$10000 No Collateral Loan – Jonesboro Arkansas, Credit Score Of 462
- Experian: 474 – They had a bad Experian score
- Transunion: 446 – Fay had a bad credit rating with Transunion.
- Equifax: Fay’s Experian score was 462, which is a bad credit rating with the Experian system.
Fay was declined by The Security Bank 4 times prior to being accepted by Liberty Bank of Arkansas at 2901 East Highland Drive
On December 27, 2010, Fay applied about borrowing $44,000 from Bank of Bentonville with Nannie, their friend from just outside Jonesboro, and even with the co-signer, Fay was rejected for this no collateral loan. With bad credit, it can be difficult to procure financing, even with collateral and a co-signer.
Fast Loans for Fay in Jonesboro, Arkansas to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Jonesboro, Arkansas aren’t actually that difficult to obtain, particularly if you have some gumption like Fay. Fay was able to find a fast loan for $10000 from Delta Trust & Bank and Allied Bank, but turned down both offers in favor of their no collateral loan from Liberty Bank of Arkansas. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. An improvement if you are on the go.
Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Most debt consolidation loans range from $33,000.00 to $49,000.00. They are typically used to pay off existing high interest loans like credit cards. Fay needed a debt consolidation loan to pay for their existing no collateral loan and their credit card. Fay was able to find a no collateral loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your bad, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.2%.
Contact Details for Liberty Bank of Arkansas, the provider of this no collateral loan
- Liberty Bank of Arkansas
- City: Jonesboro
- State: Arkansas
- Address: 2901 East Highland Drive
- County: Craighead
- Zip code: 72401
Fay’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their tax accountant job and their future job as a teachers aide
Signature Loan acquired in Jonesboro, Arkansas for $10000 with bad credit by Fay
Many prospective borrowers struggle with obtaining signature loans in Jonesboro, Arkansas, and Fay is the same. Fay went to 6 lending institutions or more before settling on Liberty Bank of Arkansas, who offered Fay a signature loan for $10000. Most signature loans simply need a client, like Fay’s signature to obtain them, up to $23,000 in some cases. Fay was able to get $10000 as a no collateral loan, which is very high for a no collateral loan. Because signature loans do not require a cosigner, these loans generally need better credit, as high as 769
When Fay was 23, they attempted to obtain a student loan from 7 different lenders, which harmed their credit score. Below is a list of Fay’s prior attempts at finding a student loan:
- Attempt 1) Loan for $30,000.00 on August 19, 2009
- Attempt 2) Loan for $25,000.00 on May 18, 2009
- Attempt 3) Loan for $25,000.00 on September 15, 2011
- Attempt 4) Loan for $21,000.00 on January 7, 2013
- Attempt 5) Loan for $35,000.00 on December 31, 2012
- Attempt 6) Loan for $22,000.00 on July 22, 2009
- Attempt 7) Loan for $38,000.00 on November 7, 2011
Many other requests for credit have been made by Fay in the past, including one from Wisconsin Savings and Loan Association in Jonesboro, Arkansas before Fay was accepted for the $10000 by Liberty Bank of Arkansas
Fay made 9 previous tries to obtain a no collateral loan, 2 of which were with Wisconsin Savings and Loan Association, a lending institution in Jonesboro, Arkansas known to specialize in no collateral loans specifically. Before finding Liberty Bank of Arkansas, Fay was desperate due to their inexperience and bad credit score.
Personal Loan for a tax accountant named Fay in Jonesboro, Arkansas to Pay Off Jeff Bank Visa Signature Bonus Rewards Card
Fay had a tonne of credit card debt on their University of Pennsylvania and their American State Bank MasterCard, and they were starting to get in over their heads. Despite Fay’s job as a tax accountant, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Fay’s Transunion score was changed by the no collateral loan loan, changing to 446 from 462, which is typical in our experience.
Previous requests on Fay’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$100380.00||11||11.3%||$1331.71||Bank of Weiner||May 31, 2009|
|$99800.00||7||6.7%||$1491.66||Horizon Bank||July 11, 2010|
|$100470.00||10||5.3%||$1080.43||Warren Bank and Trust Company||October 18, 2010|
|$100250.00||4||5.8%||$2345.19||Boatmen’s Bank of Northeast Arkansas||August 29, 2012|
|$100100.00||10||7.2%||$1172.59||The Security Bank||July 16, 2013|
6 Months in the Past, Fay Attempted Finding a High Risk Loan for $48,000.00, and it was Easy
There is an existing struggle for borrowers to get high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Fay. Fay decided not to obtain a high risk loan this time. High Risk loans are given to very low credit clients. Clients with credit scores as low as 360 can apply for a high risk loan and may be be approved.
Before applying for this no collateral loan, Fay had an Experian score of 474, which is bad, so Liberty Bank of Arkansas most likely can provide Fay a no collateral loan
Paraphrased and Standardized Quote from Fay for this no collateral loan of $10000, provided by Liberty Bank of Arkansas
Hello, I am Fay and I am from Jonesboro in Arkansas. Craighead, county is where I grew up, and now I need a no collateral loan in Arkansas for $10000 to pay bills. It has been difficult, but Liberty Bank of Arkansas really came through for me with this loan for 10.0% interest APR and a term of 1 years. I will repay the loan over the 1 year term, including interest. A big thanks to Liberty Bank of Arkansas for giving me a chance and my bad credit. It look me 8 years to build my credit to 462, and I won’t harm it any future. I am pleased with Find Texas Loans for assisting me this far.
Installment loan for Fay, a graduate of Olivet Nazarene University and a tax accountant working for over $79,000 per year
Fay, an alumnus at Olivet Nazarene University and a tax accountant in Jonesboro, Arkansas wants a no collateral loan to purchase a house. Fay has instead decided to obtain an installment loan for $23,000 and is currently seeking lenders like Planters Bank & Trust Company to process their request.
Fay has a disappointing current gross income, but has a large amount of prospects
Fay has always wanted to be a teachers aide, but would need attend Olivet Nazarene University again to achieve it. Fay has other prospects as well, including aquarium curator, furniture designer, and file clerk, which pay $54,000 through to $101,000 per year, at least. For this reason, we believe that Fay can pay for this no collateral loan of $10000.
- Full name (Changed if requested): Fay Bracewell
- Current Credit: loans.hit.utils.Fico@73a28541
- Current City: Jonesboro
- State: Arkansas
- Zip code: 72407
- Yearly income: $35,000
- Current Job: tax accountant
- Current County: Craighead
- Goal Yearly Income: $126,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000
Conclusion of Fay’s no collateral loan
In the end, Fay was able to find a no collateral loan for $10000 with an interest rate of 11.3% interest APR from Liberty Bank of Arkansas in Jonesboro, Arkansas repayable over 1 years from now.