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Low Rate Direct Loan For Linnea In Brook, Indiana

$52000 Direct Loan – Brook Indiana, Credit Score Of 353

  • Experian: 363 – This client had a terrible Experian rating
  • Transunion: 336 – Linnea had a terrible credit score with Transunion.
  • Equifax: Linnea’s Experian score was 353, which is a terrible credit rating with the Experian rating scheme.

6 Months Ago, Linnea Attempted Finding a High Risk Loan for $21,000.00, but They Didn’t Find What They were Expecting

There is an well known struggle for borrowers to get high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Linnea. Linnea chose not to obtain a high risk loan this time. High Risk loans are given to bad credit applicants. Borrowers with credit ratings as low as 589 can inquire for a high risk loan and have a chance to be accepted.

When Linnea was 23, they tried to obtain a student loan from 5 different lenders, which harmed their credit rating. Below is a chronology of Linnea’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $29,000.00 on February 16, 2011
  • Attempt 2) Loan for $30,000.00 on January 9, 2011
  • Attempt 3) Loan for $27,000.00 on December 19, 2009
  • Attempt 4) Loan for $20,000.00 on March 18, 2013
  • Attempt 5) Loan for $32,000.00 on April 26, 2011

Before applying for this direct loan, Linnea had an Experian score of 363, which is terrible, so Community State Bank probably cannot provide Linnea a direct loan

Experian Score: 363

Installment loan for Linnea, a graduate of Indiana Wesleyan University and a park naturalist working for over $65,000 per year

Linnea, an alumnus at Indiana Wesleyan University and a park naturalist in Brook, Indiana wants a direct loan to purchase something frivolous. Linnea has instead decided to get an installment loan for $7,000 and is currently seeking lenders like First Valley Bank to process their request.

Previous requests on Linnea’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$130650.00 10 10.5% $1762.93 The Citizens Exchange Bank June 2, 2012
$131410.00 9 10.5% $1885.85 Alliance Bank December 29, 2012
$131430.00 10 5.6% $1432.88 Farmers State Bank February 3, 2014
$131240.00 6 11.6% $2538.55 First United Bank, National Association May 14, 2015

Linnea’s Overall FICO score at the time of acceptance for a direct loan, taking into account their park naturalist job and their future career as a biology professor

Fico Score: 353

Signature Loan found in Brook, Indiana for $52000 with terrible credit by Linnea

A lot of clients struggle with obtaining signature loans in Brook, Indiana, and Linnea is the same. Linnea went to 6 lenders or more prior to finding Community State Bank, who offered Linnea a signature loan for $52000. Most signature loans simply require a client, like Linnea’s signature to obtain them, up to $24,000 in some cases. Linnea was able to get $52000 as a direct loan, which is very high for a direct loan. Since signature loans don’t need collateral, these loans generally need better credit, as high as 756

Linnea was declined by Community State Bank 7 times prior to being granted funding by Community State Bank at 244 West Main

On January 26, 2012, Linnea inquired about borrowing $44,000 from State Bank of Greentown with Yolanda, their friend from just outside Brook, and even with the co-signer, Linnea was rejected for this direct loan. With terrible credit, it can be difficult to obtain financing, even with collateral and a co-signer.

Linnea has a disappointing current yearly income, but has several of prospects

Linnea has always wanted to be a biology professor, but would have to attend Indiana Wesleyan University again to achieve it. Linnea has other possibilities as well, including scientific linguist, interior designer, and industrial hygienist, which pay $56,000 through to $102,000 per year, at least. For this reason, we believe that Linnea can afford this direct loan of $52000.

Contact Details for Community State Bank, the provider of this direct loan

  • Community State Bank
  • City: Brook
  • State: Indiana
  • Address: 244 West Main
  • County: Newton
  • Zip code: 47922

Fast Loans for Linnea in Brook, Indiana to prevent bankruptcy or harm from debt collectors.

Fast loans in Brook, Indiana aren’t actually that difficult to obtain, especially if you have some finesse like Linnea. Linnea was able to find a fast loan for $52000 from Ossian State Bank and Farmers State Bank Rush County, but turned down both offers in favor of their direct loan from Community State Bank. The improvement with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. A big improvement if you are in a time sensitive situation.

Linnea’s Transunion score was altered by the direct loan loan, changing to 336 from 353, which is normal in our experience.

Transunion Score: 336

Several past requests for credit have been made by Linnea in the past, including one from First Virginia Bank – Planters in Brook, Indiana before Linnea was approved for the $52000 by Community State Bank

Linnea made 9 previous attempts to obtain a direct loan, 2 of which were with First Virginia Bank – Planters, a lender in Brook, Indiana known to specialize in direct loans specifically. Before finding Community State Bank, Linnea was desperate due to their inexperience and terrible credit rating.

Client Profile: Linnea Raderstorf of Brook, Indiana
  • Full name (Changed if requested): Linnea Raderstorf
  • Current Credit: loans.hit.utils.Fico@6d5380c2
  • Current City: Brook
  • State: Indiana
  • Zip code: 47931
  • Yearly income: $66,000
  • Current Job: park naturalist
  • Current County: Newton
  • Goal Yearly Income: $93,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Personal Loan for a park naturalist named Linnea in Brook, Indiana to Pay Off Vision Platinum Visa Prepaid Card

Linnea had a lot of credit card debt on their BankFIRST Visa Signature Card and their AirBP Flight Card, and they were starting to get in over their heads. Despite Linnea’s job as a park naturalist, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

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

Normal debt consolidation loans vary from $39,000.00 to $43,000.00. They are typically used to pay off existing high interest loans like credit cards. Linnea required a debt consolidation loan to pay for their existing direct loan and their payday loan. Linnea was able to find a direct loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your bad, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 3.7%.

Paraphrased and Standardized Quote from Linnea for this direct loan of $52000, provided by Community State Bank

Hi, I am Linnea and I am from Brook in Indiana. Newton, county is where I grew up, and now I need a direct loan in Indiana for $52000 to renovate my home. It wasn’t easy, but Community State Bank really came through for me with this loan for 7.6% interest APR and a term of 15 years. I can repay the loan over the 15 year term, including interest. A big thanks to Community State Bank for giving me a chance and my terrible credit. It look me 7 years to build my credit to 353, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Conclusion of Linnea’s direct loan

In the end, Linnea was able to find a direct loan for $52000 with an interest rate of 9.0% interest APR from Community State Bank in Brook, Indiana repayable over 15 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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