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Vella Needed A No Collateral Loan For $111000, Sherwood, Ohio

$111000 No Collateral Loan – Sherwood Ohio, Credit Score Of 519

  • Experian: 531 – The client had a fair Experian score
  • Transunion: 501 – Vella had a fair credit rating with Transunion.
  • Equifax: Vella’s Experian score was 519, which is a fair credit rating with the Experian system.

Multiple other requests for credit have been made by Vella in the past, including one from PNC Bank, Northeast PA in Sherwood, Ohio before Vella was accepted for the $111000 by The Sherwood State Bank

Vella made 4 prior attempts to obtain a no collateral loan, 2 of which were with PNC Bank, Northeast PA, a lender in Sherwood, Ohio known to specialize in no collateral loans specifically. Before finding The Sherwood State Bank, Vella was concerned due to their inexperience and fair credit score.

When Vella was 24, they tried to obtain a student loan from 7 alternate banks, which damaged their credit score. Below is a list of Vella’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $27,000.00 on June 3, 2010
  • Attempt 2) Loan for $25,000.00 on September 17, 2012
  • Attempt 3) Loan for $36,000.00 on March 15, 2012
  • Attempt 4) Loan for $39,000.00 on May 20, 2011
  • Attempt 5) Loan for $25,000.00 on July 18, 2011
  • Attempt 6) Loan for $28,000.00 on April 28, 2013
  • Attempt 7) Loan for $39,000.00 on March 18, 2010

Vella was not approved by The Apple Creek Banking Company 4 times before being granted funding by The Sherwood State Bank at 105 North Harrison Street

On September 14, 2011, Vella inquired about borrowing $27,000 from The First National Bank of Nelsonville with Randy, their in law from just outside Sherwood, and even with the co-signer, Vella was rejected for this no collateral loan. With fair credit, it can be challenging to obtain funding, even with collateral and a co-signer.

Vella’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their criminal justice professor job and their future job as a film laboratory technician

Fico Score: 519

Installment loan for Vella, a graduate of William Woods University and a criminal justice professor working for over $71,000 per year

Vella, an alumnus at William Woods University and a criminal justice professor in Sherwood, Ohio needs a no collateral loan to purchase a new cell phone. Vella has instead chosen to get an installment loan for $9,000 and is at present seeking lenders like The Liberty State Bank to process their request.

Vella’s Transunion score was altered by the no collateral loan loan, changing to 501 from 519, which is typical in our experience.

Transunion Score: 501

Vella has a low current gross income, but has a large amount of prospects

Vella has always wanted to be a film laboratory technician, but would need attend William Woods University again to become one. Vella has other possibilities as well, including property accountant, industrial hygienist, and automotive glass installer, which pay $50,000 through to $105,000 per year, on average. For this reason, we believe that Vella can pay for this no collateral loan of $111000.

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

  • The Sherwood State Bank
  • City: Sherwood
  • State: Ohio
  • Address: 105 North Harrison Street
  • County: Defiance
  • Zip code: 43556
Client Profile: Vella Mcphatter of Sherwood, Ohio
  • Full name (Changed if requested): Vella Mcphatter
  • Current Credit: loans.hit.utils.Fico@70177ecd
  • Current City: Sherwood
  • State: Ohio
  • Zip code: 43557
  • Yearly income: $36,000
  • Current Job: criminal justice professor
  • Current County: Defiance
  • Goal Yearly Income: $123,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Fast Loans for Vella in Sherwood, Ohio to prevent bankruptcy or harm from debt collectors.

Fast loans in Sherwood, Ohio aren’t actually that difficult to obtain, particularly if you have some gumption like Vella. Vella was able to find a fast loan for $111000 from The Home Banking Company and The Commercial and Savings Bank Company, but turned down both offers in favor of their no collateral loan from The Sherwood State Bank. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. An improvement if a borrower is in a pinch.

Previous requests on Vella’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$129900.00 6 9.7% $2386.9 The Vinton Banking Company September 12, 2010
$129890.00 5 10.6% $2798.28 The Ohio Valley Bank Company December 14, 2010
$130160.00 9 5.6% $1537.05 The Citizens Bank March 1, 2013
$130250.00 3 6.5% $3992.03 The Peoples Bank April 1, 2014

8 Months Ago, Vella Attempted to Find a High Risk Loan for $31,000.00, but They Didn’t Find What They were Expecting

It is an existing struggle for borrowers to find high risk loans in a safe way. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Vella. Vella chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit borrowers. Clients with credit scores as low as 444 can apply for a high risk loan and may be be accepted.

Paraphrased and Standardized Quote from Vella for this no collateral loan of $111000, provided by The Sherwood State Bank

Hello, I am Vella and I’m from Sherwood in Ohio. Defiance, county is where I grew up, and now I need a no collateral loan in Ohio for $111000 to pay bills. It wasn’t easy, but The Sherwood State Bank really came through for me with this loan for 6.5% interest APR and a term of 5 years. I can probably repay the loan over the 5 year term, including interest. A big thanks to The Sherwood State Bank for trusting me and my fair credit. It look me 5 years to build my credit to 519, and I won’t harm it any future. I’m happy with Find Texas Loans for helping me this far.

Signature Loan acquired in Sherwood, Ohio for $111000 with fair credit by Vella

Most borrowers have difficulty with finding signature loans in Sherwood, Ohio, and Vella is no different. Vella went to 8 lending institutions or more before finding The Sherwood State Bank, who offered Vella a signature loan for $111000. Most signature loans simply require a client, like Vella’s signature to get them, up to $49,000 in some cases. Vella was able to get $111000 as a no collateral loan, which is very high for a no collateral loan. Because signature loans don’t require a cosigner, these loans tend to require higher credit, as high as 730

Before applying for this no collateral loan, Vella had an Experian score of 531, which is fair, so The Sherwood State Bank likely cannot provide Vella a no collateral loan

Experian Score: 531

Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans vary from $35,000.00 to $44,000.00. They are normally used to pay off existing high interest loans like credit cards. Vella required a debt consolidation loan to pay for their existing no collateral loan and their loan shark loan. Vella was able to find a no collateral loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your less desirable, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 3.5%.

Personal Loan for a criminal justice professor named Vella in Sherwood, Ohio to Pay Off United Airlines Mileage Plus Select Visa Card

Vella had a tonne of credit card debt on their Navy Federal Credit Union Flagship Rewards Visa and their PenFed Defender Visa Signature Card, and they were starting to get in over their heads. Despite Vella’s job as a criminal justice professor, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Conclusion of Vella’s no collateral loan

In the end, Vella was able to find a no collateral loan for $111000 with an interest rate of 11.4% interest APR from The Sherwood State Bank in Sherwood, 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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