$28000 Fast Loan – Chicago Illinois, Credit Score Of 388
- Experian: 404 – This client had a terrible Experian score
- Transunion: 372 – Damaris had a terrible credit rating with Transunion.
- Equifax: Damaris’s Experian score was 388, which is a terrible credit score on the Experian rating scheme.
Damaris has a low current total income, but has several of prospects
Damaris has always wanted to be a cook, but would need attend Thomas M. Cooley Law School again to achieve it. Damaris has other prospects as well, including athletic director, high school administrator, and exhibit artist, which pay $56,000 through to $102,000 per year, on average. For this reason, we think that Damaris can afford this fast loan of $28000.
When Damaris was 22, they attempted to obtain a student loan from 7 different banks, which damaged their credit score. Below is a chronology of Damaris’s prior attempts at finding a student loan:
- Attempt 1) Loan for $25,000.00 on July 3, 2010
- Attempt 2) Loan for $27,000.00 on January 15, 2014
- Attempt 3) Loan for $35,000.00 on January 25, 2009
- Attempt 4) Loan for $38,000.00 on July 14, 2011
- Attempt 5) Loan for $36,000.00 on March 13, 2013
- Attempt 6) Loan for $21,000.00 on July 28, 2011
- Attempt 7) Loan for $30,000.00 on April 16, 2009
- Full name (Changed if requested): Damaris Mcennis
- Current Credit: loans.hit.utils.Fico@de0a01f
- Current City: Chicago
- State: Illinois
- Zip code: 60615
- Yearly income: $34,000
- Current Job: door to door salesmen
- Current County: Cook
- Goal Yearly Income: $89,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000
Installment loan for Damaris, a graduate of Thomas M. Cooley Law School and a door to door salesmen working for over $68,000 per year
Damaris, an alumnus at Thomas M. Cooley Law School and a door to door salesmen in Chicago, Illinois wants a fast loan to purchase a house. Damaris has instead decided to obtain an installment loan for $3,000 and is at present seeking lenders like Drexel National Bank to process their request.
Damaris’s Overall FICO score at the time of acceptance for a fast loan, taking into account their door to door salesmen job and their future job as a cook
Damaris was declined by Community Banks of Shelby County 4 times prior to being granted funding by First Chicago Bank & Trust at 1040 W Randolph St
On February 2, 2009, Damaris applied about borrowing $49,000 from Citizens State Bank of Milford with Angelique, their friend from just outside Chicago, and even with the co-signer, Damaris was rejected for this fast loan. With terrible credit, it can be a challenge to obtain funding, even with collateral and a co-signer.
Contact Details for First Chicago Bank & Trust, the provider of this fast loan
- First Chicago Bank & Trust
- City: Chicago
- State: Illinois
- Address: 1040 W Randolph St
- County: Cook
- Zip code: 60607
Several previous requests for credit have been made by Damaris in the past, including one from Desoto Federal Savings and Loan Association in Chicago, Illinois before Damaris was accepted for the $28000 by First Chicago Bank & Trust
Damaris made 4 previous tries to obtain a fast loan, 2 of which were with Desoto Federal Savings and Loan Association, a bank in Chicago, Illinois known to specialize in fast loans specifically. Before finding First Chicago Bank & Trust, Damaris was desperate due to their inexperience and terrible credit score.
8 Months Ago, Damaris Tried Finding a High Risk Loan for $26,000.00, and it was Easy
There is an well known struggle for clients to get high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Damaris. Damaris chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit borrowers. Borrowers with credit scores as low as 510 can inquire for a high risk loan and may be be accepted.
Paraphrased and Standardized Quote from Damaris for this fast loan of $28000, provided by First Chicago Bank & Trust
Hi, I am Damaris and I’m from Chicago in Illinois. Cook, county is where I grew up, and now I need a fast loan in Illinois for $28000 to buy a car. It wasn’t easy, but First Chicago Bank & Trust really came through for me with this loan for 5.5% interest APR and a term of 6 years. I can repay the loan over the 6 year term, including interest. A big thanks to First Chicago Bank & Trust for trusting me and my terrible credit. It look me 4 years to build my credit to 388, and I won’t harm it any more. I am pleased with Find Texas Loans for helping me this far.
Fast Loans for Damaris in Chicago, Illinois to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Chicago, Illinois aren’t actually that difficult to obtain, especially if you have some gumption like Damaris. Damaris was able to find a fast loan for $28000 from The State Bank of Geneva and The Gerber State Bank, but turned down both offers in favor of their fast loan from First Chicago Bank & Trust. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. An improvement if a borrower is in a pinch.
Debt Consolidation Can Assist Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Normal debt consolidation loans range from $23,000.00 to $53,000.00. They are mainly used to pay off existing high interest loans like credit cards. Damaris needed a debt consolidation loan to pay for their existing fast loan and their credit card. Damaris was able to find a fast loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which changes your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.0%.
Personal Loan for a door to door salesmen named Damaris in Chicago, Illinois to Pay Off New York & Company Credit Cards
Damaris had a tonne of credit card debt on their Integra Bank Credit Cards and their Alabama Central Credit Union MasterCard, and they were starting to get in over their heads. Despite Damaris’s job as a door to door salesmen, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Before applying for this fast loan, Damaris had an Experian score of 404, which is terrible, so First Chicago Bank & Trust likely cannot provide Damaris a fast loan
Previous requests on Damaris’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$147510.00||11||7.4%||$1636.61||The Gerber State Bank||February 15, 2014|
|$148230.00||3||9.1%||$4720.58||The Belvidere National Bank and Trust Company||October 14, 2014|
|$148230.00||5||8.6%||$3048.31||Commerce Bank||March 2, 2015|
|$148420.00||3||6.4%||$4542.17||Byron Bank||April 18, 2015|
|$148390.00||11||5.2%||$1478.53||Amalgamated Bank of Chicago||June 5, 2015|
Signature Loan found in Chicago, Illinois for $28000 with terrible credit by Damaris
A lot of prospective borrowers struggle with obtaining signature loans in Chicago, Illinois, and Damaris is no different. Damaris went to 4 lenders or more prior to settling on First Chicago Bank & Trust, who offered Damaris a signature loan for $28000. Typical signature loans simply need a client, like Damaris’s signature to get them, up to $35,000 in some cases. Damaris was able to get $28000 as a fast loan, which is very high for a fast loan. Since signature loans don’t require collateral, they tend to require higher credit, as high as 729
Damaris’s Transunion score was altered by the fast loan loan, changing to 372 from 388, which is normal in our experience.
Conclusion of Damaris’s fast loan
In the end, Damaris was able to find a fast loan for $28000 with an interest rate of 11.0% interest APR from First Chicago Bank & Trust in Chicago, Illinois repayable over 6 years from now.