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Unsecured Loan For $100000 Near 60501, Illinois With A Credit Score Of 598

$100000 Unsecured Loan – Summit Illinois, Credit Rating Of 598

  • Experian: 612 – This client had a fair Experian score
  • Transunion: 579 – Imelda had a fair credit score with Transunion.
  • Equifax: Imelda’s Experian score was 598, which is a fair credit score using the Experian rating scheme.

Installment loan for Imelda, a graduate of Shear Excellence Hair Academy and a facilities planner working for over $67,000 per year

Imelda, an alumnus at Shear Excellence Hair Academy and a facilities planner in Summit, Illinois wants an unsecured loan to purchase a house. Imelda has instead decided to obtain an installment loan for $24,000 and is currently seeking lenders like Peoples National Bank of Kewanee to provide it.

When Imelda was 19, they tried to obtain a student loan from 7 alternate lenders, which harmed their credit score. Below is a list of Imelda’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $24,000.00 on February 10, 2010
  • Attempt 2) Loan for $24,000.00 on July 16, 2013
  • Attempt 3) Loan for $20,000.00 on December 7, 2010
  • Attempt 4) Loan for $27,000.00 on May 27, 2011
  • Attempt 5) Loan for $20,000.00 on November 20, 2008
  • Attempt 6) Loan for $21,000.00 on July 27, 2011
  • Attempt 7) Loan for $21,000.00 on August 28, 2010

Previous requests on Imelda’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$101230.00 10 7.4% $1196.34 The Gerber State Bank October 22, 2008
$101270.00 5 10.4% $2171.67 The Belvidere National Bank and Trust Company May 19, 2011
$101430.00 10 9.5% $1312.48 Commerce Bank December 10, 2011
$101230.00 5 10.2% $2160.81 Byron Bank September 14, 2012

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

Imelda has always wanted to be a health care facilities inspector, but would need attend Shear Excellence Hair Academy again to achieve it. Imelda has other possibilities as well, including artillery and missile crew member, operations management analyst, and home health aide, which pay $53,000 through to $107,000 per year, at least. For this reason, we believe that Imelda can afford this unsecured loan of $100000.

Imelda’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their facilities planner job and their future job as a health care facilities inspector

Fico Score: 598

Personal Loan for a facilities planner named Imelda in Summit, Illinois to Pay Off Lufthansa Miles & More World MasterCard

Imelda had a tonne of credit card debt on their Green Bay Packers NFL Extra Points Visa Signature Card and their First Internet Bank CONNECT Select Visa, and they were starting to get in over their heads. Despite Imelda’s job as a facilities planner, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

8 Months in the Past, Imelda Attempted Finding a High Risk Loan for $28,000.00, and it was Easy

It is an ongoing struggle for clients to get high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Imelda. Imelda chose not to get a high risk loan this time. High Risk loans are given to terrible credit individuals. Borrowers with credit scores as low as 476 can apply for a high risk loan and have a chance to be approved.

Before applying for this unsecured loan, Imelda had an Experian score of 612, which is fair, so Summit First Federal Savings and Loan Association probably cannot provide Imelda an unsecured loan

Experian Score: 612

Signature Loan easily acquired in Summit, Illinois for $100000 with fair credit by Imelda

Many borrowers have difficulty with finding signature loans in Summit, Illinois, and Imelda is the same. Imelda went to 5 lending institutions or more prior to settling on Summit First Federal Savings and Loan Association, who offered Imelda a signature loan for $100000. Typical signature loans simply require a client, like Imelda’s signature to get them, up to $20,000 in some cases. Imelda was able to get $100000 as a unsecured loan, which is very high for an unsecured loan. Because signature loans don’t require collateral, they generally need improved credit, as high as 718

Paraphrased and Standardized Quote from Imelda for this unsecured loan of $100000, provided by Summit First Federal Savings and Loan Association

Hello, I am Imelda and I am from Summit in Illinois. Cook, county is where I grew up, and now I need a unsecured loan in Illinois for $100000 to avoid bankruptcy. It has been difficult, but Summit First Federal Savings and Loan Association really came through for me with this loan for 10.4% interest APR and a term of 11 years. I can probably repay the loan over the 11 year term, including interest. A big thanks to Summit First Federal Savings and Loan Association for giving me a chance and my fair credit. It look me 9 years to create my credit to 598, and I won’t tarnish it any future. I am happy with Find Texas Loans for helping me this far.

Imelda’s Transunion score was altered by the unsecured loan loan, changing to 579 from 598, which is normal in our experience.

Transunion Score: 579

Client Profile: Imelda Hirkaler of Summit, Illinois
  • Full name (Changed if requested): Imelda Hirkaler
  • Current Credit: loans.hit.utils.Fico@66a29884
  • Current City: Summit
  • State: Illinois
  • Zip code: 60509
  • Yearly income: $45,000
  • Current Job: facilities planner
  • Current County: Cook
  • Goal Yearly Income: $143,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

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

Fast loans in Summit, Illinois aren’t actually that difficult to obtain, especially if you have some finesse like Imelda. Imelda was able to find a fast loan for $100000 from Drexel National Bank and State Bank of Clearing, but declined both offers in favor of their unsecured loan from Summit First Federal Savings and Loan Association. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. A big difference if you are on the go.

Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans range from $33,000.00 to $42,000.00. They are mainly used to pay off existing high interest loans like credit cards. Imelda required a debt consolidation loan to pay for their existing unsecured loan and their credit card. Imelda was able to find a unsecured loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which transfers your bad, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 2.7%.

Several other requests for credit have been made by Imelda in the past, including one from Bank of Commerce in Summit, Illinois before Imelda was accepted for the $100000 by Summit First Federal Savings and Loan Association

Imelda made 7 previous tries to obtain an unsecured loan, 2 of which were with Bank of Commerce, a lender in Summit, Illinois known to specialize in unsecured loans specifically. Prior to finding Summit First Federal Savings and Loan Association, Imelda was very concerned due to their inexperience and fair credit score.

Imelda was declined by Drexel National Bank 4 times before being accepted by Summit First Federal Savings and Loan Association at 7447 West 63rd St

On December 16, 2013, Imelda inquired about borrowing $30,000 from Peoples National Bank of Kewanee with Kera, their friend from just outside Summit, and even with the co-signer, Imelda was rejected for this unsecured loan. With fair credit, it can be difficult to obtain funding, even with collateral and a co-signer.

Contact Details for Summit First Federal Savings and Loan Association, the provider of this unsecured loan

  • Summit First Federal Savings and Loan Association
  • City: Summit
  • State: Illinois
  • Address: 7447 West 63rd St
  • County: Cook
  • Zip code: 60501

Conclusion of Imelda’s unsecured loan

In the end, Imelda was able to find an unsecured loan for $100000 with an interest rate of 11.6% interest APR from Summit First Federal Savings and Loan Association in Summit, Illinois repayable over 11 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.