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$74000 Consolidation Loan With Excellent Credit In Washington Missouri

$74000 Consolidation Loan – Washington Missouri, Credit Score Of 730

  • Experian: 740 – This individual had an excellent Experian rating
  • Transunion: 712 – Silas had an excellent credit score with Transunion.
  • Equifax: Silas’s Experian score was 730, which is an excellent credit rating using the Experian system.
Client Profile: Silas Hieserich of Washington, Missouri
  • Full name (Changed if requested): Silas Hieserich
  • Current Credit: loans.hit.utils.Fico@368102c8
  • Current City: Washington
  • State: Missouri
  • Zip code: 63096
  • Yearly income: $65,000
  • Current Job: technological espionage intelligence agent
  • Current County: Franklin
  • Goal Yearly Income: $89,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Silas’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their technological espionage intelligence agent job and their future job as an automotive body repairer

Fico Score: 730

Installment loan for Silas, a graduate of Nyack College and a technological espionage intelligence agent working for over $64,000 per year

Silas, an alumnus at Nyack College and a technological espionage intelligence agent in Washington, Missouri wants a consolidation loan to purchase a house. Silas has instead decided to obtain an installment loan for $7,000 and is currently seeking lenders like Mercantile Bank of West Central Missouri to provide it.

Fast Loans for Silas in Washington, Missouri to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Washington, Missouri aren’t actually that difficult to obtain, especially if you have some finesse like Silas. Silas was able to find a fast loan for $74000 from Glasgow Savings Bank and Midwest BankCentre, but declined both offers in favor of their consolidation loan from Bank of Washington. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. An improvement if a borrower is in a time sensitive situation.

Contact Details for Bank of Washington, the provider of this consolidation loan

  • Bank of Washington
  • City: Washington
  • State: Missouri
  • Address: Main And Oak Streets
  • County: Franklin
  • Zip code: 63090

Silas has a very low current yearly income, but has a large amount of prospects

Silas has always wanted to be an automotive body repairer, but would need attend Nyack College again to achieve it. Silas has other prospects as well, including financial examiner, maintenance supervisor, and sawing machine operator, which pay $59,000 through to $103,000 per year, at least. Because of this, we think that Silas can pay for this consolidation loan of $74000.

Silas’s Transunion score was altered by the consolidation loan loan, changing to 712 from 730, which is typical in our experience.

Transunion Score: 712

Paraphrased and Standardized Quote from Silas for this consolidation loan of $74000, provided by Bank of Washington

Hi, I am Silas and I’m from Washington in Missouri. Franklin, county is where I grew up, and now I need a consolidation loan in Missouri for $74000 to pay bills. It wasn’t easy, but Bank of Washington really came through for me with this loan for 8.4% interest APR and a term of 5 years. I will repay the loan over the 5 year term, including interest. A big thanks to Bank of Washington for trusting me and my excellent credit. It look me 6 years to create my credit to 730, and I won’t harm it any more. I’m happy with Find Texas Loans for assisting me this far.

Silas was rejected by Commerce Bank of Tower Grove 5 times prior to being accepted by Bank of Washington at Main And Oak Streets

On July 16, 2010, Silas applied about borrowing $36,000 from Central West End Bank with Lisa, their friend from just outside Washington, and even with the co-signer, Silas was rejected for this consolidation loan. With excellent credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans vary from $26,000.00 to $53,000.00. They are normally used to pay off existing high interest loans like credit cards. Silas needed a debt consolidation loan to pay for their existing consolidation loan and their credit card. Silas was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which converts your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 4.7%.

When Silas was 22, they tried to obtain a student loan from 5 alternate lenders, which harmed their credit rating. Below is a chronology of Silas’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $39,000.00 on April 20, 2010
  • Attempt 2) Loan for $34,000.00 on June 14, 2009
  • Attempt 3) Loan for $32,000.00 on April 21, 2012
  • Attempt 4) Loan for $23,000.00 on May 23, 2010
  • Attempt 5) Loan for $22,000.00 on February 12, 2011

Previous requests on Silas’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$77890.00 5 7.6% $1564.46 Camden County Bank July 17, 2011
$78490.00 11 5.1% $778.16 Glasgow Savings Bank December 22, 2011
$78260.00 9 5.4% $916.52 Central Bank July 20, 2014
$78130.00 7 11.7% $1366.7 Midwest BankCentre September 22, 2014

Many previous requests for credit have been made by Silas in the past, including one from The Houtzdale Bank in Washington, Missouri before Silas was approved for the $74000 by Bank of Washington

Silas made 9 previous tries to obtain a consolidation loan, 2 of which were with The Houtzdale Bank, a lending institution in Washington, Missouri known to specialize in consolidation loans specifically. Prior to finding Bank of Washington, Silas was very concerned due to their inexperience and excellent credit rating.

Signature Loan found in Washington, Missouri for $74000 with excellent credit by Silas

Most clients struggle with obtaining signature loans in Washington, Missouri, and Silas is no different. Silas went to 4 lending institutions or more prior to settling on Bank of Washington, who offered Silas a signature loan for $74000. Most signature loans simply require a client, like Silas’s signature to get them, up to $20,000 in some cases. Silas was able to get $74000 as a consolidation loan, which is very high for a consolidation loan. Because signature loans do not require collateral, these loans tend to need better credit, as high as 759

Before applying for this consolidation loan, Silas had an Experian score of 740, which is excellent, so Bank of Washington most likely cannot provide Silas a consolidation loan

Experian Score: 740

7 Months in the Past, Silas Attempted Finding a High Risk Loan for $28,000.00, and it was Easy

There is an existing struggle for borrowers to find 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 Silas. Silas chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit borrowers. Borrowers with credit scores as low as 498 can apply for a high risk loan and possibly can be approved.

Personal Loan for a technological espionage intelligence agent named Silas in Washington, Missouri to Pay Off Fidelity Retirement Rewards American Express

Silas had a lot of credit card debt on their Reach Out and Read Visa Card and their David’s Bridal Credit Card, and they were starting to get in over their heads. Despite Silas’s job as a technological espionage intelligence agent, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Conclusion of Silas’s consolidation loan

In the end, Silas was able to find a consolidation loan for $74000 with an interest rate of 6.4% interest APR from Bank of Washington in Washington, Missouri repayable over 5 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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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.