$132000 Consolidation Loan – Lynchburg Ohio, Credit Rating Of 676
- Experian: 692 – The client had a good Experian rating
- Transunion: 663 – Dacia had a good credit score with Transunion.
- Equifax: Dacia’s Experian score was 676, which is a good credit score on the Experian scale.
Dacia’s Transunion score was changed by the consolidation loan loan, changing to 663 from 676, which is normal in our experience.
Dacia was declined by The Freeport State Bank 5 times prior to being granted funding by The Farmers Exchange Bank at Main Street
On November 1, 2009, Dacia applied about borrowing $46,000 from The Ohio Valley Bank Company with Adolph, their in law from just outside Lynchburg, and even with the co-signer, Dacia was rejected for this consolidation loan. With good credit, it can be very hard to obtain financing, even with collateral and a co-signer.
When Dacia was 22, they tried to obtain a student loan from 5 alternate lenders, which damaged their credit score. Below is a list of Dacia’s previous attempts at finding a student loan:
- Attempt 1) Loan for $31,000.00 on November 15, 2008
- Attempt 2) Loan for $27,000.00 on October 15, 2009
- Attempt 3) Loan for $29,000.00 on April 24, 2011
- Attempt 4) Loan for $31,000.00 on May 25, 2011
- Attempt 5) Loan for $37,000.00 on September 7, 2011
Dacia’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their police officer job and their future job as an overhead door installer
Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks
Normal debt consolidation loans vary from $31,000.00 to $48,000.00. They are mainly used to pay off existing high interest loans like credit cards. Dacia required a debt consolidation loan to pay for their existing consolidation loan and their payday loan. Dacia was able to find a consolidation loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 2.3%.
Signature Loan found in Lynchburg, Ohio for $132000 with good credit by Dacia
A lot of clients have difficulty with obtaining signature loans in Lynchburg, Ohio, and Dacia is not an exception. Dacia went to 8 lending institutions or more before finding The Farmers Exchange Bank, who offered Dacia a signature loan for $132000. Typical signature loans simply require a client, like Dacia’s signature to obtain them, up to $26,000 in some cases. Dacia was able to get $132000 as a consolidation loan, which is very high for a consolidation loan. Because signature loans don’t require a cosigner, they generally need higher credit, as high as 737
Personal Loan for a police officer named Dacia in Lynchburg, Ohio to Pay Off The Red Devils Visa Platinum Rewards Card
Dacia had a lot of credit card debt on their Walmart Credit Card and their TD Simply Flexible Business Visa Credit Card, and they were starting to get in over their heads. Despite Dacia’s job as a police officer, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Many other requests for credit have been made by Dacia in the past, including one from Community Bank Delaware in Lynchburg, Ohio before Dacia was approved for the $132000 by The Farmers Exchange Bank
Dacia made 7 previous tries to obtain a consolidation loan, 2 of which were with Community Bank Delaware, a lender in Lynchburg, Ohio known to specialize in consolidation loans specifically. Prior to finding The Farmers Exchange Bank, Dacia was desperate due to their inexperience and good credit score.
Fast Loans for Dacia in Lynchburg, Ohio to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Lynchburg, Ohio aren’t actually that difficult to obtain, particularly if you have some gumption like Dacia. Dacia was able to find a fast loan for $132000 from The Firestone Bank and The Provident Bank, but turned down both offers in favor of their consolidation loan from The Farmers Exchange Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. An improvement if you are in a time sensitive situation.
Dacia has a very low current yearly income, but has a large amount of prospects
Dacia has always wanted to be an overhead door installer, but would have to attend Electronic Data Processing College of Puerto Rico again to become one. Dacia has other possibilities as well, including private nurse, pressing machine operator, and catering administrator, which pay $57,000 through to $103,000 per year, at least. For this reason, we believe that Dacia can afford this consolidation loan of $132000.
Contact Details for The Farmers Exchange Bank, the provider of this consolidation loan
- The Farmers Exchange Bank
- City: Lynchburg
- State: Ohio
- Address: Main Street
- County: Highland
- Zip code: 45142
Installment loan for Dacia, a graduate of Electronic Data Processing College of Puerto Rico and a police officer working for over $72,000 per year
Dacia, an alumnus at Electronic Data Processing College of Puerto Rico and a police officer in Lynchburg, Ohio wants a consolidation loan to purchase a car. Dacia has instead decided to get an installment loan for $4,000 and is currently seeking lenders like The Provident Bank to provide it.
Before applying for this consolidation loan, Dacia had an Experian score of 692, which is good, so The Farmers Exchange Bank likely cannot provide Dacia a consolidation loan
7 Months Ago, Dacia Attempted Finding a High Risk Loan for $45,000.00, but They Didn’t Find What They were Expecting
There is an well known struggle for clients 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 frightening to borrowers like Dacia. Dacia chose not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit applicants. Clients with credit scores as low as 595 can inquire for a high risk loan and possibly can be approved.
Previous requests on Dacia’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$133550.00||5||11.1%||$2910.37||The Vinton Banking Company||February 4, 2009|
|$133530.00||10||10.3%||$1786.87||The Ohio Valley Bank Company||April 13, 2011|
|$134190.00||4||6.7%||$3194.7||The Citizens Bank||June 2, 2013|
|$134330.00||10||9.3%||$1723.52||The Peoples Bank||April 2, 2014|
- Full name (Changed if requested): Dacia Mclaws
- Current Credit: loans.hit.utils.Fico@b1a58a3
- Current City: Lynchburg
- State: Ohio
- Zip code: 45146
- Yearly income: $39,000
- Current Job: police officer
- Current County: Highland
- Goal Yearly Income: $91,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000
Paraphrased and Standardized Quote from Dacia for this consolidation loan of $132000, provided by The Farmers Exchange Bank
Hi, I am Dacia and I’m from Lynchburg in Ohio. Highland, county is where I grew up, and now I need a consolidation loan in Ohio for $132000 to avoid bankruptcy. It wasn’t easy, but The Farmers Exchange Bank really came through for me with this loan for 6.3% interest APR and a term of 20 years. I will repay the loan over the 20 year term, including interest. A big thanks to The Farmers Exchange Bank for giving me a chance and my good credit. It look me 7 years to build my credit to 676, and I won’t tarnish it any future. I’m happy with Find Texas Loans for helping me this far.
Conclusion of Dacia’s consolidation loan
In the end, Dacia was able to find a consolidation loan for $132000 with an interest rate of 5.7% interest APR from The Farmers Exchange Bank in Lynchburg, Ohio repayable over 20 years from now.