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8 Year Student Loan For Winona In Durand Illinois

$160000 Student Loan – Durand Illinois, Credit Rating Of 571

  • Experian: 590 – The client had a fair Experian score
  • Transunion: 555 – Winona had a fair credit rating with Transunion.
  • Equifax: Winona’s Experian score was 571, which is a fair credit rating with the Experian system.
Client Profile: Winona Mcconaughy of Durand, Illinois
  • Full name (Changed if requested): Winona Mcconaughy
  • Current Credit: loans.hit.utils.Fico@2a33fae0
  • Current City: Durand
  • State: Illinois
  • Zip code: 61027
  • Yearly income: $53,000
  • Current Job: professional sports scout
  • Current County: Winnebago
  • Goal Yearly Income: $112,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

When Winona was 19, they attempted to obtain a student loan from 7 different banks, which harmed their credit rating. Below is a list of Winona’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on June 20, 2011
  • Attempt 2) Loan for $32,000.00 on January 8, 2013
  • Attempt 3) Loan for $35,000.00 on August 2, 2009
  • Attempt 4) Loan for $36,000.00 on July 15, 2010
  • Attempt 5) Loan for $20,000.00 on November 26, 2009
  • Attempt 6) Loan for $27,000.00 on January 13, 2012
  • Attempt 7) Loan for $30,000.00 on December 31, 2009

Signature Loan easily acquired in Durand, Illinois for $160000 with fair credit by Winona

Many clients have difficulty with finding signature loans in Durand, Illinois, and Winona is no exception. Winona went to 8 lenders or more prior to settling on Durand State Bank, who offered Winona a signature loan for $160000. Most signature loans simply need a client, like Winona’s signature to obtain them, up to $49,000 in some cases. Winona was able to get $160000 as a student loan, which is very high for a student loan. Because signature loans do not require collateral, they generally require better credit, as high as 714

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

Average debt consolidation loans vary from $22,000.00 to $45,000.00. They are mainly used to pay off existing high interest loans like credit cards. Winona required a debt consolidation loan to pay for their existing student loan and their loan shark loan. Winona was able to find a student loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which converts your bad, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 2.7%.

Personal Loan for a professional sports scout named Winona in Durand, Illinois to Pay Off Citgo Plus Card

Winona had a lot of credit card debt on their Goodyear Credit Card and their Stupid Cancer Visa Platinum Rewards Card, and they were starting to get in over their heads. Despite Winona’s job as a professional sports scout, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

6 Months Ago, Winona Tried to Find a High Risk Loan for $27,000.00, but They Didn’t Find What They were Expecting

It is an well known struggle for clients to find high risk loans in a safe manner. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Winona. Winona decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit clients. Individuals with credit ratings as low as 594 can apply for a high risk loan and have a chance to be approved.

Winona’s Overall FICO score at the time of acceptance for a student loan, taking into account their professional sports scout job and their future career as a stress analyst engineer

Fico Score: 571

Contact Details for Durand State Bank, the provider of this student loan

  • Durand State Bank
  • City: Durand
  • State: Illinois
  • Address: 1005 Cameron Drive
  • County: Winnebago
  • Zip code: 61024

Paraphrased and Standardized Quote from Winona for this student loan of $160000, provided by Durand State Bank

Hello, I am Winona and I am from Durand in Illinois. Winnebago, county is where I grew up, and now I need a student loan in Illinois for $160000 to buy a car. It has been difficult, but Durand State Bank really came through for me with this loan for 9.8% interest APR and a term of 10 years. I will repay the loan over the 10 year term, including interest. A big thanks to Durand State Bank for giving me a chance and my fair credit. It look me 7 years to create my credit to 571, and I won’t harm it any future. I am pleased with Find Texas Loans for helping me this far.

Winona’s Transunion score was changed by the student loan loan, changing to 555 from 571, which is normal in our experience.

Transunion Score: 555

Winona has a low current total income, but has several of prospects

Winona has always wanted to be a stress analyst engineer, but would have to attend Friends University again to become one. Winona has other prospects as well, including insulation installer, farm equipment mechanic, and insurance underwriter, which pay $59,000 through to $104,000 per year, at least. For this reason, we believe that Winona can pay for this student loan of $160000.

Winona was not approved by Upper Avenue Bank 4 times before being accepted by Durand State Bank at 1005 Cameron Drive

On June 5, 2012, Winona applied about borrowing $49,000 from Lake Shore National Bank with Dayna, their in law from just outside Durand, and even with the co-signer, Winona was rejected for this student loan. With fair credit, it can be very hard to procure financing, even with collateral and a co-signer.

Fast Loans for Winona in Durand, Illinois to prevent bankruptcy or harm from debt collectors.

Fast loans in Durand, Illinois aren’t actually that difficult to obtain, especially if you have some finesse like Winona. Winona was able to find a fast loan for $160000 from First Bank of Eureka and Bank One, Illinois, National Association, but declined both offers in favor of their student loan from Durand State Bank. The difference with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. A big difference in the case that you are in a time sensitive situation.

Multiple past requests for credit have been made by Winona in the past, including one from Island Bank in Durand, Illinois before Winona was approved for the $160000 by Durand State Bank

Winona made 4 previous attempts to obtain a student loan, 2 of which were with Island Bank, a lender in Durand, Illinois known to specialize in student loans specifically. Before finding Durand State Bank, Winona was concerned due to their inexperience and fair credit score.

Installment loan for Winona, a graduate of Friends University and a professional sports scout working for over $63,000 per year

Winona, an alumnus at Friends University and a professional sports scout in Durand, Illinois needs a student loan to purchase a house. Winona has instead chosen to obtain an installment loan for $7,000 and is currently seeking lenders like Old Kent Bank to provide it.

Before applying for this student loan, Winona had an Experian score of 590, which is fair, so Durand State Bank most likely cannot provide Winona a student loan

Experian Score: 590

Previous requests on Winona’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$35370.00 11 7.5% $394.3 The Gerber State Bank September 18, 2010
$34840.00 7 9.5% $569.42 The Belvidere National Bank and Trust Company September 22, 2011
$35180.00 4 7.4% $848.97 Commerce Bank August 17, 2012
$34900.00 11 11.2% $460.97 Byron Bank August 24, 2012

Conclusion of Winona’s student loan

In the end, Winona was able to find a student loan for $160000 with an interest rate of 11.2% interest APR from Durand State Bank in Durand, Illinois repayable over 10 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.