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$56000 No Collateral Loan With Good Credit In Evansville Indiana

$56000 No Collateral Loan – Evansville Indiana, Credit Rating Of 695

  • Experian: 712 – The client had a good Experian score
  • Transunion: 683 – Alphonso had a good credit score with Transunion.
  • Equifax: Alphonso’s Experian score was 695, which is a good credit rating on the Experian rating scheme.

Paraphrased and Standardized Quote from Alphonso for this no collateral loan of $56000, provided by First Federal Savings Bank

Hi, I am Alphonso and I’m from Evansville in Indiana. Vanderburgh, county is where I grew up, and now I need a no collateral loan in Indiana for $56000 to buy a big ticket item. It wasn’t easy, but First Federal Savings Bank really came through for me with this loan for 6.2% interest APR and a term of 23 years. I can repay the loan over the 23 year term, including interest. A big thanks to First Federal Savings Bank for trusting me and my good credit. It look me 8 years to build my credit to 695, and I won’t tarnish it any future. I am pleased with Find Texas Loans for helping me this far.

Before applying for this no collateral loan, Alphonso had an Experian score of 712, which is good, so First Federal Savings Bank likely cannot provide Alphonso a no collateral loan

Experian Score: 712

Previous requests on Alphonso’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$51120.00 4 11.1% $1323.71 The Citizens Exchange Bank October 12, 2011
$51200.00 11 7.3% $565.35 Alliance Bank October 9, 2013
$50570.00 7 5.7% $731.5 Farmers State Bank August 26, 2014
$51110.00 4 6.2% $1205.01 First United Bank, National Association February 6, 2015
$51100.00 6 7.7% $888.48 Farmers State Bank April 7, 2015

Contact Details for First Federal Savings Bank, the provider of this no collateral loan

  • First Federal Savings Bank
  • City: Evansville
  • State: Indiana
  • Address: 5001 Davis Lant Drive
  • County: Vanderburgh
  • Zip code: 47715

Signature Loan found in Evansville, Indiana for $56000 with good credit by Alphonso

A lot of clients struggle with obtaining signature loans in Evansville, Indiana, and Alphonso is the same. Alphonso went to 8 lenders or more before settling on First Federal Savings Bank, who offered Alphonso a signature loan for $56000. Typical signature loans simply need a client, like Alphonso’s signature to get them, up to $31,000 in some cases. Alphonso was able to get $56000 as a no collateral loan, which is very high for a no collateral loan. Because signature loans don’t need collateral, they generally need higher credit, as high as 732

Fast Loans for Alphonso in Evansville, Indiana to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Evansville, Indiana aren’t actually that difficult to obtain, particularly if you have some gumption like Alphonso. Alphonso was able to find a fast loan for $56000 from STAR, Financial Bank, Elwood and Norwest Bank Angola, but turned down both offers in favor of their no collateral loan from First Federal Savings Bank. 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 5 weeks for installment loans. Much better if you are in a time sensitive situation.

Many past requests for credit have been made by Alphonso in the past, including one from The Old Exchange National Bank of Okawville in Evansville, Indiana before Alphonso was approved for the $56000 by First Federal Savings Bank

Alphonso made 8 previous attempts to obtain a no collateral loan, 2 of which were with The Old Exchange National Bank of Okawville, a lending institution in Evansville, Indiana known to specialize in no collateral loans specifically. Prior to finding First Federal Savings Bank, Alphonso was concerned due to their inexperience and good credit score.

Alphonso’s Transunion score was altered by the no collateral loan loan, changing to 683 from 695, which is normal in our experience.

Transunion Score: 683

When Alphonso was 24, they attempted to obtain a student loan from 6 alternate lenders, which harmed their credit rating. Below is a list of Alphonso’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $29,000.00 on March 7, 2011
  • Attempt 2) Loan for $29,000.00 on November 7, 2009
  • Attempt 3) Loan for $22,000.00 on May 15, 2013
  • Attempt 4) Loan for $35,000.00 on August 26, 2013
  • Attempt 5) Loan for $39,000.00 on June 23, 2009
  • Attempt 6) Loan for $33,000.00 on November 15, 2012

9 Months in the Past, Alphonso Tried to Find a High Risk Loan for $39,000.00, but They Didn’t Find What They were Expecting

It 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 the like, which can be physically harmful to borrowers like Alphonso. Alphonso chose not to obtain a high risk loan this time. High Risk loans are given to very low credit individuals. Individuals with credit scores as low as 318 can apply for a high risk loan and have a chance to be accepted.

Client Profile: Alphonso Belew of Evansville, Indiana
  • Full name (Changed if requested): Alphonso Belew
  • Current Credit: loans.hit.utils.Fico@7506e922
  • Current City: Evansville
  • State: Indiana
  • Zip code: 47716
  • Yearly income: $38,000
  • Current Job: mail clerk
  • Current County: Vanderburgh
  • Goal Yearly Income: $142,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Alphonso’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their mail clerk job and their future job as a hazardous materials removal worker

Fico Score: 695

Personal Loan for a mail clerk named Alphonso in Evansville, Indiana to Pay Off Kohl’s Charge Card

Alphonso had a lot of credit card debt on their City National Bank Visa Signature Card and their Reach Out and Read Visa Card, and they were starting to get in over their heads. Despite Alphonso’s job as a mail clerk, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Alphonso was declined by Alexandria Banking Company 5 times before being granted funding by First Federal Savings Bank at 5001 Davis Lant Drive

On September 7, 2009, Alphonso inquired about borrowing $46,000 from The Stockwell State Bank with Jamie, their friend from just outside Evansville, and even with the co-signer, Alphonso was rejected for this no collateral loan. With good credit, it can be very hard to obtain financing, even with collateral and a co-signer.

Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans vary from $26,000.00 to $58,000.00. They are normally used to pay off existing high interest loans like credit cards. Alphonso required a debt consolidation loan to pay for their existing no collateral loan and their payday loan. Alphonso was able to find a no collateral loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which converts your less desirable, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.6%.

Alphonso has a very low current yearly income, but has several of prospects

Alphonso has always wanted to be a hazardous materials removal worker, but would need attend University of Indianapolis again to become one. Alphonso has other possibilities as well, including meter mechanic, chaplain, and geography professor, which pay $50,000 through to $108,000 per year, at least. For this reason, we believe that Alphonso can afford this no collateral loan of $56000.

Installment loan for Alphonso, a graduate of University of Indianapolis and a mail clerk working for over $77,000 per year

Alphonso, an alumnus at University of Indianapolis and a mail clerk in Evansville, Indiana needs a no collateral loan to purchase a house. Alphonso has instead chosen to obtain an installment loan for $25,000 and is currently seeking lenders like State Bank of Lizton to process their request.

Conclusion of Alphonso’s no collateral loan

In the end, Alphonso was able to find a no collateral loan for $56000 with an interest rate of 10.3% interest APR from First Federal Savings Bank in Evansville, Indiana repayable over 23 years from today.

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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Names of borrowers and lenders have been modified, substituted, or fictionalized for search and privacy purposes. Information presented here is for entertainment purposes only and should not be interpreted as the truth.