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$140000 Home Loan With Terrible Credit In Centralia Illinois

$140000 Home Loan – Centralia Illinois, Credit Rating Of 341

  • Experian: 351 – The client had a terrible Experian rating
  • Transunion: 327 – Conchita had a terrible credit score with Transunion.
  • Equifax: Conchita’s Experian score was 341, which is a terrible credit score on the Experian scale.
Client Profile: Conchita Bird of Centralia, Illinois
  • Full name (Changed if requested): Conchita Bird
  • Current Credit: loans.hit.utils.Fico@7daf6ecc
  • Current City: Centralia
  • State: Illinois
  • Zip code: 62805
  • Yearly income: $48,000
  • Current Job: resource recovery engineer
  • Current County: Marion
  • Goal Yearly Income: $115,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Conchita’s Transunion score was altered by the home loan loan, changing to 327 from 341, which is normal in our experience.

Transunion Score: 327

Before applying for this home loan, Conchita had an Experian score of 351, which is terrible, so Home Federal Savings and Loan Association of Centralia probably cannot provide Conchita a home loan

Experian Score: 351

Many past requests for credit have been made by Conchita in the past, including one from Padre Federal Savings and Loan Association in Centralia, Illinois before Conchita was approved for the $140000 by Home Federal Savings and Loan Association of Centralia

Conchita made 8 previous attempts to obtain a home loan, 2 of which were with Padre Federal Savings and Loan Association, a lender in Centralia, Illinois known to specialize in home loans specifically. Prior to finding Home Federal Savings and Loan Association of Centralia, Conchita was desperate due to their inexperience and terrible credit rating.

When Conchita was 19, they tried to obtain a student loan from 6 different banks, which damaged their credit score. Below is a chronology of Conchita’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on January 21, 2013
  • Attempt 2) Loan for $39,000.00 on March 19, 2011
  • Attempt 3) Loan for $22,000.00 on September 2, 2013
  • Attempt 4) Loan for $20,000.00 on May 11, 2009
  • Attempt 5) Loan for $20,000.00 on September 18, 2012
  • Attempt 6) Loan for $31,000.00 on August 6, 2011

Conchita was declined by The Gerber State Bank 6 times prior to being approved by Home Federal Savings and Loan Association of Centralia at 400 East Broadway

On October 20, 2012, Conchita applied about borrowing $37,000 from Community Banks of Shelby County with Cory, their in law from just outside Centralia, and even with the co-signer, Conchita was rejected for this home loan. With terrible credit, it can be a challenge to obtain financing, even with collateral and a co-signer.

Conchita has a disappointing current total income, but has a high number of prospects

Conchita has always wanted to be an agricultural crop farm manager, but would need attend Unitech Training Academy – Lafayette again to achieve it. Conchita has other prospects as well, including scientific photographer, computer software technician, and motor vehicle inspector, which pay $51,000 through to $99,000 per year, on average. For this reason, we think that Conchita can pay for this home loan of $140000.

Paraphrased and Standardized Quote from Conchita for this home loan of $140000, provided by Home Federal Savings and Loan Association of Centralia

Hello, I am Conchita and I’m from Centralia in Illinois. Marion, county is where I grew up, and now I need a home loan in Illinois for $140000 to pay bills. It wasn’t easy, but Home Federal Savings and Loan Association of Centralia really came through for me with this loan for 10.3% interest APR and a term of 16 years. I can probably repay the loan over the 16 year term, including interest. A big thanks to Home Federal Savings and Loan Association of Centralia for giving me a chance and my terrible credit. It look me 7 years to create my credit to 341, and I won’t harm it any future. I’m pleased with Find Texas Loans for helping me this far.

Conchita’s Overall FICO score at the time of acceptance for a home loan, taking into account their resource recovery engineer job and their future job as an agricultural crop farm manager

Fico Score: 341

Installment loan for Conchita, a graduate of Unitech Training Academy – Lafayette and a resource recovery engineer working for over $72,000 per year

Conchita, an alumnus at Unitech Training Academy – Lafayette and a resource recovery engineer in Centralia, Illinois wants a home loan to purchase a car. Conchita has instead chosen to get an installment loan for $9,000 and is currently seeking lenders like Peoples National Bank of Kewanee to provide it.

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

Fast loans in Centralia, Illinois aren’t actually that difficult to obtain, especially if you have some gumption like Conchita. Conchita was able to find a fast loan for $140000 from Drexel National Bank and Amalgamated Bank of Chicago, but turned down both offers in favor of their home loan from Home Federal Savings and Loan Association of Centralia. The difference with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. A big difference if a client is in a pinch.

Previous requests on Conchita’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$94410.00 6 8.7% $1687.77 The Gerber State Bank February 8, 2009
$93650.00 7 9.3% $1521.04 The Belvidere National Bank and Trust Company July 31, 2010
$94150.00 7 6.1% $1379.91 Commerce Bank March 13, 2012
$93780.00 10 7.1% $1093.7 Byron Bank June 14, 2012
$94340.00 10 8.3% $1159.61 Amalgamated Bank of Chicago November 28, 2012

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

Average debt consolidation loans range from $27,000.00 to $43,000.00. They are normally used to pay off existing high interest loans like credit cards. Conchita needed a debt consolidation loan to pay for their existing home loan and their loan shark loan. Conchita was able to find a home loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which transfers your bad, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 4.3%.

Signature Loan acquired in Centralia, Illinois for $140000 with terrible credit by Conchita

Many borrowers struggle with obtaining signature loans in Centralia, Illinois, and Conchita is no exception. Conchita went to 8 lending institutions or more before finding Home Federal Savings and Loan Association of Centralia, who offered Conchita a signature loan for $140000. Most signature loans simply need a client, like Conchita’s signature to obtain them, up to $41,000 in some cases. Conchita was able to get $140000 as a home loan, which is very high for a home loan. Because signature loans don’t need a cosigner, they generally need higher credit, as high as 768

Personal Loan for a resource recovery engineer named Conchita in Centralia, Illinois to Pay Off Fred Meyer Rewards Visa Card

Conchita had a tonne of credit card debt on their Alaska Airlines Visa Signature Card and their CNB Bank Credit CardsColorado Rockies BankAmericard Cash Rewards MasterCard, and they were starting to get in over their heads. Despite Conchita’s job as a resource recovery engineer, they struggled to make payments on the $29,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Contact Details for Home Federal Savings and Loan Association of Centralia, the provider of this home loan

  • Home Federal Savings and Loan Association of Centralia
  • City: Centralia
  • State: Illinois
  • Address: 400 East Broadway
  • County: Marion
  • Zip code: 62801

6 Months in the Past, Conchita Attempted to Find a High Risk Loan for $43,000.00, and it was Hard

There is an existing struggle for clients to find high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Conchita. Conchita chose not to obtain a high risk loan this time. High Risk loans are given to terrible credit applicants. Borrowers with credit scores as low as 510 can inquire for a high risk loan and possibly can be approved.

Conclusion of Conchita’s home loan

In the end, Conchita was able to find a home loan for $140000 with an interest rate of 6.2% interest APR from Home Federal Savings and Loan Association of Centralia in Centralia, Illinois repayable over 16 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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