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Madge Burgen’s Unsecured Loan For 156000 Dollars In Metairie Louisiana

$156000 Unsecured Loan – Metairie Louisiana, Credit Score Of 336

  • Experian: 346 – The client had a terrible Experian score
  • Transunion: 323 – Madge had a terrible credit rating with Transunion.
  • Equifax: Madge’s Experian score was 336, which is a terrible credit rating using the Experian scale.

Madge was not approved by The First National Bank in St. Mary Parish 4 times before being approved by French Market Homestead, FSA at 3900 Veterans Blvd.

On May 31, 2013, Madge inquired about borrowing $49,000 from First National Bank of Louisiana with Mai, their friend from just outside Metairie, and even with the co-signer, Madge was rejected for this unsecured loan. With terrible credit, it can be very hard to obtain funding, even with collateral and a co-signer.

Contact Details for French Market Homestead, FSA, the provider of this unsecured loan

  • French Market Homestead, FSA
  • City: Metairie
  • State: Louisiana
  • Address: 3900 Veterans Blvd.
  • County: Jefferson
  • Zip code: 70002

Multiple other requests for credit have been made by Madge in the past, including one from MBank Greenway in Metairie, Louisiana before Madge was accepted for the $156000 by French Market Homestead, FSA

Madge made 7 previous attempts to obtain an unsecured loan, 2 of which were with MBank Greenway, a bank in Metairie, Louisiana known to specialize in unsecured loans specifically. Before finding French Market Homestead, FSA, Madge was very concerned due to their inexperience and terrible credit rating.

Signature Loan found in Metairie, Louisiana for $156000 with terrible credit by Madge

Many prospective borrowers have difficulty with finding signature loans in Metairie, Louisiana, and Madge is the same. Madge went to 4 lending institutions or more prior to settling on French Market Homestead, FSA, who offered Madge a signature loan for $156000. Most signature loans simply require a client, like Madge’s signature to obtain them, up to $45,000 in some cases. Madge was able to get $156000 as a unsecured loan, which is very high for an unsecured loan. Since signature loans do not need a cosigner, they generally require better credit, as high as 706

Madge’s Transunion score was changed by the unsecured loan loan, changing to 323 from 336, which is normal in our experience.

Transunion Score: 323

Personal Loan for an occupational therapist named Madge in Metairie, Louisiana to Pay Off CoreFirst Bank & Trust Gold Classic Card

Madge had a lot of credit card debt on their City National Bank Visa Signature Card and their Comerica Bank Visa Platinum Card, and they were starting to get in over their heads. Despite Madge’s job as an occupational therapist, they struggled to make payments on the $23,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Debt Consolidation Can Assist Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans vary from $25,000.00 to $52,000.00. They are mainly used to pay off existing high interest loans like credit cards. Madge needed a debt consolidation loan to pay for their existing unsecured loan and their loan shark loan. Madge was able to find a unsecured loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which transfers your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 3.0%.

Previous requests on Madge’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$34120.00 5 11.5% $750.39 Bank of Zachary February 26, 2011
$34190.00 5 7.5% $685.1 Landmark Bank May 21, 2011
$34240.00 3 10.1% $1106.44 Bank of Gonzales January 15, 2014
$34370.00 5 10.8% $743.86 The Highlands Bank September 12, 2014
$33590.00 4 7.2% $807.47 Bank of Grand Cane June 3, 2015

When Madge was 23, they attempted to obtain a student loan from 4 alternate lenders, which damaged their credit rating. Below is a chronology of Madge’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $28,000.00 on February 26, 2012
  • Attempt 2) Loan for $38,000.00 on November 6, 2010
  • Attempt 3) Loan for $37,000.00 on March 1, 2010
  • Attempt 4) Loan for $30,000.00 on July 2, 2011

7 Months Ago, Madge Tried Finding a High Risk Loan for $26,000.00, and it was Hard

It is an existing struggle for borrowers to find high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Madge. Madge decided not to obtain a high risk loan this time. High Risk loans are given to bad credit applicants. Individuals with credit scores as low as 423 can apply for a high risk loan and have a chance to be approved.

Client Profile: Madge Burgen of Metairie, Louisiana
  • Full name (Changed if requested): Madge Burgen
  • Current Credit: loans.hit.utils.Fico@52cc8049
  • Current City: Metairie
  • State: Louisiana
  • Zip code: 70007
  • Yearly income: $52,000
  • Current Job: occupational therapist
  • Current County: Jefferson
  • Goal Yearly Income: $110,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Paraphrased and Standardized Quote from Madge for this unsecured loan of $156000, provided by French Market Homestead, FSA

Hi, I am Madge and my hometown is Metairie in Louisiana. Jefferson, county is where I grew up, and now I need a unsecured loan in Louisiana for $156000 to avoid bankruptcy. It has been difficult, but French Market Homestead, FSA really came through for me with this loan for 8.4% interest APR and a term of 9 years. I can probably repay the loan over the 9 year term, including interest. A big thanks to French Market Homestead, FSA for giving me a chance and my terrible credit. It look me 8 years to build my credit to 336, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Before applying for this unsecured loan, Madge had an Experian score of 346, which is terrible, so French Market Homestead, FSA probably cannot provide Madge an unsecured loan

Experian Score: 346

Madge has a very low current yearly income, but has several of prospects

Madge has always wanted to be an intelligence specialist, but would have to attend Furman University again to achieve it. Madge has other possibilities as well, including quality control technician, community organization worker, and criminal justice professor, which pay $57,000 through to $98,000 per year, on average. For this reason, we think that Madge can afford this unsecured loan of $156000.

Installment loan for Madge, a graduate of Furman University and an occupational therapist working for over $62,000 per year

Madge, an alumnus at Furman University and an occupational therapist in Metairie, Louisiana needs an unsecured loan to purchase something frivolous. Madge has instead chosen to get an installment loan for $26,000 and is at present seeking lenders like St. Bernard Bank & Trust Co. to process their request.

Madge’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their occupational therapist job and their future career as an intelligence specialist

Fico Score: 336

Fast Loans for Madge in Metairie, Louisiana to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Metairie, Louisiana aren’t actually that difficult to obtain, particularly if you have some gumption like Madge. Madge was able to find a fast loan for $156000 from St. Bernard Bank & Trust Co. and Bank of Montgomery, but turned down both offers in favor of their unsecured loan from French Market Homestead, FSA. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. Much better in the case that a client is in a pinch.

Conclusion of Madge’s unsecured loan

In the end, Madge was able to find an unsecured loan for $156000 with an interest rate of 9.2% interest APR from French Market Homestead, FSA in Metairie, Louisiana repayable over 9 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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