$135000 Debt Consolidation Loan – Chicago Illinois, Credit Rating Of 712
- Experian: 724 – This individual had a good Experian score
- Transunion: 700 – Gretchen had a good credit rating with Transunion.
- Equifax: Gretchen’s Experian score was 712, which is a good credit rating using the Experian system.
Gretchen was rejected by The Belvidere National Bank and Trust Company 5 times before being approved by Franklin Savings Association at 101 West Madison Street
On December 20, 2009, Gretchen inquired about borrowing $42,000 from Drexel National Bank with Benjamin, their in law from just outside Chicago, and even with the co-signer, Gretchen was rejected for this debt consolidation loan. With good credit, it can be very hard to obtain funding, even with collateral and a co-signer.
Contact Details for Franklin Savings Association, the provider of this debt consolidation loan
- Franklin Savings Association
- City: Chicago
- State: Illinois
- Address: 101 West Madison Street
- County: Cook
- Zip code: 60602
Signature Loan easily acquired in Chicago, Illinois for $135000 with good credit by Gretchen
Many clients have difficulty with obtaining signature loans in Chicago, Illinois, and Gretchen is not an exception. Gretchen went to 4 lenders or more before finding Franklin Savings Association, who offered Gretchen a signature loan for $135000. Most signature loans simply need a client, like Gretchen’s signature to get them, up to $35,000 in some cases. Gretchen was able to get $135000 as a debt consolidation loan, which is very high for a debt consolidation loan. Since signature loans do not need collateral, these loans tend to need improved credit, as high as 727
Previous requests on Gretchen’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$130300.00||6||9.8%||$2400.8||The Gerber State Bank||October 19, 2013|
|$130420.00||8||6.3%||$1733.02||The Belvidere National Bank and Trust Company||February 5, 2014|
|$130210.00||8||6.5%||$1743.02||Commerce Bank||November 9, 2014|
|$130390.00||3||9.4%||$4170.68||Byron Bank||December 8, 2014|
|$130450.00||10||10.4%||$1752.93||Amalgamated Bank of Chicago||February 1, 2015|
Gretchen’s Transunion score was changed by the debt consolidation loan loan, changing to 700 from 712, which is normal in our experience.
Installment loan for Gretchen, a graduate of Carousel Beauty College and an urban and regional planner working for over $63,000 per year
Gretchen, an alumnus at Carousel Beauty College and an urban and regional planner in Chicago, Illinois needs a debt consolidation loan to purchase something frivolous. Gretchen has instead chosen to obtain an installment loan for $10,000 and is at present seeking lenders like Greatbank Chicago to process their request.
Paraphrased and Standardized Quote from Gretchen for this debt consolidation loan of $135000, provided by Franklin Savings Association
Hello, I am Gretchen and my hometown is Chicago in Illinois. Cook, county is where I grew up, and now I need a debt consolidation loan in Illinois for $135000 to buy a car. It has been difficult, but Franklin Savings Association really came through for me with this loan for 8.3% interest APR and a term of 19 years. I can repay the loan over the 19 year term, including interest. A big thanks to Franklin Savings Association for trusting me and my good credit. It look me 4 years to create my credit to 712, and I won’t harm it any future. I am pleased with Find Texas Loans for assisting me this far.
Personal Loan for an urban and regional planner named Gretchen in Chicago, Illinois to Pay Off Five Star Bank Visa Platinum Card
Gretchen had a tonne of credit card debt on their Fordham University Visa Credit Card and their Bowflex Credit Card, and they were starting to get in over their heads. Despite Gretchen’s job as an urban and regional planner, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
8 Months in the Past, Gretchen Attempted Finding a High Risk Loan for $40,000.00, but They Didn’t Find What They were Expecting
It is an existing struggle for borrowers to get high risk loans in a safe way. Many high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Gretchen. Gretchen decided not to obtain a high risk loan this time. High Risk loans are given to very low credit clients. Individuals with credit scores as low as 486 can inquire for a high risk loan and have a chance to be accepted.
Debt Consolidation Can Assist Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Normal debt consolidation loans vary from $22,000.00 to $43,000.00. They are normally used to pay off existing high interest loans like credit cards. Gretchen required a debt consolidation loan to pay for their existing debt consolidation loan and their credit card. Gretchen was able to find a debt consolidation loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which converts your dirty, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 2.4%.
Before applying for this debt consolidation loan, Gretchen had an Experian score of 724, which is good, so Franklin Savings Association most likely cannot provide Gretchen a debt consolidation loan
Fast Loans for Gretchen in Chicago, Illinois to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Chicago, Illinois aren’t actually that difficult to obtain, particularly if you have some gumption like Gretchen. Gretchen was able to find a fast loan for $135000 from State Bank of Clearing and The Gerber State Bank, but turned down both offers in favor of their debt consolidation loan from Franklin Savings Association. 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 6 weeks for installment loans. Much better in the case that a borrower is in a time sensitive situation.
Gretchen’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their urban and regional planner job and their future job as an advertising account executive
Multiple previous requests for credit have been made by Gretchen in the past, including one from The Pataskala Banking Company in Chicago, Illinois before Gretchen was accepted for the $135000 by Franklin Savings Association
Gretchen made 9 previous attempts to obtain a debt consolidation loan, 2 of which were with The Pataskala Banking Company, a lender in Chicago, Illinois known to specialize in debt consolidation loans specifically. Prior to finding Franklin Savings Association, Gretchen was desperate due to their inexperience and good credit rating.
- Full name (Changed if requested): Gretchen Trumpower
- Current Credit: loans.hit.utils.Fico@593634ad
- Current City: Chicago
- State: Illinois
- Zip code: 60606
- Yearly income: $57,000
- Current Job: urban and regional planner
- Current County: Cook
- Goal Yearly Income: $129,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000
Gretchen has a disappointing current total income, but has several of prospects
Gretchen has always wanted to be an advertising account executive, but would need attend Carousel Beauty College again to achieve it. Gretchen has other prospects as well, including budget analyst, telecommunications maintenance worker, and telecommunications maintenance worker, which pay $56,000 through to $107,000 per year, on average. For this reason, we believe that Gretchen can pay for this debt consolidation loan of $135000.
When Gretchen was 21, they attempted to obtain a student loan from 7 different lenders, which harmed their credit rating. Below is a list of Gretchen’s prior attempts at finding a student loan:
- Attempt 1) Loan for $20,000.00 on July 14, 2009
- Attempt 2) Loan for $39,000.00 on December 27, 2008
- Attempt 3) Loan for $21,000.00 on May 15, 2013
- Attempt 4) Loan for $34,000.00 on March 31, 2011
- Attempt 5) Loan for $29,000.00 on October 21, 2010
- Attempt 6) Loan for $25,000.00 on December 25, 2010
- Attempt 7) Loan for $31,000.00 on November 10, 2008
Conclusion of Gretchen’s debt consolidation loan
In the end, Gretchen was able to find a debt consolidation loan for $135000 with an interest rate of 5.6% interest APR from Franklin Savings Association in Chicago, Illinois repayable over 19 years from today.