$138000 Secured Loan – Grayville Illinois, Credit Score Of 676
- Experian: 692 – They had a good Experian rating
- Transunion: 663 – Kathie had a good credit score with Transunion.
- Equifax: Kathie’s Experian score was 676, which is a good credit rating with the Experian scale.
Personal Loan for a retail inventory control analyst named Kathie in Grayville, Illinois to Pay Off Vision Platinum Visa Prepaid Card
Kathie had a lot of credit card debt on their AARP Rewards Visa Card and their LUKOIL Platinum MasterCard, and they were starting to get in over their heads. Despite Kathie’s job as a retail inventory control analyst, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Signature Loan easily acquired in Grayville, Illinois for $138000 with good credit by Kathie
Many clients have difficulty with obtaining signature loans in Grayville, Illinois, and Kathie is no exception. Kathie went to 5 lenders or more before settling on The Peoples National Bank of Grayville, who offered Kathie a signature loan for $138000. Typical signature loans simply need a client, like Kathie’s signature to obtain them, up to $29,000 in some cases. Kathie was able to get $138000 as a secured loan, which is very high for a secured loan. Since signature loans don’t need collateral, they tend to require improved credit, as high as 716
Contact Details for The Peoples National Bank of Grayville, the provider of this secured loan
- The Peoples National Bank of Grayville
- City: Grayville
- State: Illinois
- Address: 119 South Middle Street
- County: White
- Zip code: 62844
- Full name (Changed if requested): Kathie Mais
- Current Credit: loans.hit.utils.Fico@5a10411
- Current City: Grayville
- State: Illinois
- Zip code: 62851
- Yearly income: $31,000
- Current Job: retail inventory control analyst
- Current County: White
- Goal Yearly Income: $136,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000
Many previous requests for credit have been made by Kathie in the past, including one from First Commercial Bank of Philadelphia in Grayville, Illinois before Kathie was accepted for the $138000 by The Peoples National Bank of Grayville
Kathie made 5 previous attempts to obtain a secured loan, 2 of which were with First Commercial Bank of Philadelphia, a bank in Grayville, Illinois known to specialize in secured loans specifically. Prior to finding The Peoples National Bank of Grayville, Kathie was very concerned due to their inexperience and good credit rating.
Previous requests on Kathie’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$138900.00||5||7.1%||$2756.94||The Gerber State Bank||June 18, 2012|
|$138700.00||6||10.3%||$2590.57||The Belvidere National Bank and Trust Company||July 9, 2013|
|$138900.00||5||6.2%||$2698.26||Commerce Bank||August 30, 2013|
|$139430.00||6||9.6%||$2555.02||Byron Bank||September 5, 2013|
|$138760.00||11||10.8%||$1800.66||Amalgamated Bank of Chicago||November 12, 2014|
Kathie has a very low current yearly income, but has several of prospects
Kathie has always wanted to be a soil engineer, but would have to attend Cuyahoga Community College again to become one. Kathie has other possibilities as well, including die cutter operator, real estate broker, and excavating supervisor, which pay $53,000 through to $96,000 per year, on average. For this reason, we think that Kathie can pay for this secured loan of $138000.
Kathie’s Overall FICO score at the time of acceptance for a secured loan, taking into account their retail inventory control analyst job and their future career as a soil engineer
Installment loan for Kathie, a graduate of Cuyahoga Community College and a retail inventory control analyst working for over $78,000 per year
Kathie, an alumnus at Cuyahoga Community College and a retail inventory control analyst in Grayville, Illinois wants a secured loan to purchase something frivolous. Kathie has instead decided to obtain an installment loan for $2,000 and is at present seeking lenders like Upper Avenue Bank to provide it.
Fast Loans for Kathie in Grayville, Illinois to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Grayville, Illinois aren’t actually that difficult to obtain, particularly if you have some finesse like Kathie. Kathie was able to find a fast loan for $138000 from State Bank of Clearing and The National Republic Bank of Chicago, but turned down both offers in favor of their secured loan from The Peoples National Bank of Grayville. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. A big improvement in the case that you are in a time sensitive situation.
Kathie was not approved by Peoples National Bank of Kewanee 5 times before being accepted by The Peoples National Bank of Grayville at 119 South Middle Street
On December 29, 2009, Kathie inquired about borrowing $7,000 from Central National Bank of Mattoon with Luigi, their friend from just outside Grayville, and even with the co-signer, Kathie was rejected for this secured loan. With good credit, it can be a challenge to procure funding, even with collateral and a co-signer.
Debt Consolidation Can Assist Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Normal debt consolidation loans vary from $33,000.00 to $44,000.00. They are mainly used to pay off existing high interest loans like credit cards. Kathie required a debt consolidation loan to pay for their existing secured loan and their payday loan. Kathie was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 4.8%.
Kathie’s Transunion score was altered by the secured loan loan, changing to 663 from 676, which is typical in our experience.
When Kathie was 18, they attempted to obtain a student loan from 6 alternate banks, which harmed their credit score. Below is a list of Kathie’s prior attempts at finding a student loan:
- Attempt 1) Loan for $29,000.00 on September 1, 2010
- Attempt 2) Loan for $31,000.00 on June 1, 2012
- Attempt 3) Loan for $24,000.00 on October 17, 2009
- Attempt 4) Loan for $38,000.00 on October 9, 2009
- Attempt 5) Loan for $34,000.00 on January 22, 2011
- Attempt 6) Loan for $33,000.00 on June 3, 2009
Before applying for this secured loan, Kathie had an Experian score of 692, which is good, so The Peoples National Bank of Grayville most likely cannot provide Kathie a secured loan
Paraphrased and Standardized Quote from Kathie for this secured loan of $138000, provided by The Peoples National Bank of Grayville
Hello, I am Kathie and my hometown is Grayville in Illinois. White, county is where I grew up, and now I need a secured loan in Illinois for $138000 to renovate my home. It wasn’t easy, but The Peoples National Bank of Grayville really came through for me with this loan for 7.5% interest APR and a term of 9 years. I can probably repay the loan over the 9 year term, including interest. A big thanks to The Peoples National Bank of Grayville for trusting me and my good credit. It look me 8 years to build my credit to 676, and I won’t harm it any more. I’m pleased with Find Texas Loans for helping me this far.
7 Months in the Past, Kathie Attempted Finding a High Risk Loan for $32,000.00, but They Didn’t Find What They were Expecting
It is an ongoing struggle for borrowers to get high risk loans in a non-harmful manner. a lot of high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Kathie. Kathie decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit clients. Clients with credit ratings as low as 321 can apply for a high risk loan and may be be approved.
Conclusion of Kathie’s secured loan
In the end, Kathie was able to find a secured loan for $138000 with an interest rate of 5.8% interest APR from The Peoples National Bank of Grayville in Grayville, Illinois repayable over 9 years from today.