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Unsecured Loan Of $78000 For Excellent Credit Iowa Resident

$78000 Unsecured Loan – Ottumwa Iowa, Credit Rating Of 822

  • Experian: 841 – This client had an excellent Experian rating
  • Transunion: 808 – Tyler had an excellent credit rating with Transunion.
  • Equifax: Tyler’s Experian score was 822, which is an excellent credit score on the Experian scale.

Personal Loan for a casino cashier named Tyler in Ottumwa, Iowa to Pay Off Barclaycard Visa with Apple Rewards

Tyler had a lot of credit card debt on their Garden State Community Bank Platinum Edition Visa Card and their LANPASS Visa Signature Card, and they were starting to get in over their heads. Despite Tyler’s job as a casino cashier, they struggled to make payments on the $20,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Before applying for this unsecured loan, Tyler had an Experian score of 841, which is excellent, so Peoples Federal Savings Association likely cannot provide Tyler an unsecured loan

Experian Score: 841

9 Months in the Past, Tyler Attempted Finding a High Risk Loan for $38,000.00, but They Didn’t Find What They were Expecting

It is an existing struggle for borrowers to find 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 Tyler. Tyler chose not to get a high risk loan this time. High Risk loans are given to bad credit individuals. Clients with credit scores as low as 448 can inquire for a high risk loan and may be be accepted.

Contact Details for Peoples Federal Savings Association, the provider of this unsecured loan

  • Peoples Federal Savings Association
  • City: Ottumwa
  • State: Iowa
  • Address: 107 South Court
  • County: Wapello
  • Zip code: 52501

When Tyler was 21, they attempted to obtain a student loan from 5 different lenders, which damaged their credit rating. Below is a chronology of Tyler’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $23,000.00 on July 11, 2012
  • Attempt 2) Loan for $34,000.00 on July 4, 2009
  • Attempt 3) Loan for $36,000.00 on June 28, 2010
  • Attempt 4) Loan for $22,000.00 on October 17, 2009
  • Attempt 5) Loan for $21,000.00 on January 16, 2009

Fast Loans for Tyler in Ottumwa, Iowa to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Ottumwa, Iowa aren’t actually that difficult to obtain, particularly if you have some finesse like Tyler. Tyler was able to find a fast loan for $78000 from American Interstate Bank and Raccoon Valley State Bank, but declined both offers in favor of their unsecured loan from Peoples Federal Savings Association. The improvement with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. An improvement in the case that a borrower is in a time sensitive situation.

Multiple past requests for credit have been made by Tyler in the past, including one from Southwest National Bank in Ottumwa, Iowa before Tyler was approved for the $78000 by Peoples Federal Savings Association

Tyler made 4 prior attempts to obtain an unsecured loan, 2 of which were with Southwest National Bank, a bank in Ottumwa, Iowa known to specialize in unsecured loans specifically. Prior to finding Peoples Federal Savings Association, Tyler was concerned due to their inexperience and excellent credit score.

Installment loan for Tyler, a graduate of Cornerstone University and a casino cashier working for over $63,000 per year

Tyler, an alumnus at Cornerstone University and a casino cashier in Ottumwa, Iowa wants an unsecured loan to purchase a car. Tyler has instead chosen to get an installment loan for $29,000 and is at present seeking lenders like Peoples Savings Bank to provide it.

Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans range from $20,000.00 to $47,000.00. They are mainly used to pay off existing high interest loans like credit cards. Tyler needed a debt consolidation loan to pay for their existing unsecured loan and their credit card. Tyler was able to find a unsecured loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which changes your dirty, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 2.1%.

Tyler’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their casino cashier job and their future job as a boat builder

Fico Score: 822

Paraphrased and Standardized Quote from Tyler for this unsecured loan of $78000, provided by Peoples Federal Savings Association

Hi, I am Tyler and I’m from Ottumwa in Iowa. Wapello, county is where I grew up, and now I need a unsecured loan in Iowa for $78000 to pay bills. It has been difficult, but Peoples Federal Savings Association really came through for me with this loan for 7.6% interest APR and a term of 13 years. I can probably repay the loan over the 13 year term, including interest. A big thanks to Peoples Federal Savings Association for giving me a chance and my excellent credit. It look me 4 years to create my credit to 822, and I won’t tarnish it any more. I am happy with Find Texas Loans for assisting me this far.

Tyler was not approved by Raccoon Valley Bank 7 times prior to being accepted by Peoples Federal Savings Association at 107 South Court

On June 8, 2009, Tyler inquired about borrowing $9,000 from Solon State Bank with Anthony, their in law from just outside Ottumwa, and even with the co-signer, Tyler was rejected for this unsecured loan. With excellent credit, it can be a challenge to obtain financing, even with collateral and a co-signer.

Signature Loan acquired in Ottumwa, Iowa for $78000 with excellent credit by Tyler

A lot of prospective borrowers have difficulty with obtaining signature loans in Ottumwa, Iowa, and Tyler is no different. Tyler went to 4 lending institutions or more prior to finding Peoples Federal Savings Association, who offered Tyler a signature loan for $78000. Typical signature loans simply require a client, like Tyler’s signature to get them, up to $42,000 in some cases. Tyler was able to get $78000 as a unsecured loan, which is very high for an unsecured loan. Since signature loans don’t require collateral, these loans tend to need better credit, as high as 712

Tyler has a disappointing current gross income, but has a large amount of prospects

Tyler has always wanted to be a boat builder, but would need attend Cornerstone University again to become one. Tyler has other prospects as well, including photographic equipment mechanic, foreign service officer, and stained glass artist, which pay $51,000 through to $97,000 per year, on average. For this reason, we believe that Tyler can afford this unsecured loan of $78000.

Tyler’s Transunion score was altered by the unsecured loan loan, changing to 808 from 822, which is typical in our experience.

Transunion Score: 808

Previous requests on Tyler’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$66200.00 6 7.4% $1141.4 Mills County Bank National Association November 8, 2008
$65890.00 7 5.2% $937.49 Postville State Bank June 7, 2010
$65860.00 11 9.5% $806.04 Washington State Bank September 1, 2014
$66390.00 3 5.1% $1992.75 Rippey Savings Bank October 23, 2014
$66490.00 9 7.5% $848.48 Iowa State Bank May 5, 2015
Client Profile: Tyler Lamartina of Ottumwa, Iowa
  • Full name (Changed if requested): Tyler Lamartina
  • Current Credit: loans.hit.utils.Fico@34c45dca
  • Current City: Ottumwa
  • State: Iowa
  • Zip code: 52506
  • Yearly income: $51,000
  • Current Job: casino cashier
  • Current County: Wapello
  • Goal Yearly Income: $98,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Conclusion of Tyler’s unsecured loan

In the end, Tyler was able to find an unsecured loan for $78000 with an interest rate of 7.5% interest APR from Peoples Federal Savings Association in Ottumwa, Iowa repayable over 13 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.