$80000 Unsecured Loan – West Plains Missouri, Credit Score Of 446
- Experian: 464 – This client had a bad Experian rating
- Transunion: 427 – Shawn had a bad credit score with Transunion.
- Equifax: Shawn’s Experian score was 446, which is a bad credit rating on the Experian rating scheme.
Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt
Most debt consolidation loans range from $28,000.00 to $43,000.00. They are normally used to pay off existing high interest loans like credit cards. Shawn required a debt consolidation loan to pay for their existing unsecured loan and their loan shark loan. Shawn was able to find a unsecured loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your dirty, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 3.8%.
Previous requests on Shawn’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$69170.00||9||5.1%||$799.99||Camden County Bank||April 6, 2012|
|$69340.00||10||11.7%||$982.84||Glasgow Savings Bank||July 31, 2013|
|$69430.00||3||8.6%||$2194.95||Central Bank||October 22, 2013|
|$68530.00||11||10.7%||$885.35||Midwest BankCentre||March 20, 2014|
Before applying for this unsecured loan, Shawn had an Experian score of 464, which is bad, so Community First Banking Company probably cannot provide Shawn an unsecured loan
Shawn’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their public transportation inspector job and their future career as an industrial hygienist
7 Months in the Past, Shawn Tried to Find a High Risk Loan for $41,000.00, but They Didn’t Find What They were Expecting
There is an existing struggle for clients to get high risk loans in a non-harmful way. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Shawn. Shawn chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit individuals. Clients with credit scores as low as 307 can inquire for a high risk loan and possibly can be approved.
Shawn was rejected by Normandy Bank 5 times prior to being granted funding by Community First Banking Company at 1330 Southern Hills Center
On September 16, 2012, Shawn inquired about borrowing $18,000 from Southern Commercial Bank with Hans, their in law from just outside West Plains, and even with the co-signer, Shawn was rejected for this unsecured loan. With bad credit, it can be difficult to obtain financing, even with collateral and a co-signer.
Shawn’s Transunion score was changed by the unsecured loan loan, changing to 427 from 446, which is normal in our experience.
- Full name (Changed if requested): Shawn Derito
- Current Credit: loans.hit.utils.Fico@4edde6e5
- Current City: West Plains
- State: Missouri
- Zip code: 65784
- Yearly income: $67,000
- Current Job: public transportation inspector
- Current County: Howell
- Goal Yearly Income: $135,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000
Fast Loans for Shawn in West Plains, Missouri to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in West Plains, Missouri aren’t actually that difficult to obtain, particularly if you have some finesse like Shawn. Shawn was able to find a fast loan for $80000 from Boatmen’s Bank of Webster Groves and Bank of Craig, but declined both offers in favor of their unsecured loan from Community First Banking Company. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. Much better if a client is on the go.
Shawn has a sad current gross income, but has a high number of prospects
Shawn has always wanted to be an industrial hygienist, but would need attend York Technical College again to achieve it. Shawn has other prospects as well, including casino dealer, mill worker, and athletic director, which pay $51,000 through to $104,000 per year, on average. Because of this, we believe that Shawn can pay for this unsecured loan of $80000.
Paraphrased and Standardized Quote from Shawn for this unsecured loan of $80000, provided by Community First Banking Company
Hi, I am Shawn and I am from West Plains in Missouri. Howell, county is where I grew up, and now I need a unsecured loan in Missouri for $80000 to pay bills. It has been difficult, but Community First Banking Company really came through for me with this loan for 6.5% interest APR and a term of 6 years. I will repay the loan over the 6 year term, including interest. A big thanks to Community First Banking Company for trusting me and my bad credit. It look me 8 years to create my credit to 446, and I won’t harm it any more. I am pleased with Find Texas Loans for helping me this far.
When Shawn was 20, they attempted to obtain a student loan from 7 alternate banks, which damaged their credit rating. Below is a list of Shawn’s prior attempts at finding a student loan:
- Attempt 1) Loan for $34,000.00 on June 7, 2013
- Attempt 2) Loan for $35,000.00 on December 8, 2008
- Attempt 3) Loan for $33,000.00 on February 18, 2011
- Attempt 4) Loan for $31,000.00 on May 11, 2011
- Attempt 5) Loan for $29,000.00 on November 12, 2012
- Attempt 6) Loan for $30,000.00 on June 11, 2009
- Attempt 7) Loan for $27,000.00 on April 30, 2013
Signature Loan easily acquired in West Plains, Missouri for $80000 with bad credit by Shawn
A lot of borrowers have difficulty with obtaining signature loans in West Plains, Missouri, and Shawn is not an exception. Shawn went to 6 lending institutions or more prior to settling on Community First Banking Company, who offered Shawn a signature loan for $80000. Most signature loans simply require a client, like Shawn’s signature to obtain them, up to $28,000 in some cases. Shawn was able to get $80000 as a unsecured loan, which is very high for an unsecured loan. Since signature loans don’t require a cosigner, they tend to need higher credit, as high as 738
Contact Details for Community First Banking Company, the provider of this unsecured loan
- Community First Banking Company
- City: West Plains
- State: Missouri
- Address: 1330 Southern Hills Center
- County: Howell
- Zip code: 65775
Many past requests for credit have been made by Shawn in the past, including one from Bank of the James in West Plains, Missouri before Shawn was approved for the $80000 by Community First Banking Company
Shawn made 8 previous attempts to obtain an unsecured loan, 2 of which were with Bank of the James, a bank in West Plains, Missouri known to specialize in unsecured loans specifically. Before finding Community First Banking Company, Shawn was concerned due to their inexperience and bad credit score.
Personal Loan for a public transportation inspector named Shawn in West Plains, Missouri to Pay Off Bethpage FCU MasterCard Platinum Rewards Credit Card
Shawn had a tonne of credit card debt on their Arhaus Credit Card and their Brooks Brothers Platinum MasterCard, and they were starting to get in over their heads. Despite Shawn’s job as a public transportation inspector, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Installment loan for Shawn, a graduate of York Technical College and a public transportation inspector working for over $72,000 per year
Shawn, an alumnus at York Technical College and a public transportation inspector in West Plains, Missouri needs an unsecured loan to purchase a new cell phone. Shawn has instead chosen to obtain an installment loan for $26,000 and is at present seeking lenders like Boatmen’s Bank of Southwest Missouri to process their request.
Conclusion of Shawn’s unsecured loan
In the end, Shawn was able to find an unsecured loan for $80000 with an interest rate of 5.4% interest APR from Community First Banking Company in West Plains, Missouri repayable over 6 years from now.