$22000 Mortgage – Timewell Illinois, Credit Score Of 724
- Experian: 743 – This client had an excellent Experian rating
- Transunion: 712 – Nikki had an excellent credit rating with Transunion.
- Equifax: Nikki’s Experian score was 724, which is an excellent credit rating using the Experian scale.
Before applying for this mortgage, Nikki had an Experian score of 743, which is excellent, so Timewell State Bank likely cannot provide Nikki a mortgage
Contact Details for Timewell State Bank, the provider of this mortgage
- Timewell State Bank
- City: Timewell
- State: Illinois
- Address: Main Street
- County: Brown
- Zip code: 62375
When Nikki was 24, they attempted to obtain a student loan from 4 different lenders, which damaged their credit rating. Below is a chronology of Nikki’s prior attempts at finding a student loan:
- Attempt 1) Loan for $23,000.00 on December 27, 2009
- Attempt 2) Loan for $27,000.00 on December 18, 2013
- Attempt 3) Loan for $36,000.00 on May 7, 2011
- Attempt 4) Loan for $30,000.00 on October 29, 2010
Personal Loan for a government budget analyst named Nikki in Timewell, Illinois to Pay Off First Hawaiian Bank United MileagePlus Credit Card
Nikki had a lot of credit card debt on their Bank of Hawaii Credit Cards and their Los Angeles Angels BankAmericard Cash Rewards MasterCard, and they were starting to get in over their heads. Despite Nikki’s job as a government budget analyst, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Multiple past requests for credit have been made by Nikki in the past, including one from First Republic Thrift & Loan of San Diego in Timewell, Illinois before Nikki was accepted for the $22000 by Timewell State Bank
Nikki made 4 previous attempts to obtain a mortgage, 2 of which were with First Republic Thrift & Loan of San Diego, a bank in Timewell, Illinois known to specialize in mortgages specifically. Prior to finding Timewell State Bank, Nikki was concerned due to their inexperience and excellent credit rating.
Signature Loan acquired in Timewell, Illinois for $22000 with excellent credit by Nikki
Most prospective borrowers have difficulty with obtaining signature loans in Timewell, Illinois, and Nikki is not an exception. Nikki went to 5 lending institutions or more prior to finding Timewell State Bank, who offered Nikki a signature loan for $22000. Most signature loans simply require a client, like Nikki’s signature to get them, up to $35,000 in some cases. Nikki was able to get $22000 as a mortgage, which is very high for a mortgage. Because signature loans do not require a cosigner, they tend to require improved credit, as high as 781
- Full name (Changed if requested): Nikki Martinas
- Current Credit: loans.hit.utils.Fico@20ad9418
- Current City: Timewell
- State: Illinois
- Zip code: 62379
- Yearly income: $59,000
- Current Job: government budget analyst
- Current County: Brown
- Goal Yearly Income: $110,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
Previous requests on Nikki’s credit
| Principle in USD | Term Length in Years | Annual Percentage Rate | Monthly Payment | Lender’s Branch Name | Date of Request |
|---|---|---|---|---|---|
| $13250.00 | 7 | 5.5% | $190.4 | The Gerber State Bank | January 28, 2011 |
| $12690.00 | 5 | 5.1% | $240.06 | The Belvidere National Bank and Trust Company | December 25, 2012 |
| $13260.00 | 9 | 5.2% | $154.0 | Commerce Bank | October 14, 2014 |
| $13420.00 | 6 | 6.6% | $226.23 | Byron Bank | June 12, 2015 |
| $12730.00 | 11 | 5.6% | $129.39 | Amalgamated Bank of Chicago | June 21, 2015 |
Nikki has a low current yearly income, but has several of prospects
Nikki has always wanted to be a civil engineering technician, but would have to attend Barry University again to become one. Nikki has other prospects as well, including agricultural engineer, production planner, and psychiatric aide, which pay $58,000 through to $91,000 per year, at least. For this reason, we think that Nikki can pay for this mortgage of $22000.
Installment loan for Nikki, a graduate of Barry University and a government budget analyst working for over $67,000 per year
Nikki, an alumnus at Barry University and a government budget analyst in Timewell, Illinois needs a mortgage to purchase something frivolous. Nikki has instead decided to get an installment loan for $3,000 and is at present seeking lenders like Byron Bank to provide it.
Nikki’s Overall FICO score at the time of acceptance for a mortgage, taking into account their government budget analyst job and their future job as a civil engineering technician
Nikki’s Transunion score was changed by the mortgage loan, changing to 712 from 724, which is typical in our experience.
Nikki was not approved by Uptown National Bank of Chicago 7 times before being approved by Timewell State Bank at Main Street
On February 3, 2012, Nikki inquired about borrowing $45,000 from Old Kent Bank with Eryn, their friend from just outside Timewell, and even with the co-signer, Nikki was rejected for this mortgage. With excellent credit, it can be difficult to procure financing, even with collateral and a co-signer.
Debt Consolidation Can Help Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt
Most debt consolidation loans vary from $30,000.00 to $56,000.00. They are mainly used to pay off existing high interest loans like credit cards. Nikki needed a debt consolidation loan to pay for their existing mortgage and their credit card. Nikki was able to find a mortgage in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your bad, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 2.2%.
Fast Loans for Nikki in Timewell, Illinois to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Timewell, Illinois aren’t actually that difficult to obtain, particularly if you have some finesse like Nikki. Nikki was able to find a fast loan for $22000 from Uptown National Bank of Chicago and Harris Trust and Savings Bank, but declined both offers in favor of their mortgage from Timewell State Bank. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big difference in the case that you are on the go.
Paraphrased and Standardized Quote from Nikki for this mortgage of $22000, provided by Timewell State Bank
Hello, I am Nikki and I am from Timewell in Illinois. Brown, county is where I grew up, and now I need a mortgage in Illinois for $22000 to renovate my home. It has been difficult, but Timewell State Bank really came through for me with this loan for 10.5% interest APR and a term of 7 years. I will repay the loan over the 7 year term, including interest. A big thanks to Timewell State Bank for trusting me and my excellent credit. It look me 5 years to build my credit to 724, and I won’t harm it any more. I’m happy with Find Texas Loans for helping me this far.
8 Months in the Past, Nikki Tried to Find a High Risk Loan for $21,000.00, and it was Easy
It is an existing struggle for borrowers to find high risk loans in a non-harmful way. a lot of high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Nikki. Nikki chose not to get a high risk loan this time. High Risk loans are given to terrible credit applicants. Clients with credit ratings as low as 300 can inquire for a high risk loan and have a chance to be accepted.
Conclusion of Nikki’s mortgage
In the end, Nikki was able to find a mortgage for $22000 with an interest rate of 6.0% interest APR from Timewell State Bank in Timewell, Illinois repayable over 7 years from today.
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