$12000 Direct Loan – Morganfield Kentucky, Credit Score Of 598
- Experian: 609 – The client had a fair Experian score
- Transunion: 583 – Kendal had a fair credit score with Transunion.
- Equifax: Kendal’s Experian score was 598, which is a fair credit score on the Experian scale.
Signature Loan acquired in Morganfield, Kentucky for $12000 with fair credit by Kendal
A lot of borrowers have difficulty with obtaining signature loans in Morganfield, Kentucky, and Kendal is the same. Kendal went to 4 lenders or more before settling on United Community Bank of West Kentucky, Inc., who offered Kendal a signature loan for $12000. Most signature loans simply need a client, like Kendal’s signature to obtain them, up to $46,000 in some cases. Kendal was able to get $12000 as a direct loan, which is very high for a direct loan. Since signature loans don’t need a cosigner, these loans tend to need better credit, as high as 787
When Kendal was 24, they attempted to obtain a student loan from 4 alternate banks, which harmed their credit rating. Below is a list of Kendal’s previous attempts at finding a student loan:
- Attempt 1) Loan for $38,000.00 on November 23, 2008
- Attempt 2) Loan for $32,000.00 on August 25, 2009
- Attempt 3) Loan for $35,000.00 on December 28, 2011
- Attempt 4) Loan for $20,000.00 on September 20, 2012
Paraphrased and Standardized Quote from Kendal for this direct loan of $12000, provided by United Community Bank of West Kentucky, Inc.
Hi, I am Kendal and I am from Morganfield in Kentucky. Union, county is where I grew up, and now I need a direct loan in Kentucky for $12000 to buy a big ticket item. It has been difficult, but United Community Bank of West Kentucky, Inc. really came through for me with this loan for 5.5% interest APR and a term of 3 years. I can repay the loan over the 3 year term, including interest. A big thanks to United Community Bank of West Kentucky, Inc. for giving me a chance and my fair credit. It look me 7 years to create my credit to 598, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for helping me this far.
Previous requests on Kendal’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$27890.00||4||9.2%||$696.7||Stock Yards Bank & Trust Company||September 6, 2009|
|$28400.00||10||11.7%||$402.55||Farmers Deposit Bank of Brandenburg||August 1, 2010|
|$27820.00||5||8.2%||$566.76||Citizens Bank||July 3, 2012|
|$27660.00||9||9.5%||$381.97||Citizens Bank & Trust Company, Burgin, Kentucky||August 3, 2013|
|$28470.00||3||5.5%||$859.68||Farmers National Bank||August 11, 2013|
Installment loan for Kendal, a graduate of Southern University and A & M College and a casino surveillance officer working for over $60,000 per year
Kendal, an alumnus at Southern University and A & M College and a casino surveillance officer in Morganfield, Kentucky needs a direct loan to purchase a house. Kendal has instead chosen to get an installment loan for $18,000 and is at present seeking lenders like Simpson County Bank to provide it.
9 Months in the Past, Kendal Tried to Find a High Risk Loan for $25,000.00, but They Didn’t Find What They were Expecting
It is an existing struggle for clients 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 Kendal. Kendal decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit individuals. Borrowers with credit ratings as low as 382 can inquire for a high risk loan and have a chance to be approved.
Many past requests for credit have been made by Kendal in the past, including one from Park State Bank & Trust in Morganfield, Kentucky before Kendal was approved for the $12000 by United Community Bank of West Kentucky, Inc.
Kendal made 6 previous attempts to obtain a direct loan, 2 of which were with Park State Bank & Trust, a lending institution in Morganfield, Kentucky known to specialize in direct loans specifically. Before finding United Community Bank of West Kentucky, Inc., Kendal was concerned due to their inexperience and fair credit score.
Kendal’s Overall FICO score at the time of acceptance for a direct loan, taking into account their casino surveillance officer job and their future career as a biology professor
Personal Loan for a casino surveillance officer named Kendal in Morganfield, Kentucky to Pay Off Navy FCU nRewards Secured Credit Card
Kendal had a tonne of credit card debt on their Key Bank Platinum MasterCard and their Associated Bank Visa Business Bonus Rewards Card, and they were starting to get in over their heads. Despite Kendal’s job as a casino surveillance officer, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Kendal’s Transunion score was changed by the direct loan loan, changing to 583 from 598, which is typical in our experience.
Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Normal debt consolidation loans range from $35,000.00 to $52,000.00. They are typically used to pay off existing high interest loans like credit cards. Kendal required a debt consolidation loan to pay for their existing direct loan and their payday loan. Kendal was able to find a direct loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your bad, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.5%.
Kendal has a very low current gross income, but has several of prospects
Kendal has always wanted to be a biology professor, but would have to attend Southern University and A & M College again to become one. Kendal has other prospects as well, including surgeon, ballistics expert, and home health technician, which pay $50,000 through to $107,000 per year, on average. For this reason, we believe that Kendal can pay for this direct loan of $12000.
Fast Loans for Kendal in Morganfield, Kentucky to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Morganfield, Kentucky aren’t actually that difficult to obtain, especially if you have some finesse like Kendal. Kendal was able to find a fast loan for $12000 from Bank of New Haven and Farmers National Bank of London, but turned down both offers in favor of their direct loan from United Community Bank of West Kentucky, Inc.. 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 debt consolidation loans. An improvement if you are in a pinch.
Before applying for this direct loan, Kendal had an Experian score of 609, which is fair, so United Community Bank of West Kentucky, Inc. probably cannot provide Kendal a direct loan
Kendal was declined by Morgantown Bank & Trust Company, Incorporated 4 times before being approved by United Community Bank of West Kentucky, Inc. at 500 North Morgan Street
On July 6, 2009, Kendal applied about borrowing $28,000 from Auburn Banking Company with Rosana, their in law from just outside Morganfield, and even with the co-signer, Kendal was rejected for this direct loan. With fair credit, it can be challenging to procure financing, even with collateral and a co-signer.
- Full name (Changed if requested): Kendal Chancellor
- Current Credit: loans.hit.utils.Fico@4dcbadb4
- Current City: Morganfield
- State: Kentucky
- Zip code: 42438
- Yearly income: $62,000
- Current Job: casino surveillance officer
- Current County: Union
- Goal Yearly Income: $85,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
Contact Details for United Community Bank of West Kentucky, Inc., the provider of this direct loan
- United Community Bank of West Kentucky, Inc.
- City: Morganfield
- State: Kentucky
- Address: 500 North Morgan Street
- County: Union
- Zip code: 42437
Conclusion of Kendal’s direct loan
In the end, Kendal was able to find a direct loan for $12000 with an interest rate of 6.3% interest APR from United Community Bank of West Kentucky, Inc. in Morganfield, Kentucky repayable over 3 years from now.