$120000 Secured Loan – Fairmont West Virginia, Credit Rating Of 639
- Experian: 653 – This individual had a good Experian score
- Transunion: 626 – Irish had a good credit score with Transunion.
- Equifax: Irish’s Experian score was 639, which is a good credit rating on the Experian scale.
Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks
Average debt consolidation loans range from $32,000.00 to $44,000.00. They are mainly used to pay off existing high interest loans like credit cards. Irish needed a debt consolidation loan to pay for their existing secured loan and their credit card. Irish was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which changes your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.3%.
Installment loan for Irish, a graduate of Wright State University and a photogrammetric engineer working for over $74,000 per year
Irish, an alumnus at Wright State University and a photogrammetric engineer in Fairmont, West Virginia wants a secured loan to purchase something frivolous. Irish has instead chosen to obtain an installment loan for $14,000 and is currently seeking lenders like Kanawha Banking & Trust Company National Association to process their request.
Signature Loan acquired in Fairmont, West Virginia for $120000 with good credit by Irish
Many prospective borrowers have difficulty with obtaining signature loans in Fairmont, West Virginia, and Irish is not an exception. Irish went to 4 lenders or more prior to finding The Security Bank, who offered Irish a signature loan for $120000. Most signature loans simply need a client, like Irish’s signature to get them, up to $49,000 in some cases. Irish was able to get $120000 as a secured loan, which is very high for a secured loan. Since signature loans do not require collateral, these loans generally need better credit, as high as 780
Fast Loans for Irish in Fairmont, West Virginia to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Fairmont, West Virginia aren’t actually that difficult to obtain, especially if you have some finesse like Irish. Irish was able to find a fast loan for $120000 from The Bank of Romney and Community Bank & Trust of Ritchie County, Inc., but turned down both offers in favor of their secured loan from The Security 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 7 weeks for installment loans. Much better in the case that you are in a time sensitive situation.
8 Months Ago, Irish Tried Finding a High Risk Loan for $27,000.00, and it was Hard
It is an ongoing struggle for clients to get high risk loans in a safe way. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Irish. Irish chose not to obtain a high risk loan this time. High Risk loans are given to terrible credit individuals. Clients with credit scores as low as 315 can inquire for a high risk loan and possibly can be accepted.
Before applying for this secured loan, Irish had an Experian score of 653, which is good, so The Security Bank likely cannot provide Irish a secured loan
When Irish was 23, they attempted to obtain a student loan from 7 alternate banks, which harmed their credit score. Below is a chronology of Irish’s prior attempts at finding a student loan:
- Attempt 1) Loan for $33,000.00 on November 10, 2011
- Attempt 2) Loan for $23,000.00 on June 11, 2010
- Attempt 3) Loan for $35,000.00 on January 20, 2009
- Attempt 4) Loan for $21,000.00 on October 22, 2008
- Attempt 5) Loan for $33,000.00 on December 29, 2008
- Attempt 6) Loan for $24,000.00 on June 13, 2011
- Attempt 7) Loan for $27,000.00 on June 14, 2011
Irish has a low current gross income, but has a high number of prospects
Irish has always wanted to be a ship pilot, but would need attend Wright State University again to achieve it. Irish has other prospects as well, including industrial air pollution analyst, irrigation engineer, and credit analyst, which pay $58,000 through to $105,000 per year, at least. Because of this, we think that Irish can afford this secured loan of $120000.
- Full name (Changed if requested): Irish Mandril
- Current Credit: loans.hit.utils.Fico@378fd1ac
- Current City: Fairmont
- State: West Virginia
- Zip code: 26557
- Yearly income: $51,000
- Current Job: photogrammetric engineer
- Current County: Marion
- Goal Yearly Income: $138,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000
Contact Details for The Security Bank, the provider of this secured loan
- The Security Bank
- City: Fairmont
- State: West Virginia
- Address: 209 Adams Street
- County: Marion
- Zip code: 26555
Previous requests on Irish’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$130580.00||11||7.1%||$1428.1||Wesbanco Bank Sistersville||July 9, 2010|
|$130890.00||9||8.6%||$1745.0||Wesbanco Bank, Inc.||December 2, 2011|
|$131170.00||11||7.6%||$1469.26||Peoples State Bank, National Association||November 15, 2012|
|$131230.00||11||9.6%||$1613.42||Kanawha Banking & Trust Company National Association||January 14, 2015|
Irish’s Transunion score was changed by the secured loan loan, changing to 626 from 639, which is typical in our experience.
Several past requests for credit have been made by Irish in the past, including one from Security State Bank, Wishek, North Dakota in Fairmont, West Virginia before Irish was accepted for the $120000 by The Security Bank
Irish made 4 previous attempts to obtain a secured loan, 2 of which were with Security State Bank, Wishek, North Dakota, a lender in Fairmont, West Virginia known to specialize in secured loans specifically. Prior to finding The Security Bank, Irish was desperate due to their inexperience and good credit score.
Irish’s Overall FICO score at the time of acceptance for a secured loan, taking into account their photogrammetric engineer job and their future job as a ship pilot
Paraphrased and Standardized Quote from Irish for this secured loan of $120000, provided by The Security Bank
Hi, I am Irish and my hometown is Fairmont in West Virginia. Marion, county is where I grew up, and now I need a secured loan in West Virginia for $120000 to buy a big ticket item. It wasn’t easy, but The Security Bank really came through for me with this loan for 11.5% interest APR and a term of 21 years. I can repay the loan over the 21 year term, including interest. A big thanks to The Security Bank for giving me a chance and my good credit. It look me 5 years to create my credit to 639, and I won’t harm it any more. I’m happy with Find Texas Loans for assisting me this far.
Personal Loan for a photogrammetric engineer named Irish in Fairmont, West Virginia to Pay Off Cincinnati Reds BankAmericard Cash Rewards MasterCard
Irish had a lot of credit card debt on their Bon-Ton Credit Card and their RBC U.S. Dollar Visa Gold, and they were starting to get in over their heads. Despite Irish’s job as a photogrammetric engineer, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Irish was not approved by The Lowndes Bank 5 times before being accepted by The Security Bank at 209 Adams Street
On May 26, 2012, Irish inquired about borrowing $34,000 from Citizens National Bank of Follansbee with Lona, their friend from just outside Fairmont, and even with the co-signer, Irish was rejected for this secured loan. With good credit, it can be very hard to procure financing, even with collateral and a co-signer.
Conclusion of Irish’s secured loan
In the end, Irish was able to find a secured loan for $120000 with an interest rate of 9.7% interest APR from The Security Bank in Fairmont, West Virginia repayable over 21 years from now.