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Yun Needed An Unsecured Loan For $48000, Malden, Missouri

$48000 Unsecured Loan – Malden Missouri, Credit Score Of 715

  • Experian: 727 – They had a good Experian rating
  • Transunion: 701 – Yun had a good credit rating with Transunion.
  • Equifax: Yun’s Experian score was 715, which is a good credit score with the Experian system.

Signature Loan acquired in Malden, Missouri for $48000 with good credit by Yun

Most prospective borrowers struggle with obtaining signature loans in Malden, Missouri, and Yun is not an exception. Yun went to 8 lending institutions or more before settling on Malden State Bank, who offered Yun a signature loan for $48000. Most signature loans simply require a client, like Yun’s signature to obtain them, up to $30,000 in some cases. Yun was able to get $48000 as a unsecured loan, which is very high for an unsecured loan. Since signature loans don’t require collateral, they generally require improved credit, as high as 786

Installment loan for Yun, a graduate of Rosemead Beauty School and a radiologist working for over $65,000 per year

Yun, an alumnus at Rosemead Beauty School and a radiologist in Malden, Missouri needs an unsecured loan to purchase a new cell phone. Yun has instead chosen to get an installment loan for $18,000 and is at present seeking lenders like Commerce Bank of Tower Grove to process their request.

Client Profile: Yun Warga of Malden, Missouri
  • Full name (Changed if requested): Yun Warga
  • Current Credit: loans.hit.utils.Fico@7cd84586
  • Current City: Malden
  • State: Missouri
  • Zip code: 63866
  • Yearly income: $39,000
  • Current Job: radiologist
  • Current County: Dunklin
  • Goal Yearly Income: $88,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Contact Details for Malden State Bank, the provider of this unsecured loan

  • Malden State Bank
  • City: Malden
  • State: Missouri
  • Address: Main Street
  • County: Dunklin
  • Zip code: 63863

Yun has a sad current gross income, but has a high number of prospects

Yun has always wanted to be a bank examiner, but would have to attend Rosemead Beauty School again to become one. Yun has other prospects as well, including pressing machine operator, mining machine operator, and transportation systems design engineer, which pay $53,000 through to $93,000 per year, on average. Because of this, we think that Yun can pay for this unsecured loan of $48000.

Paraphrased and Standardized Quote from Yun for this unsecured loan of $48000, provided by Malden State Bank

Hi, I am Yun and I’m from Malden in Missouri. Dunklin, county is where I grew up, and now I need a unsecured loan in Missouri for $48000 to pay bills. It wasn’t easy, but Malden State Bank really came through for me with this loan for 8.3% interest APR and a term of 8 years. I can probably repay the loan over the 8 year term, including interest. A big thanks to Malden State Bank for giving me a chance and my good credit. It look me 8 years to create my credit to 715, and I won’t harm it any future. I am happy with Find Texas Loans for helping me this far.

Previous requests on Yun’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$117630.00 6 8.8% $2108.69 Camden County Bank October 14, 2011
$118450.00 11 9.8% $1469.61 Glasgow Savings Bank March 31, 2013
$118220.00 4 9.3% $2958.78 Central Bank May 7, 2013
$118170.00 4 10.3% $3014.15 Midwest BankCentre February 14, 2014

Before applying for this unsecured loan, Yun had an Experian score of 727, which is good, so Malden State Bank likely cannot provide Yun an unsecured loan

Experian Score: 727

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans range from $24,000.00 to $44,000.00. They are typically used to pay off existing high interest loans like credit cards. Yun needed a debt consolidation loan to pay for their existing unsecured loan and their credit card. Yun was able to find a unsecured loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your bad, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 2.0%.

Fast Loans for Yun in Malden, Missouri to prevent bankruptcy or harm from debt collectors.

Fast loans in Malden, Missouri aren’t actually that difficult to obtain, particularly if you have some finesse like Yun. Yun was able to find a fast loan for $48000 from Allegiant Bank and Bank of Craig, but declined both offers in favor of their unsecured loan from Malden State Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. An improvement if a borrower is in a time sensitive situation.

Several other requests for credit have been made by Yun in the past, including one from West Olympia Bank in Malden, Missouri before Yun was accepted for the $48000 by Malden State Bank

Yun made 6 prior attempts to obtain an unsecured loan, 2 of which were with West Olympia Bank, a lender in Malden, Missouri known to specialize in unsecured loans specifically. Prior to finding Malden State Bank, Yun was concerned due to their inexperience and good credit score.

Yun’s Transunion score was altered by the unsecured loan loan, changing to 701 from 715, which is normal in our experience.

Transunion Score: 701

Yun was not approved by Commerce Bank of Richmond Heights 7 times before being granted funding by Malden State Bank at Main Street

On April 8, 2012, Yun applied about borrowing $10,000 from Normandy Bank with Alanna, their in law from just outside Malden, and even with the co-signer, Yun was rejected for this unsecured loan. With good credit, it can be a challenge to obtain financing, even with collateral and a co-signer.

9 Months in the Past, Yun Tried Finding a High Risk Loan for $43,000.00, and it was Hard

There is an existing struggle for borrowers to get high risk loans in a safe way. Many high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Yun. Yun chose not to get a high risk loan this time. High Risk loans are given to bad credit applicants. Clients with credit ratings as low as 397 can inquire for a high risk loan and have a chance to be accepted.

When Yun was 23, they tried to obtain a student loan from 5 different lenders, which harmed their credit score. Below is a chronology of Yun’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $32,000.00 on February 25, 2012
  • Attempt 2) Loan for $31,000.00 on May 15, 2009
  • Attempt 3) Loan for $27,000.00 on March 16, 2009
  • Attempt 4) Loan for $28,000.00 on July 30, 2011
  • Attempt 5) Loan for $27,000.00 on January 26, 2011

Personal Loan for a radiologist named Yun in Malden, Missouri to Pay Off Salmon Nation Visa

Yun had a lot of credit card debt on their Apple Barclaycard Financing Visa Card and their Cincinnati Reds World MasterCard with Extra Bases Rewards, and they were starting to get in over their heads. Despite Yun’s job as a radiologist, they struggled to make payments on the $20,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Yun’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their radiologist job and their future career as a bank examiner

Fico Score: 715

Conclusion of Yun’s unsecured loan

In the end, Yun was able to find an unsecured loan for $48000 with an interest rate of 5.1% interest APR from Malden State Bank in Malden, Missouri repayable over 8 years from now.

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.