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Personal Loan With Reasonable APR In St. Bernard County, Louisiana

$160000 Personal Loan – Chalmette Louisiana, Credit Rating Of 699

  • Experian: 718 – This individual had a good Experian rating
  • Transunion: 682 – Verda had a good credit score with Transunion.
  • Equifax: Verda’s Experian score was 699, which is a good credit rating on the Experian system.

Contact Details for Peoples Bank & Trust Company of St. Bernard, the provider of this personal loan

  • Peoples Bank & Trust Company of St. Bernard
  • City: Chalmette
  • State: Louisiana
  • Address: 1615 East Judge Perez Drive
  • County: St. Bernard
  • Zip code: 70043

Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $34,000.00 to $53,000.00. They are typically used to pay off existing high interest loans like credit cards. Verda required a debt consolidation loan to pay for their existing personal loan and their payday loan. Verda was able to find a personal loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which converts your dirty, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 3.2%.

Personal Loan for a community welfare worker named Verda in Chalmette, Louisiana to Pay Off SEFCU Secured MasterCard

Verda had a tonne of credit card debt on their Plains Commerce Bank MasterCard Classic and their Newport News Credit Card, and they were starting to get in over their heads. Despite Verda’s job as a community welfare worker, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Verda’s Overall FICO score at the time of acceptance for a personal loan, taking into account their community welfare worker job and their future job as an occupational therapist

Fico Score: 699

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

There is an existing struggle for clients to find 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 scary to borrowers like Verda. Verda chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit clients. Clients with credit scores as low as 473 can apply for a high risk loan and possibly can be accepted.

Verda has a sad current total income, but has a large amount of prospects

Verda has always wanted to be an occupational therapist, but would need attend Mount Marty College again to achieve it. Verda has other possibilities as well, including home health aide, costume attendant, and teacher of the blind, which pay $52,000 through to $104,000 per year, at least. For this reason, we believe that Verda can afford this personal loan of $160000.

Signature Loan acquired in Chalmette, Louisiana for $160000 with good credit by Verda

Many borrowers struggle with finding signature loans in Chalmette, Louisiana, and Verda is not an exception. Verda went to 4 lending institutions or more before finding Peoples Bank & Trust Company of St. Bernard, who offered Verda a signature loan for $160000. Most signature loans simply need a client, like Verda’s signature to obtain them, up to $25,000 in some cases. Verda was able to get $160000 as a personal loan, which is very high for a personal loan. Because signature loans do not need collateral, these loans tend to need improved credit, as high as 779

Before applying for this personal loan, Verda had an Experian score of 718, which is good, so Peoples Bank & Trust Company of St. Bernard likely cannot provide Verda a personal loan

Experian Score: 718

Several previous requests for credit have been made by Verda in the past, including one from First State Bank of Algoma in Chalmette, Louisiana before Verda was accepted for the $160000 by Peoples Bank & Trust Company of St. Bernard

Verda made 8 previous attempts to obtain a personal loan, 2 of which were with First State Bank of Algoma, a bank in Chalmette, Louisiana known to specialize in personal loans specifically. Prior to finding Peoples Bank & Trust Company of St. Bernard, Verda was concerned due to their inexperience and good credit rating.

Previous requests on Verda’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$59270.00 4 6.6% $1408.32 Bank of Zachary January 14, 2012
$59490.00 10 8.1% $724.93 Landmark Bank March 10, 2014
$58620.00 9 9.3% $803.24 Bank of Gonzales December 3, 2014
$59200.00 6 8.5% $1052.48 The Highlands Bank May 2, 2015

Verda was not approved by The Highlands Bank 6 times before being granted funding by Peoples Bank & Trust Company of St. Bernard at 1615 East Judge Perez Drive

On June 9, 2012, Verda inquired about borrowing $21,000 from Washington Bank and Trust Company with Debroah, their friend from just outside Chalmette, and even with the co-signer, Verda was rejected for this personal loan. With good credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Verda’s Transunion score was altered by the personal loan loan, changing to 682 from 699, which is normal in our experience.

Transunion Score: 682

When Verda was 22, they attempted to obtain a student loan from 4 different banks, which damaged their credit rating. Below is a list of Verda’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on November 4, 2008
  • Attempt 2) Loan for $32,000.00 on October 15, 2010
  • Attempt 3) Loan for $34,000.00 on January 5, 2013
  • Attempt 4) Loan for $29,000.00 on October 31, 2008

Fast Loans for Verda in Chalmette, Louisiana to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Chalmette, Louisiana aren’t actually that difficult to obtain, especially if you have some finesse like Verda. Verda was able to find a fast loan for $160000 from The First National Bank of Abbeville and The First National Bank of Lake Charles, but turned down both offers in favor of their personal loan from Peoples Bank & Trust Company of St. Bernard. The difference with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. An improvement if you are on the go.

Paraphrased and Standardized Quote from Verda for this personal loan of $160000, provided by Peoples Bank & Trust Company of St. Bernard

Hi, I am Verda and my hometown is Chalmette in Louisiana. St. Bernard, county is where I grew up, and now I need a personal loan in Louisiana for $160000 to buy a big ticket item. It has been difficult, but Peoples Bank & Trust Company of St. Bernard really came through for me with this loan for 11.2% interest APR and a term of 12 years. I will repay the loan over the 12 year term, including interest. A big thanks to Peoples Bank & Trust Company of St. Bernard for trusting me and my good credit. It look me 5 years to create my credit to 699, and I won’t tarnish it any future. I am pleased with Find Texas Loans for helping me this far.

Client Profile: Verda Gasmen of Chalmette, Louisiana
  • Full name (Changed if requested): Verda Gasmen
  • Current Credit: loans.hit.utils.Fico@52cc8049
  • Current City: Chalmette
  • State: Louisiana
  • Zip code: 70052
  • Yearly income: $68,000
  • Current Job: community welfare worker
  • Current County: St. Bernard
  • Goal Yearly Income: $84,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Installment loan for Verda, a graduate of Mount Marty College and a community welfare worker working for over $63,000 per year

Verda, an alumnus at Mount Marty College and a community welfare worker in Chalmette, Louisiana needs a personal loan to purchase something frivolous. Verda has instead decided to obtain an installment loan for $8,000 and is at present seeking lenders like First National Bank of Louisiana to provide it.

Conclusion of Verda’s personal loan

In the end, Verda was able to find a personal loan for $160000 with an interest rate of 7.2% interest APR from Peoples Bank & Trust Company of St. Bernard in Chalmette, Louisiana repayable over 12 years from now.

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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