$82000 Consolidation Loan – Auburn Indiana, Credit Rating Of 753
- Experian: 764 – They had an excellent Experian score
- Transunion: 741 – Gidget had an excellent credit score with Transunion.
- Equifax: Gidget’s Experian score was 753, which is an excellent credit score using the Experian rating scheme.
Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Average debt consolidation loans vary from $31,000.00 to $56,000.00. They are typically used to pay off existing high interest loans like credit cards. Gidget needed a debt consolidation loan to pay for their existing consolidation loan and their payday loan. Gidget was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which changes your less desirable, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 2.7%.
Gidget has a very low current total income, but has several of prospects
Gidget has always wanted to be a biomedical engineer, but would have to attend National Louis University again to achieve it. Gidget has other prospects as well, including airline flight operations administrator, solid waste disposal administrator, and product planner, which pay $53,000 through to $99,000 per year, on average. For this reason, we think that Gidget can afford this consolidation loan of $82000.
- Full name (Changed if requested): Gidget Szczepanek
- Current Credit: loans.hit.utils.Fico@5c29bfd
- Current City: Auburn
- State: Indiana
- Zip code: 46715
- Yearly income: $67,000
- Current Job: sports events business manager
- Current County: Dekalb
- Goal Yearly Income: $107,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000
Fast Loans for Gidget in Auburn, Indiana to prevent bankruptcy or harm from debt collectors.
Fast loans in Auburn, Indiana aren’t actually that difficult to obtain, particularly if you have some gumption like Gidget. Gidget was able to find a fast loan for $82000 from Community State Bank and American State Bank, but turned down both offers in favor of their consolidation loan from The Auburn State Bank. 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 6 weeks for debt consolidation loans. Much better if a borrower is in a time sensitive situation.
Paraphrased and Standardized Quote from Gidget for this consolidation loan of $82000, provided by The Auburn State Bank
Hello, I am Gidget and I am from Auburn in Indiana. Dekalb, county is where I grew up, and now I need a consolidation loan in Indiana for $82000 to buy a car. It has been difficult, but The Auburn State 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 Auburn State Bank for giving me a chance and my excellent credit. It look me 7 years to create my credit to 753, and I won’t tarnish it any future. I’m happy with Find Texas Loans for assisting me this far.
6 Months Ago, Gidget Attempted Finding a High Risk Loan for $43,000.00, and it was Easy
There is an ongoing struggle for clients to find high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Gidget. Gidget decided not to get a high risk loan this time. High Risk loans are given to very low credit borrowers. Borrowers with credit ratings as low as 330 can inquire for a high risk loan and possibly can be approved.
Gidget’s Transunion score was altered by the consolidation loan loan, changing to 741 from 753, which is normal in our experience.
When Gidget was 24, they attempted to obtain a student loan from 7 alternate lenders, which harmed their credit score. Below is a list of Gidget’s previous attempts at finding a student loan:
- Attempt 1) Loan for $28,000.00 on August 27, 2009
- Attempt 2) Loan for $24,000.00 on December 9, 2012
- Attempt 3) Loan for $39,000.00 on October 27, 2008
- Attempt 4) Loan for $37,000.00 on September 22, 2009
- Attempt 5) Loan for $34,000.00 on March 12, 2009
- Attempt 6) Loan for $35,000.00 on September 9, 2013
- Attempt 7) Loan for $28,000.00 on February 18, 2011
Signature Loan easily acquired in Auburn, Indiana for $82000 with excellent credit by Gidget
A lot of borrowers struggle with finding signature loans in Auburn, Indiana, and Gidget is not an exception. Gidget went to 4 lending institutions or more before settling on The Auburn State Bank, who offered Gidget a signature loan for $82000. Typical signature loans simply need a client, like Gidget’s signature to obtain them, up to $33,000 in some cases. Gidget was able to get $82000 as a consolidation loan, which is very high for a consolidation loan. Since signature loans don’t need a cosigner, these loans generally require better credit, as high as 798
Gidget was not approved by Farmers State Bank 4 times before being granted funding by The Auburn State Bank at Main And Seventh Streets
On December 31, 2011, Gidget inquired about borrowing $35,000 from Ameritrust Bank, Morgan County with Wilhemina, their friend from just outside Auburn, and even with the co-signer, Gidget was rejected for this consolidation loan. With excellent credit, it can be challenging to obtain funding, even with collateral and a co-signer.
Before applying for this consolidation loan, Gidget had an Experian score of 764, which is excellent, so The Auburn State Bank probably cannot provide Gidget a consolidation loan
Several other requests for credit have been made by Gidget in the past, including one from Commerce and Energy Bank of Lafayette in Auburn, Indiana before Gidget was approved for the $82000 by The Auburn State Bank
Gidget made 7 previous tries to obtain a consolidation loan, 2 of which were with Commerce and Energy Bank of Lafayette, a bank in Auburn, Indiana known to specialize in consolidation loans specifically. Prior to finding The Auburn State Bank, Gidget was concerned due to their inexperience and excellent credit rating.
Previous requests on Gidget’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$68120.00||7||9.8%||$1123.85||The Citizens Exchange Bank||June 11, 2010|
|$68180.00||5||6.7%||$1340.42||Alliance Bank||June 14, 2010|
|$67700.00||8||5.8%||$883.1||Farmers State Bank||May 25, 2013|
|$67540.00||4||11.7%||$1768.66||First United Bank, National Association||March 27, 2014|
|$68430.00||5||8.8%||$1413.86||Farmers State Bank||November 13, 2014|
Installment loan for Gidget, a graduate of National Louis University and a sports events business manager working for over $73,000 per year
Gidget, an alumnus at National Louis University and a sports events business manager in Auburn, Indiana needs a consolidation loan to purchase a car. Gidget has instead chosen to get an installment loan for $15,000 and is currently seeking lenders like Fowler State Bank to provide it.
Contact Details for The Auburn State Bank, the provider of this consolidation loan
- The Auburn State Bank
- City: Auburn
- State: Indiana
- Address: Main And Seventh Streets
- County: Dekalb
- Zip code: 46706
Personal Loan for a sports events business manager named Gidget in Auburn, Indiana to Pay Off Sam’s Club Credit Card
Gidget had a lot of credit card debt on their Korean Air SkyBlue SKYPASS Visa Card and their The Swedish-American Chambers of Commerce, Inc. Visa Platinum Rewards Card, and they were starting to get in over their heads. Despite Gidget’s job as a sports events business manager, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Gidget’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their sports events business manager job and their future career as a biomedical engineer
Conclusion of Gidget’s consolidation loan
In the end, Gidget was able to find a consolidation loan for $82000 with an interest rate of 8.3% interest APR from The Auburn State Bank in Auburn, Indiana repayable over 20 years from now.