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Unsecured Loan Of $30000 For Good Credit Illinois Resident

$30000 Unsecured Loan – Chicago Illinois, Credit Rating Of 601

  • Experian: 616 – This individual had a good Experian score
  • Transunion: 583 – Clyde had a good credit rating with Transunion.
  • Equifax: Clyde’s Experian score was 601, which is a good credit score on the Experian system.

Before applying for this unsecured loan, Clyde had an Experian score of 616, which is good, so The Drovers’ National Bank of Chicago most likely cannot provide Clyde an unsecured loan

Experian Score: 616

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

Fast loans in Chicago, Illinois aren’t actually that difficult to obtain, particularly if you have some gumption like Clyde. Clyde was able to find a fast loan for $30000 from Citizens State Bank of Milford and Citizens State Bank of Milford, but turned down both offers in favor of their unsecured loan from The Drovers’ National Bank of Chicago. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. A big difference in the case that a client is in a time sensitive situation.

Clyde has a very low current yearly income, but has a high number of prospects

Clyde has always wanted to be a psychology professor, but would have to attend Missouri Baptist University again to become one. Clyde has other possibilities as well, including financial services sales agent, dermatologist, and travel writer, which pay $50,000 through to $94,000 per year, at least. For this reason, we believe that Clyde can afford this unsecured loan of $30000.

8 Months in the Past, Clyde Attempted to Find a High Risk Loan for $36,000.00, but They Didn’t Find What They were Expecting

It is an well known struggle for clients to find high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Clyde. Clyde decided not to obtain a high risk loan this time. High Risk loans are given to very low credit borrowers. Individuals with credit scores as low as 492 can apply for a high risk loan and may be be approved.

Clyde’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their horticulturist job and their future job as a psychology professor

Fico Score: 601

Previous requests on Clyde’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$92570.00 9 11.1% $1359.04 The Gerber State Bank June 24, 2012
$93260.00 8 9.3% $1380.84 The Belvidere National Bank and Trust Company June 20, 2014
$93160.00 10 7.1% $1086.47 Commerce Bank January 5, 2015
$93170.00 5 6.7% $1831.72 Byron Bank May 9, 2015
$93390.00 11 5.7% $953.95 Amalgamated Bank of Chicago August 1, 2015
Client Profile: Clyde Steinbaugh of Chicago, Illinois
  • Full name (Changed if requested): Clyde Steinbaugh
  • Current Credit: loans.hit.utils.Fico@1a6c5a9e
  • Current City: Chicago
  • State: Illinois
  • Zip code: 60617
  • Yearly income: $44,000
  • Current Job: horticulturist
  • Current County: Cook
  • Goal Yearly Income: $105,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Many past requests for credit have been made by Clyde in the past, including one from Fleet Bank, National Association in Chicago, Illinois before Clyde was accepted for the $30000 by The Drovers’ National Bank of Chicago

Clyde made 4 previous attempts to obtain an unsecured loan, 2 of which were with Fleet Bank, National Association, a lender in Chicago, Illinois known to specialize in unsecured loans specifically. Prior to finding The Drovers’ National Bank of Chicago, Clyde was desperate due to their inexperience and good credit score.

When Clyde was 21, they attempted to obtain a student loan from 7 alternate banks, which harmed their credit score. Below is a chronology of Clyde’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $37,000.00 on November 9, 2012
  • Attempt 2) Loan for $35,000.00 on September 25, 2009
  • Attempt 3) Loan for $20,000.00 on June 19, 2011
  • Attempt 4) Loan for $20,000.00 on October 18, 2011
  • Attempt 5) Loan for $27,000.00 on February 22, 2009
  • Attempt 6) Loan for $36,000.00 on July 26, 2012
  • Attempt 7) Loan for $33,000.00 on November 6, 2012

Clyde was rejected by State Bank of Niantic 6 times before being approved by The Drovers’ National Bank of Chicago at 1542 West 47th Street

On March 15, 2009, Clyde applied about borrowing $7,000 from First Chicago Bank of Oak Park with Ahmed, their in law from just outside Chicago, and even with the co-signer, Clyde was rejected for this unsecured loan. With good credit, it can be challenging to procure funding, even with collateral and a co-signer.

Contact Details for The Drovers’ National Bank of Chicago, the provider of this unsecured loan

  • The Drovers’ National Bank of Chicago
  • City: Chicago
  • State: Illinois
  • Address: 1542 West 47th Street
  • County: Cook
  • Zip code: 60609

Installment loan for Clyde, a graduate of Missouri Baptist University and a horticulturist working for over $73,000 per year

Clyde, an alumnus at Missouri Baptist University and a horticulturist in Chicago, Illinois needs an unsecured loan to purchase a car. Clyde has instead decided to get an installment loan for $2,000 and is currently seeking lenders like Mercantile National Bank of Chicago to process their request.

Personal Loan for a horticulturist named Clyde in Chicago, Illinois to Pay Off Lufthansa Miles & More Premier World MasterCard

Clyde had a lot of credit card debt on their Tampa Bay Rays World MasterCard with Extra Bases Rewards and their Reach Out and Read Visa Card, and they were starting to get in over their heads. Despite Clyde’s job as a horticulturist, they struggled to make payments on the $23,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Clyde’s Transunion score was changed by the unsecured loan loan, changing to 583 from 601, which is typical in our experience.

Transunion Score: 583

Signature Loan acquired in Chicago, Illinois for $30000 with good credit by Clyde

Most clients struggle with obtaining signature loans in Chicago, Illinois, and Clyde is no exception. Clyde went to 5 lending institutions or more prior to finding The Drovers’ National Bank of Chicago, who offered Clyde a signature loan for $30000. Most signature loans simply require a client, like Clyde’s signature to get them, up to $37,000 in some cases. Clyde was able to get $30000 as a unsecured loan, which is very high for an unsecured loan. Since signature loans do not require collateral, they tend to require higher credit, as high as 732

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

Most debt consolidation loans range from $24,000.00 to $56,000.00. They are typically used to pay off existing high interest loans like credit cards. Clyde required a debt consolidation loan to pay for their existing unsecured loan and their loan shark loan. Clyde was able to find a unsecured loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which converts your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 2.7%.

Paraphrased and Standardized Quote from Clyde for this unsecured loan of $30000, provided by The Drovers’ National Bank of Chicago

Hello, I am Clyde and I’m from Chicago in Illinois. Cook, county is where I grew up, and now I need a unsecured loan in Illinois for $30000 to buy a big ticket item. It has been difficult, but The Drovers’ National Bank of Chicago really came through for me with this loan for 8.1% interest APR and a term of 17 years. I can probably repay the loan over the 17 year term, including interest. A big thanks to The Drovers’ National Bank of Chicago for giving me a chance and my good credit. It look me 8 years to create my credit to 601, and I won’t harm it any future. I’m pleased with Find Texas Loans for helping me this far.

Conclusion of Clyde’s unsecured loan

In the end, Clyde was able to find an unsecured loan for $30000 with an interest rate of 8.5% interest APR from The Drovers’ National Bank of Chicago in Chicago, Illinois repayable over 17 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.