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Student Loan For $4000 Near 41011, Kentucky With A Credit Score Of 656

$4000 Student Loan – Covington Kentucky, Credit Rating Of 656

  • Experian: 670 – This client had a good Experian rating
  • Transunion: 641 – Debera had a good credit score with Transunion.
  • Equifax: Debera’s Experian score was 656, which is a good credit rating on the Experian rating scheme.

Personal Loan for a mechanical engineering technician named Debera in Covington, Kentucky to Pay Off BancorpSouth Student Visa

Debera had a tonne of credit card debt on their Arvest Visa Classic and their True Value Discover Card, and they were starting to get in over their heads. Despite Debera’s job as a mechanical engineering technician, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Debera has a low current yearly income, but has several of prospects

Debera has always wanted to be a metal fabricator, but would have to attend Paul Quinn College again to achieve it. Debera has other possibilities as well, including makeup artists – theatrical, overhead door installer, and agricultural product sorter, which pay $54,000 through to $91,000 per year, at least. Because of this, we think that Debera can pay for this student loan of $4000.

When Debera was 21, they attempted to obtain a student loan from 7 different lenders, which damaged their credit score. Below is a chronology of Debera’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $38,000.00 on December 19, 2008
  • Attempt 2) Loan for $26,000.00 on July 26, 2009
  • Attempt 3) Loan for $36,000.00 on March 22, 2012
  • Attempt 4) Loan for $32,000.00 on December 21, 2009
  • Attempt 5) Loan for $37,000.00 on September 13, 2009
  • Attempt 6) Loan for $38,000.00 on October 26, 2012
  • Attempt 7) Loan for $38,000.00 on August 3, 2010

Signature Loan easily acquired in Covington, Kentucky for $4000 with good credit by Debera

Most prospective borrowers have difficulty with obtaining signature loans in Covington, Kentucky, and Debera is no different. Debera went to 5 lending institutions or more prior to settling on First Federal Bank for Savings of Northern Kentucky, who offered Debera a signature loan for $4000. Typical signature loans simply need a client, like Debera’s signature to obtain them, up to $34,000 in some cases. Debera was able to get $4000 as a student loan, which is very high for a student loan. Since signature loans don’t require collateral, they generally require improved credit, as high as 725

Debera’s Transunion score was changed by the student loan loan, changing to 641 from 656, which is typical in our experience.

Transunion Score: 641

Contact Details for First Federal Bank for Savings of Northern Kentucky, the provider of this student loan

  • First Federal Bank for Savings of Northern Kentucky
  • City: Covington
  • State: Kentucky
  • Address: 501 Main Street
  • County: Kenton
  • Zip code: 41011

Paraphrased and Standardized Quote from Debera for this student loan of $4000, provided by First Federal Bank for Savings of Northern Kentucky

Hi, I am Debera and I am from Covington in Kentucky. Kenton, county is where I grew up, and now I need a student loan in Kentucky for $4000 to avoid bankruptcy. It has been difficult, but First Federal Bank for Savings of Northern Kentucky really came through for me with this loan for 8.3% interest APR and a term of 22 years. I will repay the loan over the 22 year term, including interest. A big thanks to First Federal Bank for Savings of Northern Kentucky for giving me a chance and my good credit. It look me 9 years to build my credit to 656, and I won’t tarnish it any future. I am happy with Find Texas Loans for helping me this far.

Debt Consolidation Can Assist Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans vary from $37,000.00 to $54,000.00. They are typically used to pay off existing high interest loans like credit cards. Debera required a debt consolidation loan to pay for their existing student loan and their credit card. Debera was able to find a student 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 one reduced interest loan. Debt consolidation loans usually have interest rates as low as 2.2%.

Installment loan for Debera, a graduate of Paul Quinn College and a mechanical engineering technician working for over $64,000 per year

Debera, an alumnus at Paul Quinn College and a mechanical engineering technician in Covington, Kentucky wants a student loan to purchase something frivolous. Debera has instead decided to obtain an installment loan for $7,000 and is currently seeking lenders like The First State Bank and Trust Company of Manchester, Kentucky to process their request.

Many previous requests for credit have been made by Debera in the past, including one from Texas Commerce Bank-Pasadena in Covington, Kentucky before Debera was accepted for the $4000 by First Federal Bank for Savings of Northern Kentucky

Debera made 8 previous attempts to obtain a student loan, 2 of which were with Texas Commerce Bank-Pasadena, a lender in Covington, Kentucky known to specialize in student loans specifically. Prior to finding First Federal Bank for Savings of Northern Kentucky, Debera was very concerned due to their inexperience and good credit score.

Debera was declined by Hyden Citizens Bank 4 times prior to being approved by First Federal Bank for Savings of Northern Kentucky at 501 Main Street

On October 31, 2011, Debera inquired about borrowing $11,000 from Simpson County Bank with Catherin, their in law from just outside Covington, and even with the co-signer, Debera was rejected for this student loan. With good credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

Previous requests on Debera’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$46390.00 6 9.8% $854.74 Stock Yards Bank & Trust Company September 27, 2012
$45540.00 5 10.8% $985.61 Farmers Deposit Bank of Brandenburg May 5, 2014
$46370.00 4 8.8% $1149.52 Citizens Bank July 14, 2014
$45780.00 9 9.4% $629.74 Citizens Bank & Trust Company, Burgin, Kentucky August 7, 2014
$45610.00 10 9.4% $587.69 Farmers National Bank January 28, 2015

6 Months Ago, Debera Attempted to Find a High Risk Loan for $20,000.00, and it was Hard

There is an ongoing struggle for clients to get high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Debera. Debera 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 308 can inquire for a high risk loan and possibly can be accepted.

Debera’s Overall FICO score at the time of acceptance for a student loan, taking into account their mechanical engineering technician job and their future career as a metal fabricator

Fico Score: 656

Client Profile: Debera Filhiol of Covington, Kentucky
  • Full name (Changed if requested): Debera Filhiol
  • Current Credit: loans.hit.utils.Fico@433c675d
  • Current City: Covington
  • State: Kentucky
  • Zip code: 41017
  • Yearly income: $53,000
  • Current Job: mechanical engineering technician
  • Current County: Kenton
  • Goal Yearly Income: $142,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Before applying for this student loan, Debera had an Experian score of 670, which is good, so First Federal Bank for Savings of Northern Kentucky likely cannot provide Debera a student loan

Experian Score: 670

Fast Loans for Debera in Covington, Kentucky to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Covington, Kentucky aren’t actually that difficult to obtain, especially if you have some gumption like Debera. Debera was able to find a fast loan for $4000 from Stock Yards Bank & Trust Company and United Community Bank, but turned down both offers in favor of their student loan from First Federal Bank for Savings of Northern Kentucky. The improvement with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. A big difference if you are on the go.

Conclusion of Debera’s student loan

In the end, Debera was able to find a student loan for $4000 with an interest rate of 11.5% interest APR from First Federal Bank for Savings of Northern Kentucky in Covington, Kentucky repayable over 22 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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