$138000 Student Loan – Port Austin Michigan, Credit Rating Of 728
- Experian: 746 – This individual had an excellent Experian rating
- Transunion: 713 – Lovella had an excellent credit score with Transunion.
- Equifax: Lovella’s Experian score was 728, which is an excellent credit rating using the Experian system.
Lovella was declined by Bank of Lenawee 4 times prior to being approved by The Port Austin State Bank at 62 East State Street
On March 23, 2012, Lovella applied about borrowing $14,000 from Chemical Bank Cass City with Traci, their friend from just outside Port Austin, and even with the co-signer, Lovella was rejected for this student loan. With excellent credit, it can be difficult to procure funding, even with collateral and a co-signer.
Installment loan for Lovella, a graduate of George Corley Wallace State Community College – Selma and an insurance lawyer working for over $79,000 per year
Lovella, an alumnus at George Corley Wallace State Community College – Selma and an insurance lawyer in Port Austin, Michigan wants a student loan to purchase a house. Lovella has instead decided to obtain an installment loan for $13,000 and is currently seeking lenders like Chemical Bank to process their request.
Many past requests for credit have been made by Lovella in the past, including one from The Long Island Savings Bank, FSB in Port Austin, Michigan before Lovella was accepted for the $138000 by The Port Austin State Bank
Lovella made 8 previous attempts to obtain a student loan, 2 of which were with The Long Island Savings Bank, FSB, a lending institution in Port Austin, Michigan known to specialize in student loans specifically. Prior to finding The Port Austin State Bank, Lovella was desperate due to their inexperience and excellent credit score.
Lovella’s Transunion score was changed by the student loan loan, changing to 713 from 728, which is normal in our experience.
Contact Details for The Port Austin State Bank, the provider of this student loan
- The Port Austin State Bank
- City: Port Austin
- State: Michigan
- Address: 62 East State Street
- County: Huron
- Zip code: 48467
Fast Loans for Lovella in Port Austin, Michigan to prevent bankruptcy or harm from debt collectors.
Fast loans in Port Austin, Michigan aren’t actually that difficult to obtain, particularly if you have some finesse like Lovella. Lovella was able to find a fast loan for $138000 from Union Savings Bank of Manchester and First of America Bank – Manistee, but declined both offers in favor of their student loan from The Port Austin State Bank. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. A big improvement if you are on the go.
When Lovella was 22, they attempted to obtain a student loan from 6 alternate lenders, which damaged their credit rating. Below is a chronology of Lovella’s previous attempts at finding a student loan:
- Attempt 1) Loan for $30,000.00 on March 12, 2009
- Attempt 2) Loan for $33,000.00 on October 18, 2010
- Attempt 3) Loan for $34,000.00 on December 11, 2011
- Attempt 4) Loan for $26,000.00 on November 10, 2008
- Attempt 5) Loan for $28,000.00 on August 30, 2009
- Attempt 6) Loan for $39,000.00 on October 12, 2011
- Full name (Changed if requested): Lovella Pittard
- Current Credit: loans.hit.utils.Fico@7fbe847c
- Current City: Port Austin
- State: Michigan
- Zip code: 48474
- Yearly income: $60,000
- Current Job: insurance lawyer
- Current County: Huron
- Goal Yearly Income: $85,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000
Paraphrased and Standardized Quote from Lovella for this student loan of $138000, provided by The Port Austin State Bank
Hello, I am Lovella and I am from Port Austin in Michigan. Huron, county is where I grew up, and now I need a student loan in Michigan for $138000 to avoid bankruptcy. It has been difficult, but The Port Austin State Bank really came through for me with this loan for 10.0% interest APR and a term of 3 years. I can probably repay the loan over the 3 year term, including interest. A big thanks to The Port Austin State Bank for giving me a chance and my excellent credit. It look me 4 years to build my credit to 728, and I won’t tarnish it any future. I am happy with Find Texas Loans for helping me this far.
Lovella’s Overall FICO score at the time of acceptance for a student loan, taking into account their insurance lawyer job and their future career as a stress analyst engineer
Lovella has a very low current total income, but has a high number of prospects
Lovella has always wanted to be a stress analyst engineer, but would need attend George Corley Wallace State Community College – Selma again to become one. Lovella has other possibilities as well, including motor vehicle inspector, elementary school teacher, and ordinary seamen, which pay $50,000 through to $93,000 per year, at least. Because of this, we believe that Lovella can afford this student loan of $138000.
Before applying for this student loan, Lovella had an Experian score of 746, which is excellent, so The Port Austin State Bank most likely cannot provide Lovella a student loan
Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Normal debt consolidation loans vary from $35,000.00 to $48,000.00. They are mainly used to pay off existing high interest loans like credit cards. Lovella needed a debt consolidation loan to pay for their existing student loan and their loan shark loan. Lovella was able to find a student loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.1%.
Previous requests on Lovella’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$15590.00||8||9.7%||$234.1||Society Bank, Lenawee||January 6, 2013|
|$15530.00||7||6.8%||$232.87||Bank of Lenawee||October 16, 2014|
|$15630.00||3||9.8%||$502.87||First of America Bank – Alpena||March 13, 2015|
|$16480.00||11||5.7%||$168.34||NBD Ann Arbor, National Association||April 3, 2015|
Personal Loan for an insurance lawyer named Lovella in Port Austin, Michigan to Pay Off Navy FCU nRewards Credit Card
Lovella had a lot of credit card debt on their Justice FCU Student Rewards Visa Card and their Fulton Bank College Rewards Visa Card, and they were starting to get in over their heads. Despite Lovella’s job as an insurance lawyer, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Signature Loan acquired in Port Austin, Michigan for $138000 with excellent credit by Lovella
A lot of clients have difficulty with obtaining signature loans in Port Austin, Michigan, and Lovella is no exception. Lovella went to 8 lending institutions or more before settling on The Port Austin State Bank, who offered Lovella a signature loan for $138000. Typical signature loans simply need a client, like Lovella’s signature to get them, up to $21,000 in some cases. Lovella was able to get $138000 as a student loan, which is very high for a student loan. Since signature loans do not need a cosigner, these loans generally need improved credit, as high as 726
6 Months Ago, Lovella Attempted Finding a High Risk Loan for $24,000.00, but They Didn’t Find What They were Expecting
It is an ongoing struggle for clients to find high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Lovella. Lovella chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit individuals. Individuals with credit ratings as low as 440 can inquire for a high risk loan and have a chance to be approved.
Conclusion of Lovella’s student loan
In the end, Lovella was able to find a student loan for $138000 with an interest rate of 10.4% interest APR from The Port Austin State Bank in Port Austin, Michigan repayable over 3 years from now.