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$96000 Consolidation Loan With Bad Credit In Union Kentucky

$96000 Consolidation Loan – Union Kentucky, Credit Score Of 469

  • Experian: 479 – They had a bad Experian rating
  • Transunion: 457 – Zoraida had a bad credit rating with Transunion.
  • Equifax: Zoraida’s Experian score was 469, which is a bad credit rating on the Experian rating scheme.

Installment loan for Zoraida, a graduate of Texas Tech University and a pathologist working for over $69,000 per year

Zoraida, an alumnus at Texas Tech University and a pathologist in Union, Kentucky needs a consolidation loan to purchase a car. Zoraida has instead chosen to get an installment loan for $11,000 and is at present seeking lenders like Citizens Deposit Bank to process their request.

Zoraida was declined by Farmers Deposit Bank 7 times prior to being accepted by The Central Trust Company at Main Street

On August 21, 2012, Zoraida applied about borrowing $36,000 from Peoples Bank and Trust Company with Margarete, their in law from just outside Union, and even with the co-signer, Zoraida was rejected for this consolidation loan. With bad credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Signature Loan acquired in Union, Kentucky for $96000 with bad credit by Zoraida

Most borrowers have difficulty with finding signature loans in Union, Kentucky, and Zoraida is not an exception. Zoraida went to 6 lending institutions or more before finding The Central Trust Company, who offered Zoraida a signature loan for $96000. Typical signature loans simply require a client, like Zoraida’s signature to get them, up to $22,000 in some cases. Zoraida was able to get $96000 as a consolidation loan, which is very high for a consolidation loan. Because signature loans do not require a cosigner, these loans generally require improved credit, as high as 791

Fast Loans for Zoraida in Union, Kentucky to prevent bankruptcy or harm from debt collectors.

Fast loans in Union, Kentucky aren’t actually that difficult to obtain, especially if you have some gumption like Zoraida. Zoraida was able to find a fast loan for $96000 from Farmers & Traders Bank of Campton and Farmers Deposit Bank, but declined both offers in favor of their consolidation loan from The Central Trust Company. The difference with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. A big difference in the case that you are on the go.

Contact Details for The Central Trust Company, the provider of this consolidation loan

  • The Central Trust Company
  • City: Union
  • State: Kentucky
  • Address: Main Street
  • County: Boone
  • Zip code: 41091

8 Months Ago, Zoraida Attempted Finding a High Risk Loan for $42,000.00, and it was Hard

There is an existing struggle for clients to find high risk loans in a safe way. Many high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Zoraida. Zoraida decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit individuals. Borrowers with credit ratings as low as 378 can inquire for a high risk loan and possibly can be approved.

Before applying for this consolidation loan, Zoraida had an Experian score of 479, which is bad, so The Central Trust Company most likely cannot provide Zoraida a consolidation loan

Experian Score: 479

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

Zoraida has always wanted to be an employee training instructor, but would need attend Texas Tech University again to achieve it. Zoraida has other prospects as well, including government budget analyst, audiovisual production specialist, and computer systems engineer, which pay $58,000 through to $94,000 per year, at least. Because of this, we believe that Zoraida can pay for this consolidation loan of $96000.

When Zoraida was 22, they attempted to obtain a student loan from 6 alternate lenders, which damaged their credit rating. Below is a chronology of Zoraida’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $22,000.00 on May 3, 2009
  • Attempt 2) Loan for $29,000.00 on May 18, 2010
  • Attempt 3) Loan for $21,000.00 on July 28, 2013
  • Attempt 4) Loan for $21,000.00 on October 13, 2011
  • Attempt 5) Loan for $36,000.00 on July 26, 2009
  • Attempt 6) Loan for $21,000.00 on March 21, 2012

Zoraida’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their pathologist job and their future job as an employee training instructor

Fico Score: 469

Several past requests for credit have been made by Zoraida in the past, including one from Bank of Texas in Union, Kentucky before Zoraida was accepted for the $96000 by The Central Trust Company

Zoraida made 4 prior attempts to obtain a consolidation loan, 2 of which were with Bank of Texas, a lending institution in Union, Kentucky known to specialize in consolidation loans specifically. Prior to finding The Central Trust Company, Zoraida was desperate due to their inexperience and bad credit score.

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

Average debt consolidation loans vary from $23,000.00 to $44,000.00. They are mainly used to pay off existing high interest loans like credit cards. Zoraida needed a debt consolidation loan to pay for their existing consolidation loan and their credit card. Zoraida was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which converts your bad, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 3.3%.

Client Profile: Zoraida Kais of Union, Kentucky
  • Full name (Changed if requested): Zoraida Kais
  • Current Credit: loans.hit.utils.Fico@cc34f4d
  • Current City: Union
  • State: Kentucky
  • Zip code: 41100
  • Yearly income: $30,000
  • Current Job: pathologist
  • Current County: Boone
  • Goal Yearly Income: $107,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Personal Loan for a pathologist named Zoraida in Union, Kentucky to Pay Off Orbitz Visa Platinum Credit Card

Zoraida had a tonne of credit card debt on their The Company Store Credit Card and their Pennsylvania Freemasons Visa Cards, and they were starting to get in over their heads. Despite Zoraida’s job as a pathologist, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Zoraida for this consolidation loan of $96000, provided by The Central Trust Company

Hello, I am Zoraida and I am from Union in Kentucky. Boone, county is where I grew up, and now I need a consolidation loan in Kentucky for $96000 to pay bills. It wasn’t easy, but The Central Trust Company really came through for me with this loan for 8.3% interest APR and a term of 14 years. I can probably repay the loan over the 14 year term, including interest. A big thanks to The Central Trust Company for giving me a chance and my bad credit. It look me 7 years to build my credit to 469, and I won’t harm it any future. I’m happy with Find Texas Loans for assisting me this far.

Zoraida’s Transunion score was altered by the consolidation loan loan, changing to 457 from 469, which is typical in our experience.

Transunion Score: 457

Previous requests on Zoraida’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$130580.00 9 6.6% $1606.74 Stock Yards Bank & Trust Company December 24, 2009
$130710.00 10 7.4% $1544.74 Farmers Deposit Bank of Brandenburg September 21, 2010
$130800.00 7 8.8% $2091.2 Citizens Bank July 14, 2013
$131100.00 11 5.4% $1319.36 Citizens Bank & Trust Company, Burgin, Kentucky July 15, 2013

Conclusion of Zoraida’s consolidation loan

In the end, Zoraida was able to find a consolidation loan for $96000 with an interest rate of 5.1% interest APR from The Central Trust Company in Union, Kentucky repayable over 14 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.