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Tommye Wanted A No Collateral Loan For $40000, Johnstown, Ohio

$40000 No Collateral Loan – Johnstown Ohio, Credit Score Of 807

  • Experian: 822 – This client had an excellent Experian rating
  • Transunion: 792 – Tommye had an excellent credit rating with Transunion.
  • Equifax: Tommye’s Experian score was 807, which is an excellent credit rating with the Experian scale.

8 Months Ago, Tommye Tried to Find a High Risk Loan for $29,000.00, but They Didn’t Find What They were Expecting

There is an ongoing struggle for clients to get high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Tommye. Tommye chose not to get a high risk loan this time. High Risk loans are given to bad credit applicants. Borrowers with credit ratings as low as 568 can inquire for a high risk loan and may be be approved.

Tommye has a sad current total income, but has a high number of prospects

Tommye has always wanted to be a library consultant, but would have to attend VA Pittsburgh Healthcare System again to become one. Tommye has other possibilities as well, including health case manager, radio & tv producer, and agricultural technician, which pay $52,000 through to $90,000 per year, on average. For this reason, we believe that Tommye can pay for this no collateral loan of $40000.

Personal Loan for a professional sports scout named Tommye in Johnstown, Ohio to Pay Off BankUnited Maximum Rewards Platinum Edition Visa Card

Tommye had a lot of credit card debt on their Conestoga Bank Visa Signature Bonus Rewards Card and their Precious Moments Platinum Plus MasterCard with WorldPoints Rewards, and they were starting to get in over their heads. Despite Tommye’s job as a professional sports scout, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Most debt consolidation loans vary from $34,000.00 to $46,000.00. They are normally used to pay off existing high interest loans like credit cards. Tommye required a debt consolidation loan to pay for their existing no collateral loan and their loan shark loan. Tommye was able to find a no collateral loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which transfers your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 2.2%.

Tommye was declined by The Liberty State Bank 7 times before being approved by The Johnstown Bank at Main Street

On February 24, 2012, Tommye applied about borrowing $5,000 from AmeriTrust Company National Association with Sang, their friend from just outside Johnstown, and even with the co-signer, Tommye was rejected for this no collateral loan. With excellent credit, it can be very hard to procure financing, even with collateral and a co-signer.

Client Profile: Tommye Krishnamurthy of Johnstown, Ohio
  • Full name (Changed if requested): Tommye Krishnamurthy
  • Current Credit: loans.hit.utils.Fico@27bc2616
  • Current City: Johnstown
  • State: Ohio
  • Zip code: 43036
  • Yearly income: $40,000
  • Current Job: professional sports scout
  • Current County: Licking
  • Goal Yearly Income: $122,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

When Tommye was 23, they attempted to obtain a student loan from 6 alternate lenders, which damaged their credit rating. Below is a list of Tommye’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $25,000.00 on October 18, 2013
  • Attempt 2) Loan for $35,000.00 on July 7, 2009
  • Attempt 3) Loan for $31,000.00 on November 16, 2013
  • Attempt 4) Loan for $31,000.00 on January 4, 2012
  • Attempt 5) Loan for $33,000.00 on February 8, 2009
  • Attempt 6) Loan for $28,000.00 on July 2, 2012

Installment loan for Tommye, a graduate of VA Pittsburgh Healthcare System and a professional sports scout working for over $78,000 per year

Tommye, an alumnus at VA Pittsburgh Healthcare System and a professional sports scout in Johnstown, Ohio needs a no collateral loan to purchase a house. Tommye has instead decided to obtain an installment loan for $2,000 and is currently seeking lenders like First National Bank of Middletown to provide it.

Fast Loans for Tommye in Johnstown, Ohio to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Johnstown, Ohio aren’t actually that difficult to obtain, especially if you have some gumption like Tommye. Tommye was able to find a fast loan for $40000 from Peoples Banking Company of Martins Ferry, Ohio and PNC Bank, Ohio, National Association, but turned down both offers in favor of their no collateral loan from The Johnstown Bank. The improvement 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. An improvement in the case that you are in a pinch.

Paraphrased and Standardized Quote from Tommye for this no collateral loan of $40000, provided by The Johnstown Bank

Hello, I am Tommye and my hometown is Johnstown in Ohio. Licking, county is where I grew up, and now I need a no collateral loan in Ohio for $40000 to buy a big ticket item. It wasn’t easy, but The Johnstown Bank really came through for me with this loan for 9.4% interest APR and a term of 5 years. I can repay the loan over the 5 year term, including interest. A big thanks to The Johnstown Bank for trusting me and my excellent credit. It look me 8 years to build my credit to 807, and I won’t tarnish it any more. I am happy with Find Texas Loans for helping me this far.

Previous requests on Tommye’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$64350.00 5 8.6% $1323.34 The Vinton Banking Company December 6, 2012
$64390.00 11 6.6% $687.4 The Ohio Valley Bank Company August 12, 2013
$64210.00 6 7.5% $1110.2 The Citizens Bank December 20, 2013
$64300.00 10 8.3% $790.37 The Peoples Bank June 26, 2014

Contact Details for The Johnstown Bank, the provider of this no collateral loan

  • The Johnstown Bank
  • City: Johnstown
  • State: Ohio
  • Address: Main Street
  • County: Licking
  • Zip code: 43031

Several past requests for credit have been made by Tommye in the past, including one from DMB Community Bank in Johnstown, Ohio before Tommye was accepted for the $40000 by The Johnstown Bank

Tommye made 4 previous attempts to obtain a no collateral loan, 2 of which were with DMB Community Bank, a lender in Johnstown, Ohio known to specialize in no collateral loans specifically. Before finding The Johnstown Bank, Tommye was very concerned due to their inexperience and excellent credit score.

Tommye’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their professional sports scout job and their future job as a library consultant

Fico Score: 807

Before applying for this no collateral loan, Tommye had an Experian score of 822, which is excellent, so The Johnstown Bank probably cannot provide Tommye a no collateral loan

Experian Score: 822

Tommye’s Transunion score was changed by the no collateral loan loan, changing to 792 from 807, which is normal in our experience.

Transunion Score: 792

Signature Loan easily acquired in Johnstown, Ohio for $40000 with excellent credit by Tommye

A lot of prospective borrowers have difficulty with obtaining signature loans in Johnstown, Ohio, and Tommye is not an exception. Tommye went to 5 lending institutions or more prior to finding The Johnstown Bank, who offered Tommye a signature loan for $40000. Typical signature loans simply require a client, like Tommye’s signature to get them, up to $35,000 in some cases. Tommye was able to get $40000 as a no collateral loan, which is very high for a no collateral loan. Since signature loans don’t require collateral, they tend to require higher credit, as high as 727

Conclusion of Tommye’s no collateral loan

In the end, Tommye was able to find a no collateral loan for $40000 with an interest rate of 11.0% interest APR from The Johnstown Bank in Johnstown, Ohio repayable over 5 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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