Do you have over $10,000 in Debt? Get Help now.

Consolidation Loan Of $156000 For Terrible Credit Louisiana Resident

$156000 Consolidation Loan – Natchitoches Louisiana, Credit Rating Of 312

  • Experian: 325 – They had a terrible Experian rating
  • Transunion: 296 – Leonida had a terrible credit score with Transunion.
  • Equifax: Leonida’s Experian score was 312, which is a terrible credit score with the Experian system.

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

Normal debt consolidation loans vary from $31,000.00 to $50,000.00. They are normally used to pay off existing high interest loans like credit cards. Leonida needed a debt consolidation loan to pay for their existing consolidation loan and their loan shark loan. Leonida was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which transfers your bad, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 2.5%.

Before applying for this consolidation loan, Leonida had an Experian score of 325, which is terrible, so First Bank of Natchitoches and Trust Company most likely cannot provide Leonida a consolidation loan

Experian Score: 325

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

Fast loans in Natchitoches, Louisiana aren’t actually that difficult to obtain, especially if you have some gumption like Leonida. Leonida was able to find a fast loan for $156000 from The Highlands Bank and Feliciana Bank & Trust Company, but declined both offers in favor of their consolidation loan from First Bank of Natchitoches and Trust Company. The improvement 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 if you are on the go.

Multiple past requests for credit have been made by Leonida in the past, including one from Bank of Rockbridge in Natchitoches, Louisiana before Leonida was approved for the $156000 by First Bank of Natchitoches and Trust Company

Leonida made 5 previous attempts to obtain a consolidation loan, 2 of which were with Bank of Rockbridge, a lending institution in Natchitoches, Louisiana known to specialize in consolidation loans specifically. Before finding First Bank of Natchitoches and Trust Company, Leonida was desperate due to their inexperience and terrible credit rating.

Contact Details for First Bank of Natchitoches and Trust Company, the provider of this consolidation loan

  • First Bank of Natchitoches and Trust Company
  • City: Natchitoches
  • State: Louisiana
  • Address: 315 Royal Street
  • County: Natchitoches
  • Zip code: 71457

Leonida’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their financial services sales agent job and their future job as a harbor master

Fico Score: 312

Personal Loan for a financial services sales agent named Leonida in Natchitoches, Louisiana to Pay Off KeyBank Business MasterCard Credit Card

Leonida had a tonne of credit card debt on their AeroMexico Visa Card and their LUKOIL Platinum MasterCard, and they were starting to get in over their heads. Despite Leonida’s job as a financial services sales agent, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Leonida has a low current yearly income, but has a high number of prospects

Leonida has always wanted to be a harbor master, but would have to attend Grand View University again to become one. Leonida has other prospects as well, including home health technician, civil engineer, and bank examiner, which pay $50,000 through to $90,000 per year, on average. For this reason, we think that Leonida can pay for this consolidation loan of $156000.

Client Profile: Leonida Maclin of Natchitoches, Louisiana
  • Full name (Changed if requested): Leonida Maclin
  • Current Credit: loans.hit.utils.Fico@7e0b37bc
  • Current City: Natchitoches
  • State: Louisiana
  • Zip code: 71458
  • Yearly income: $47,000
  • Current Job: financial services sales agent
  • Current County: Natchitoches
  • Goal Yearly Income: $124,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Leonida was declined by Citizens Bank & Trust Company 6 times prior to being approved by First Bank of Natchitoches and Trust Company at 315 Royal Street

On April 13, 2010, Leonida applied about borrowing $11,000 from The Mer Rouge State Bank with Todd, their in law from just outside Natchitoches, and even with the co-signer, Leonida was rejected for this consolidation loan. With terrible credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

6 Months in the Past, Leonida Tried to Find a High Risk Loan for $27,000.00, and it was Easy

It is an well known struggle for clients to get high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Leonida. Leonida decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit applicants. Individuals with credit scores as low as 374 can inquire for a high risk loan and may be be accepted.

Previous requests on Leonida’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$11210.00 3 8.5% $353.87 Bank of Zachary October 9, 2012
$10880.00 5 11.3% $238.19 Landmark Bank October 22, 2012
$11390.00 11 10.6% $146.5 Bank of Gonzales December 25, 2012
$10870.00 5 7.3% $216.78 The Highlands Bank March 26, 2014
$11360.00 6 9.2% $205.9 Bank of Grand Cane March 12, 2015

When Leonida was 23, they tried to obtain a student loan from 5 different banks, which damaged their credit rating. Below is a chronology of Leonida’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $20,000.00 on May 22, 2011
  • Attempt 2) Loan for $38,000.00 on May 30, 2009
  • Attempt 3) Loan for $27,000.00 on November 3, 2011
  • Attempt 4) Loan for $23,000.00 on October 25, 2009
  • Attempt 5) Loan for $31,000.00 on February 22, 2013

Installment loan for Leonida, a graduate of Grand View University and a financial services sales agent working for over $61,000 per year

Leonida, an alumnus at Grand View University and a financial services sales agent in Natchitoches, Louisiana needs a consolidation loan to purchase something frivolous. Leonida has instead decided to get an installment loan for $7,000 and is at present seeking lenders like Feliciana Bank & Trust Company to process their request.

Signature Loan acquired in Natchitoches, Louisiana for $156000 with terrible credit by Leonida

Most borrowers have difficulty with finding signature loans in Natchitoches, Louisiana, and Leonida is not an exception. Leonida went to 8 lending institutions or more before settling on First Bank of Natchitoches and Trust Company, who offered Leonida a signature loan for $156000. Most signature loans simply require a client, like Leonida’s signature to get them, up to $39,000 in some cases. Leonida was able to get $156000 as a consolidation loan, which is very high for a consolidation loan. Because signature loans don’t need collateral, these loans tend to require higher credit, as high as 788

Paraphrased and Standardized Quote from Leonida for this consolidation loan of $156000, provided by First Bank of Natchitoches and Trust Company

Hello, I am Leonida and I’m from Natchitoches in Louisiana. Natchitoches, county is where I grew up, and now I need a consolidation loan in Louisiana for $156000 to avoid bankruptcy. It wasn’t easy, but First Bank of Natchitoches and Trust Company really came through for me with this loan for 8.5% interest APR and a term of 22 years. I can repay the loan over the 22 year term, including interest. A big thanks to First Bank of Natchitoches and Trust Company for giving me a chance and my terrible credit. It look me 5 years to build my credit to 312, and I won’t harm it any future. I’m happy with Find Texas Loans for assisting me this far.

Leonida’s Transunion score was altered by the consolidation loan loan, changing to 296 from 312, which is normal in our experience.

Transunion Score: 296

Conclusion of Leonida’s consolidation loan

In the end, Leonida was able to find a consolidation loan for $156000 with an interest rate of 10.0% interest APR from First Bank of Natchitoches and Trust Company in Natchitoches, Louisiana repayable over 22 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

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.