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$90000 No Collateral Loan With Bad Credit In Forreston Illinois

$90000 No Collateral Loan – Forreston Illinois, Credit Score Of 445

  • Experian: 462 – This individual had a bad Experian rating
  • Transunion: 430 – Cornelius had a bad credit rating with Transunion.
  • Equifax: Cornelius’s Experian score was 445, which is a bad credit score using the Experian system.

Personal Loan for a non-retail sales supervisor named Cornelius in Forreston, Illinois to Pay Off HAS Advantage Visa College Card

Cornelius had a lot of credit card debt on their Thomasville Credit Card and their MYPLASH Visa Prepaid Card, and they were starting to get in over their heads. Despite Cornelius’s job as a non-retail sales supervisor, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Cornelius’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their non-retail sales supervisor job and their future job as a community organization worker

Fico Score: 445

Cornelius has a sad current gross income, but has a large amount of prospects

Cornelius has always wanted to be a community organization worker, but would have to attend Minneapolis College of Art and Design again to become one. Cornelius has other prospects as well, including casting director, mining shovel machine operator, and painter, which pay $55,000 through to $105,000 per year, on average. For this reason, we think that Cornelius can pay for this no collateral loan of $90000.

Client Profile: Cornelius Mcmanamy of Forreston, Illinois
  • Full name (Changed if requested): Cornelius Mcmanamy
  • Current Credit: loans.hit.utils.Fico@37a71e93
  • Current City: Forreston
  • State: Illinois
  • Zip code: 61039
  • Yearly income: $46,000
  • Current Job: non-retail sales supervisor
  • Current County: Ogle
  • Goal Yearly Income: $117,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Before applying for this no collateral loan, Cornelius had an Experian score of 462, which is bad, so Forreston State Bank probably cannot provide Cornelius a no collateral loan

Experian Score: 462

Contact Details for Forreston State Bank, the provider of this no collateral loan

  • Forreston State Bank
  • City: Forreston
  • State: Illinois
  • Address: 200 Main Street
  • County: Ogle
  • Zip code: 61030

Paraphrased and Standardized Quote from Cornelius for this no collateral loan of $90000, provided by Forreston State Bank

Hi, I am Cornelius and my hometown is Forreston in Illinois. Ogle, county is where I grew up, and now I need a no collateral loan in Illinois for $90000 to renovate my home. It has been difficult, but Forreston State Bank really came through for me with this loan for 9.7% interest APR and a term of 21 years. I can repay the loan over the 21 year term, including interest. A big thanks to Forreston State Bank for giving me a chance and my bad credit. It look me 9 years to create my credit to 445, and I won’t harm it any future. I’m pleased with Find Texas Loans for assisting me this far.

Cornelius’s Transunion score was altered by the no collateral loan loan, changing to 430 from 445, which is normal in our experience.

Transunion Score: 430

Previous requests on Cornelius’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$83780.00 11 10.7% $1082.37 The Gerber State Bank January 16, 2010
$84280.00 9 10.4% $1204.88 The Belvidere National Bank and Trust Company January 4, 2012
$84300.00 5 9.5% $1770.46 Commerce Bank June 11, 2012
$84440.00 5 7.7% $1700.04 Byron Bank September 25, 2013

Debt Consolidation Can Assist Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans range from $30,000.00 to $45,000.00. They are normally used to pay off existing high interest loans like credit cards. Cornelius required a debt consolidation loan to pay for their existing no collateral loan and their loan shark loan. Cornelius was able to find a no collateral loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your bad, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 2.8%.

9 Months Ago, Cornelius Tried to Find a High Risk Loan for $29,000.00, and it was Hard

It is an ongoing struggle for borrowers to find high risk loans in a safe way. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Cornelius. Cornelius decided not to get a high risk loan this time. High Risk loans are given to very low credit borrowers. Borrowers with credit ratings as low as 478 can inquire for a high risk loan and have a chance to be approved.

Signature Loan acquired in Forreston, Illinois for $90000 with bad credit by Cornelius

Many clients struggle with obtaining signature loans in Forreston, Illinois, and Cornelius is the same. Cornelius went to 7 lending institutions or more prior to finding Forreston State Bank, who offered Cornelius a signature loan for $90000. Typical signature loans simply need a client, like Cornelius’s signature to obtain them, up to $49,000 in some cases. Cornelius was able to get $90000 as a no collateral loan, which is very high for a no collateral loan. Since signature loans don’t need a cosigner, they generally need improved credit, as high as 735

Fast Loans for Cornelius in Forreston, Illinois to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Forreston, Illinois aren’t actually that difficult to obtain, particularly if you have some gumption like Cornelius. Cornelius was able to find a fast loan for $90000 from The Belvidere National Bank and Trust Company and The State Bank of Geneva, but turned down both offers in favor of their no collateral loan from Forreston State Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. Much better if a borrower is in a pinch.

Installment loan for Cornelius, a graduate of Minneapolis College of Art and Design and a non-retail sales supervisor working for over $60,000 per year

Cornelius, an alumnus at Minneapolis College of Art and Design and a non-retail sales supervisor in Forreston, Illinois needs a no collateral loan to purchase a new cell phone. Cornelius has instead chosen to get an installment loan for $5,000 and is currently seeking lenders like Greatbank Chicago to provide it.

When Cornelius was 20, they attempted to obtain a student loan from 6 alternate lenders, which harmed their credit score. Below is a list of Cornelius’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on November 8, 2010
  • Attempt 2) Loan for $29,000.00 on November 20, 2011
  • Attempt 3) Loan for $27,000.00 on November 7, 2008
  • Attempt 4) Loan for $27,000.00 on June 29, 2010
  • Attempt 5) Loan for $35,000.00 on July 10, 2011
  • Attempt 6) Loan for $39,000.00 on February 21, 2011

Multiple previous requests for credit have been made by Cornelius in the past, including one from Fifth Third Bank, Florida in Forreston, Illinois before Cornelius was accepted for the $90000 by Forreston State Bank

Cornelius made 9 previous tries to obtain a no collateral loan, 2 of which were with Fifth Third Bank, Florida, a bank in Forreston, Illinois known to specialize in no collateral loans specifically. Before finding Forreston State Bank, Cornelius was very concerned due to their inexperience and bad credit rating.

Cornelius was rejected by The State Bank of Geneva 4 times prior to being accepted by Forreston State Bank at 200 Main Street

On October 28, 2010, Cornelius applied about borrowing $41,000 from The Gerber State Bank with Lela, their in law from just outside Forreston, and even with the co-signer, Cornelius was rejected for this no collateral loan. With bad credit, it can be a challenge to procure financing, even with collateral and a co-signer.

Conclusion of Cornelius’s no collateral loan

In the end, Cornelius was able to find a no collateral loan for $90000 with an interest rate of 7.5% interest APR from Forreston State Bank in Forreston, Illinois repayable over 21 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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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.