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$54000 Unsecured Loan With Excellent Credit In Independence Kentucky

$54000 Unsecured Loan – Independence Kentucky, Credit Rating Of 749

  • Experian: 759 – This individual had an excellent Experian score
  • Transunion: 736 – Sherril had an excellent credit rating with Transunion.
  • Equifax: Sherril’s Experian score was 749, which is an excellent credit score with the Experian scale.

Sherril’s Transunion score was altered by the unsecured loan loan, changing to 736 from 749, which is normal in our experience.

Transunion Score: 736

Sherril was rejected by Ascencia Bank 5 times before being approved by Bank of Independence at Main Street

On March 17, 2012, Sherril inquired about borrowing $29,000 from Farmers Deposit Bank of Brandenburg with Jasmine, their in law from just outside Independence, and even with the co-signer, Sherril was rejected for this unsecured loan. With excellent credit, it can be difficult to procure funding, even with collateral and a co-signer.

Paraphrased and Standardized Quote from Sherril for this unsecured loan of $54000, provided by Bank of Independence

Hello, I am Sherril and I am from Independence in Kentucky. Kenton, county is where I grew up, and now I need a unsecured loan in Kentucky for $54000 to buy a big ticket item. It has been difficult, but Bank of Independence really came through for me with this loan for 5.7% interest APR and a term of 11 years. I can repay the loan over the 11 year term, including interest. A big thanks to Bank of Independence for giving me a chance and my excellent credit. It look me 9 years to build my credit to 749, and I won’t harm it any future. I am pleased with Find Texas Loans for helping me this far.

Signature Loan found in Independence, Kentucky for $54000 with excellent credit by Sherril

A lot of borrowers struggle with finding signature loans in Independence, Kentucky, and Sherril is the same. Sherril went to 8 lenders or more prior to settling on Bank of Independence, who offered Sherril a signature loan for $54000. Most signature loans simply need a client, like Sherril’s signature to obtain them, up to $33,000 in some cases. Sherril was able to get $54000 as a unsecured loan, which is very high for an unsecured loan. Since signature loans don’t need a cosigner, these loans tend to need better credit, as high as 787

When Sherril was 21, they attempted to obtain a student loan from 6 different banks, which harmed their credit rating. Below is a list of Sherril’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $20,000.00 on December 4, 2008
  • Attempt 2) Loan for $24,000.00 on November 10, 2010
  • Attempt 3) Loan for $28,000.00 on May 1, 2010
  • Attempt 4) Loan for $29,000.00 on January 2, 2012
  • Attempt 5) Loan for $31,000.00 on December 8, 2011
  • Attempt 6) Loan for $22,000.00 on June 15, 2010

Installment loan for Sherril, a graduate of Bethel University and a patent lawyer working for over $74,000 per year

Sherril, an alumnus at Bethel University and a patent lawyer in Independence, Kentucky wants an unsecured loan to purchase a new cell phone. Sherril has instead chosen to obtain an installment loan for $4,000 and is currently seeking lenders like Farmers Deposit Bank of Brandenburg to process their request.

Fast Loans for Sherril in Independence, Kentucky to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Independence, Kentucky aren’t actually that difficult to obtain, especially if you have some finesse like Sherril. Sherril was able to find a fast loan for $54000 from Peoples Bank and Trust Company and Bank of Danville and Trust Company, but declined both offers in favor of their unsecured loan from Bank of Independence. The difference with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. Much better if a borrower is in a pinch.

Sherril’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their patent lawyer job and their future career as a broadcast technician

Fico Score: 749

Client Profile: Sherril Mcfaul of Independence, Kentucky
  • Full name (Changed if requested): Sherril Mcfaul
  • Current Credit: loans.hit.utils.Fico@2d6a9952
  • Current City: Independence
  • State: Kentucky
  • Zip code: 41060
  • Yearly income: $60,000
  • Current Job: patent lawyer
  • Current County: Kenton
  • Goal Yearly Income: $96,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Personal Loan for a patent lawyer named Sherril in Independence, Kentucky to Pay Off Canandaigua National Bank & Trust Secured Visa Card

Sherril had a tonne of credit card debt on their Spirit Airlines and their Coppermark Bank Credit Cards, and they were starting to get in over their heads. Despite Sherril’s job as a patent lawyer, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Contact Details for Bank of Independence, the provider of this unsecured loan

  • Bank of Independence
  • City: Independence
  • State: Kentucky
  • Address: Main Street
  • County: Kenton
  • Zip code: 41051

7 Months Ago, Sherril Tried Finding a High Risk Loan for $21,000.00, and it was Hard

There 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 scary to borrowers like Sherril. Sherril chose not to get a high risk loan this time. High Risk loans are given to terrible credit clients. Individuals with credit ratings as low as 413 can inquire for a high risk loan and possibly can be approved.

Sherril has a low current total income, but has a large amount of prospects

Sherril has always wanted to be a broadcast technician, but would need attend Bethel University again to become one. Sherril has other possibilities as well, including office machine mechanic, occupational therapist, and lathe operator, which pay $56,000 through to $109,000 per year, at least. Because of this, we think that Sherril can pay for this unsecured loan of $54000.

Before applying for this unsecured loan, Sherril had an Experian score of 759, which is excellent, so Bank of Independence probably cannot provide Sherril an unsecured loan

Experian Score: 759

Previous requests on Sherril’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$42440.00 8 5.1% $539.31 Stock Yards Bank & Trust Company August 2, 2009
$41810.00 5 9.3% $874.01 Farmers Deposit Bank of Brandenburg July 2, 2010
$42430.00 5 6.7% $834.17 Citizens Bank April 29, 2013
$41570.00 6 9.5% $759.68 Citizens Bank & Trust Company, Burgin, Kentucky April 28, 2014
$42350.00 5 11.3% $927.14 Farmers National Bank November 2, 2014

Multiple past requests for credit have been made by Sherril in the past, including one from The National Bank of Andrews in Independence, Kentucky before Sherril was approved for the $54000 by Bank of Independence

Sherril made 6 previous attempts to obtain an unsecured loan, 2 of which were with The National Bank of Andrews, a bank in Independence, Kentucky known to specialize in unsecured loans specifically. Before finding Bank of Independence, Sherril was desperate due to their inexperience and excellent credit score.

Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans vary from $32,000.00 to $55,000.00. They are normally used to pay off existing high interest loans like credit cards. Sherril needed a debt consolidation loan to pay for their existing unsecured loan and their credit card. Sherril was able to find a unsecured loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your dirty, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 4.4%.

Conclusion of Sherril’s unsecured loan

In the end, Sherril was able to find an unsecured loan for $54000 with an interest rate of 7.7% interest APR from Bank of Independence in Independence, Kentucky repayable over 11 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.