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Consolidation Loan For $99000 Near 36092, Alabama With A Credit Score Of 493

$99000 Consolidation Loan – Wetumpka Alabama, Credit Score Of 493

  • Experian: 505 – The client had a bad Experian score
  • Transunion: 481 – Arron had a bad credit rating with Transunion.
  • Equifax: Arron’s Experian score was 493, which is a bad credit score on the Experian scale.

6 Months in the Past, Arron Attempted Finding a High Risk Loan for $33,000.00, 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 scary to borrowers like Arron. Arron decided not to get a high risk loan this time. High Risk loans are given to terrible credit clients. Individuals with credit scores as low as 539 can apply for a high risk loan and possibly can be accepted.

Arron’s Transunion score was changed by the consolidation loan loan, changing to 481 from 493, which is typical in our experience.

Transunion Score: 481

Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Most debt consolidation loans range from $25,000.00 to $49,000.00. They are typically used to pay off existing high interest loans like credit cards. Arron needed a debt consolidation loan to pay for their existing consolidation loan and their loan shark loan. Arron was able to find a consolidation loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your dirty, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 3.2%.

Arron was declined by Bank of Florala 4 times before being accepted by The First National Bank of Wetumpka at 408 Southeast Main Street

On August 23, 2009, Arron inquired about borrowing $38,000 from Jacobs Bank with Delila, their friend from just outside Wetumpka, and even with the co-signer, Arron was rejected for this consolidation loan. With bad credit, it can be very hard to procure funding, even with collateral and a co-signer.

Paraphrased and Standardized Quote from Arron for this consolidation loan of $99000, provided by The First National Bank of Wetumpka

Hi, I am Arron and I’m from Wetumpka in Alabama. Elmore, county is where I grew up, and now I need a consolidation loan in Alabama for $99000 to buy a big ticket item. It wasn’t easy, but The First National Bank of Wetumpka really came through for me with this loan for 7.1% interest APR and a term of 15 years. I will repay the loan over the 15 year term, including interest. A big thanks to The First National Bank of Wetumpka for giving me a chance and my bad credit. It look me 4 years to create my credit to 493, and I won’t harm it any more. I am happy with Find Texas Loans for assisting me this far.

When Arron was 22, they tried to obtain a student loan from 4 alternate lenders, which damaged their credit score. Below is a chronology of Arron’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $37,000.00 on May 24, 2011
  • Attempt 2) Loan for $39,000.00 on June 28, 2010
  • Attempt 3) Loan for $27,000.00 on October 12, 2008
  • Attempt 4) Loan for $30,000.00 on April 13, 2010

Previous requests on Arron’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$128520.00 9 7.5% $1640.05 AuburnBank April 14, 2009
$129400.00 7 6.1% $1896.56 Bank of the South April 29, 2011
$128810.00 4 6.3% $3042.86 Alabama City Bank of Gadsden, Alabama June 5, 2011
$128700.00 10 9.1% $1637.29 The Exchange Bank, Attalla, Alabama June 2, 2013

Arron has a sad current yearly income, but has several of prospects

Arron has always wanted to be a financial planner, but would need attend North Central Missouri College again to become one. Arron has other possibilities as well, including highway maintenance worker, technical publications writer, and bulldozer / grader operator, which pay $57,000 through to $109,000 per year, at least. For this reason, we think that Arron can pay for this consolidation loan of $99000.

Arron’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their cost estimator job and their future career as a financial planner

Fico Score: 493

Client Profile: Arron Villot of Wetumpka, Alabama
  • Full name (Changed if requested): Arron Villot
  • Current Credit: loans.hit.utils.Fico@50040f0c
  • Current City: Wetumpka
  • State: Alabama
  • Zip code: 36099
  • Yearly income: $57,000
  • Current Job: cost estimator
  • Current County: Elmore
  • Goal Yearly Income: $146,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Contact Details for The First National Bank of Wetumpka, the provider of this consolidation loan

  • The First National Bank of Wetumpka
  • City: Wetumpka
  • State: Alabama
  • Address: 408 Southeast Main Street
  • County: Elmore
  • Zip code: 36092

Multiple previous requests for credit have been made by Arron in the past, including one from Citizens Bank of Princeton in Wetumpka, Alabama before Arron was accepted for the $99000 by The First National Bank of Wetumpka

Arron made 6 previous attempts to obtain a consolidation loan, 2 of which were with Citizens Bank of Princeton, a lender in Wetumpka, Alabama known to specialize in consolidation loans specifically. Before finding The First National Bank of Wetumpka, Arron was very concerned due to their inexperience and bad credit score.

Signature Loan found in Wetumpka, Alabama for $99000 with bad credit by Arron

Many borrowers have difficulty with finding signature loans in Wetumpka, Alabama, and Arron is no exception. Arron went to 4 lending institutions or more prior to finding The First National Bank of Wetumpka, who offered Arron a signature loan for $99000. Typical signature loans simply need a client, like Arron’s signature to get them, up to $24,000 in some cases. Arron was able to get $99000 as a consolidation loan, which is very high for a consolidation loan. Because signature loans do not require a cosigner, they tend to need better credit, as high as 717

Fast Loans for Arron in Wetumpka, Alabama to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Wetumpka, Alabama aren’t actually that difficult to obtain, particularly if you have some finesse like Arron. Arron was able to find a fast loan for $99000 from The Bank of Berry and The Citizens Bank of Georgiana, but declined both offers in favor of their consolidation loan from The First National Bank of Wetumpka. 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 6 weeks for personal loans. Much better in the case that you are in a time sensitive situation.

Personal Loan for a cost estimator named Arron in Wetumpka, Alabama to Pay Off Redbirds Visa Rewards Card

Arron had a tonne of credit card debt on their USAA Secured Card Platinum Visa and their UNFCU Elite Credit Card, and they were starting to get in over their heads. Despite Arron’s job as a cost estimator, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Installment loan for Arron, a graduate of North Central Missouri College and a cost estimator working for over $69,000 per year

Arron, an alumnus at North Central Missouri College and a cost estimator in Wetumpka, Alabama needs a consolidation loan to purchase a car. Arron has instead decided to obtain an installment loan for $10,000 and is currently seeking lenders like The Exchange Bank, Attalla, Alabama to process their request.

Before applying for this consolidation loan, Arron had an Experian score of 505, which is bad, so The First National Bank of Wetumpka probably cannot provide Arron a consolidation loan

Experian Score: 505

Conclusion of Arron’s consolidation loan

In the end, Arron was able to find a consolidation loan for $99000 with an interest rate of 8.7% interest APR from The First National Bank of Wetumpka in Wetumpka, Alabama repayable over 15 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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