$148000 Private Loan – Rochester Hills Michigan, Credit Rating Of 363
- Experian: 377 – The client had a terrible Experian rating
- Transunion: 345 – Dorthea had a terrible credit score with Transunion.
- Equifax: Dorthea’s Experian score was 363, which is a terrible credit rating using the Experian system.
Installment loan for Dorthea, a graduate of East Tennessee State University and an agricultural product sorter working for over $71,000 per year
Dorthea, an alumnus at East Tennessee State University and an agricultural product sorter in Rochester Hills, Michigan needs a private loan to purchase a house. Dorthea has instead chosen to obtain an installment loan for $21,000 and is currently seeking lenders like NBD Ann Arbor, National Association to provide it.
Before applying for this private loan, Dorthea had an Experian score of 377, which is terrible, so Community Plus Savings Bank most likely cannot provide Dorthea a private loan
Dorthea’s Overall FICO score at the time of acceptance for a private loan, taking into account their agricultural product sorter job and their future job as an employment interviewer
When Dorthea was 22, they tried to obtain a student loan from 5 alternate banks, which damaged their credit rating. Below is a chronology of Dorthea’s previous attempts at finding a student loan:
- Attempt 1) Loan for $23,000.00 on April 22, 2010
- Attempt 2) Loan for $37,000.00 on August 19, 2010
- Attempt 3) Loan for $34,000.00 on August 27, 2010
- Attempt 4) Loan for $27,000.00 on November 29, 2010
- Attempt 5) Loan for $22,000.00 on August 15, 2011
Dorthea was rejected by FMB-Old State Bank 4 times before being approved by Community Plus Savings Bank at 310 Tienken Road
On January 8, 2009, Dorthea applied about borrowing $34,000 from Citizens Bank with Stacia, their friend from just outside Rochester Hills, and even with the co-signer, Dorthea was rejected for this private loan. With terrible credit, it can be a challenge to obtain financing, even with collateral and a co-signer.
Dorthea’s Transunion score was changed by the private loan loan, changing to 345 from 363, which is typical in our experience.
Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans
Normal debt consolidation loans range from $34,000.00 to $43,000.00. They are normally used to pay off existing high interest loans like credit cards. Dorthea required a debt consolidation loan to pay for their existing private loan and their loan shark loan. Dorthea was able to find a private loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which changes your less desirable, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 4.2%.
Fast Loans for Dorthea in Rochester Hills, Michigan to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Rochester Hills, Michigan aren’t actually that difficult to obtain, particularly if you have some finesse like Dorthea. Dorthea was able to find a fast loan for $148000 from NBD Grand Haven and First of America Bank – Frankenmuth, but turned down both offers in favor of their private loan from Community Plus Savings Bank. 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 debt consolidation loans. A big improvement if a client is on the go.
Signature Loan acquired in Rochester Hills, Michigan for $148000 with terrible credit by Dorthea
Most clients struggle with finding signature loans in Rochester Hills, Michigan, and Dorthea is the same. Dorthea went to 6 lending institutions or more before settling on Community Plus Savings Bank, who offered Dorthea a signature loan for $148000. Most signature loans simply need a client, like Dorthea’s signature to obtain them, up to $49,000 in some cases. Dorthea was able to get $148000 as a private loan, which is very high for a private loan. Since signature loans don’t require collateral, they tend to need better credit, as high as 778
Previous requests on Dorthea’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$66520.00||10||8.8%||$835.46||Society Bank, Lenawee||August 6, 2010|
|$66600.00||4||10.6%||$1708.4||Bank of Lenawee||December 1, 2011|
|$66850.00||10||6.3%||$752.28||First of America Bank – Alpena||September 21, 2012|
|$67180.00||6||8.4%||$1191.05||NBD Ann Arbor, National Association||July 4, 2013|
|$67210.00||8||8.1%||$953.55||First of America Bank – Mid Michigan, National Association||July 30, 2014|
Dorthea has a very low current yearly income, but has several of prospects
Dorthea has always wanted to be an employment interviewer, but would need attend East Tennessee State University again to achieve it. Dorthea has other possibilities as well, including merchandise displayer, financial aid counselor, and criminal lawyer, which pay $56,000 through to $97,000 per year, on average. For this reason, we think that Dorthea can afford this private loan of $148000.
Contact Details for Community Plus Savings Bank, the provider of this private loan
- Community Plus Savings Bank
- City: Rochester Hills
- State: Michigan
- Address: 310 Tienken Road
- County: Oakland
- Zip code: 48306
Many previous requests for credit have been made by Dorthea in the past, including one from The Bank of Mid-Jersey in Rochester Hills, Michigan before Dorthea was approved for the $148000 by Community Plus Savings Bank
Dorthea made 5 previous tries to obtain a private loan, 2 of which were with The Bank of Mid-Jersey, a lender in Rochester Hills, Michigan known to specialize in private loans specifically. Prior to finding Community Plus Savings Bank, Dorthea was very concerned due to their inexperience and terrible credit rating.
Personal Loan for an agricultural product sorter named Dorthea in Rochester Hills, Michigan to Pay Off The Home Depot Consumer Credit Card
Dorthea had a lot of credit card debt on their Solvay Bank Visa Platinum Preferred Card and their Coppermark Bank Credit Cards, and they were starting to get in over their heads. Despite Dorthea’s job as an agricultural product sorter, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
- Full name (Changed if requested): Dorthea Delawder
- Current Credit: loans.hit.utils.Fico@6e5e91e4
- Current City: Rochester Hills
- State: Michigan
- Zip code: 48307
- Yearly income: $40,000
- Current Job: agricultural product sorter
- Current County: Oakland
- Goal Yearly Income: $98,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000
6 Months in the Past, Dorthea Attempted Finding a High Risk Loan for $37,000.00, and it was Hard
It is an ongoing struggle for clients to find high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Dorthea. Dorthea decided not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit applicants. Borrowers with credit ratings as low as 528 can inquire for a high risk loan and may be be approved.
Paraphrased and Standardized Quote from Dorthea for this private loan of $148000, provided by Community Plus Savings Bank
Hi, I am Dorthea and I’m from Rochester Hills in Michigan. Oakland, county is where I grew up, and now I need a private loan in Michigan for $148000 to avoid bankruptcy. It has been difficult, but Community Plus Savings Bank really came through for me with this loan for 5.5% interest APR and a term of 12 years. I can repay the loan over the 12 year term, including interest. A big thanks to Community Plus Savings Bank for giving me a chance and my terrible credit. It look me 4 years to create my credit to 363, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for helping me this far.
Conclusion of Dorthea’s private loan
In the end, Dorthea was able to find a private loan for $148000 with an interest rate of 10.2% interest APR from Community Plus Savings Bank in Rochester Hills, Michigan repayable over 12 years from today.