a chance and my fair credit. It look me 5 years to build my credit to 577, and I won’t tarnish it any future. I’m happy with Find Texas Loans for helping me this far.

7 Months in the Past, Susann Attempted Finding a High Risk Loan for $26,000.00, and it was Easy

There is an existing struggle for borrowers to find high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Susann. Susann chose not to get a high risk loan this time. High Risk loans are given to very low credit borrowers. Clients with credit ratings as low as 404 can apply for a high risk loan and have a chance to be approved.

Fast Loans for Susann in New Orleans, Louisiana to prevent bankruptcy or harm from debt collectors.

Fast loans in New Orleans, Louisiana aren’t actually that difficult to obtain, particularly if you have some finesse like Susann. Susann was able to find a fast loan for $9000 from Bank of Pleasant Hill and Washington Bank and Trust Company, but turned down both offers in favor of their unsecured loan from Home Savings and Loan Association. The difference with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. Much better in the case that a borrower is on the go.

Conclusion of Susann’s unsecured loan

In the end, Susann was able to find an unsecured loan for $9000 with an interest rate of 9.6% interest APR from Home Savings and Loan Association in New Orleans, Louisiana 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.